General Discussion
In reply to the discussion: Workers have been paying higher social security taxes than necessary for 30 years. In 1983, [View all]sabrina 1
(62,325 posts)borrowed from make the American People just one more creditor. It's interesting that no one blames those other creditors for the deficit. SS had nothing to do with creating the deficit. We the people are creditors now of the Fed Govt who have been borrowing money to pay for Wars and for the Bush tax cuts.
They did borrow the money and they don't want to pay it back. They want to privatize that enormous fund, which is set to double by 2023 and gamble with it on Wall Street.
Read the Third Way plans for SS. 'Savings Accounts' instead of the way it is now set up. The Third Way is part of the Dem Party so it's not just Republicans who want to use the People's Fund to gamble with on Wall Street. It is people like Erskine Bowles who has been trying to do that since the Clinton years.
They must be stopped, there is no other way around it.