General Discussion
In reply to the discussion: Why is Social Security Under Attack from Obama, when it ADDS NOTHING to the deficit??? [View all]sabrina 1
(62,325 posts)so you are starting from a false premise. Second, the Chained CPI will cut benefits for Seniors, the disabled, dependent children and veterans.
Most importantly it will make NO DIFFERENCE to the Fed Budget's Deficit since the SS fund has zero to do with the Deficit, it didn't cause it, it is a separate fund, it is not funded by the Fed Budget, so how on earth can cutting benefits from a totally separate fund that is completely solvent right now, do anything OTHER than cause hardship, which is totally unnecessary, to the most vulnerable Americans who actually OWN that fund.
The SS fund can meet all of its obligations 100%, based on the worst economy and highest unemployment rates until 2022 at least. There is zero problem doing this for over one decade. And that is assuming that the economy will not improve or unemployment go down. Those numbers stretch further into the future when the economy improves.
All that needs to be done is to raise the cap and provide jobs and SS can pay all of its obligations for the next 40 years.
Iow, there is no reason even with the worst scenario, to even be talking about SS right now. UNLESS you are an anti-SS republican who wants to privatize the fund to use to gamble on Wall St.
Otherwise we should be hearing nothing about SS right now.