General Discussion
In reply to the discussion: I Love Social Security [View all]sabrina 1
(62,325 posts)What I do see is that now you have backed away from the Republican lie that SS had anything to do with the deficit. It doesn't.
You have also backed away from the claim that SS costs the Fed Govt anything, it doesn't.
Now you have returned to the 60 or 70 year old Republican argument against SS.
IF the fund runs out of money, IF the Feds have to pay for it, IF that contributes to the deficit. If, if , if ... Republicans have been saying 'IF' about SS since the thirties when it began. They use these scare tactics to try to get their hands on that huge fund so they waste away THAT money also.
Does it bother you at all that they have so very wrong for over 70 years?
Let me address your concerns. The SS Fund will never run out of money. UNLESS someone manages to change how it works.
Do the math, it's not that difficult. So long as we have a work force, SS will continue to replenish the fund. As unemployment rates drop, more money will go into the fund. When the cap is finally raised, even MORE money will go into the fund. Not to mention that the baby boomers paid so much into it that they are more than covered and when they are gone the numbers accepting benefits will drop.
I don't where you are getting that the SS Fund will 'run out of money'. How can a fund that has a steady supply of money, and from at least three different sources, run out of money?
It CAN'T run out of money.
And to keep more money going into it so we can raise benefits, we need people who will create jobs. We need to remove any incentives to Corporations that take their business out of this country. Let them go, but we tax payers are not going to give them money. In fact I would increase taxes on outsourcers and give tax breaks to those who create jobs here.
You need to stop worrying about SS. It will never run out of funds. And it's good for decades so there is no real urgency to 'fix' anything right now.
Oh yes, and RAISE THE CAP.