General Discussion
In reply to the discussion: Social Security has ZERO to do with the Deficit. [View all]sabrina 1
(62,325 posts)to make sure SS is always well funded.
One, and the most obvious one, is to raise the cap.
Two is focus on jobs here in the US instead of providing subsidies to Corporations who outsource those jobs, among other things.
Three, no more tax cuts for the wealthy, no more bailing out failed Corporations and no more Wars for profit. Those three things alone caused the 'borrowing' the Fed Govt is responsible for from the SS Fund and elsewhere.
We've been hearing that SS is in 'danger of having to draw on the General Fund for decades now. But it hasn't and never has to, unless it is ALLOWED to happen in order to use it as an excuse to tie it to the Deficit, however remotely, and convince the public it needs to be privatized.
It is now up to Democrats to once again stop any talk of SS/Deficit and push for the raising of the cap, as a start.
SS has other sources of revenue, one being the interest on the bonds and even in these difficult economic times, it has STILL shown a surplus every single year.
The Deficit Commission needs to focus on WHAT CAUSED the deficit and leave SS out of it.
Even under the worst scenario, SS will not need to draw on the General Fund for at least 25 more years, giving those we have elected plenty of time to do the little things necessary to keep the fund going for another 100 years or so.