General Discussion
In reply to the discussion: I Love Social Security [View all]sabrina 1
(62,325 posts)even during this period of recession. And SS has had a shortfall in ONE of its sources of revenue, the SS TAX, at least 8 other times in its history and yet, it still worked, still paid out all its obligations.
The tax holiday was intended to hurt SS, probably hoping it would not be able to pay its obligations, but IT DID, and with a SURPLUS.
YOU are trying to scare people into thinking the Fed Govt will have to pay SS's obligations. I KNOW that will never happen and I have explained to you why. And if it ever had to make a loan to the fund, it would be paid back because SS has immense assets. In ten years, even under all these circumstances, the SS fund's surplus will jump from over two trillion where it is now, to over four trillion and that without doing anything to it. Raising the cap will increase even more.
Now you are just making things up, but at least it's better than providing us with any more Right Wing links spreading the decades old Right Wing propaganda, and it hasn't changed, in all those decades, and it has NEVER been right