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In reply to the discussion: Know your BFEE: Social Security is a Side Show while Banksters Walk and You Pick Up the Tab [View all]Octafish
(55,745 posts)Social Security IS key. In the OP, I want to show how RICH skipping on taxes is the real problem.
If our elected representatives in Washington DC were interested in fixing the deficit and debt problem, they would raise taxes on the wealthy and the corporations they own. Social Security has nothing to do with the national debt, other than helping alleviate it through SS Surplus monies "lent" to the Treasury to finance wars and pick up the slack on all the loopholes for offshored wealth.
Ever since Red Ink Ronnie had his way with Congreff, reducing the corporate profits tax from 50-percent to 28-percent shifted the lion's share of the tax pie onto individuals, the richest of whom saw their rates drop. The idea was that all the money the rich now had would trickle down and create jobs and those jobs would fill up the emptied Treasury.
It never happened. I doubt it ever will. Yet, today, 30 years on, we have a Democratic president telling us we need to follow that script. And on top of the economic injustice, he wants to show his good faith by tossing in Social Security to the debate.
Talk about Robin Hood in Reverse. It took a "left of center" Democratic president to unlock the Lock Box.