General Discussion
In reply to the discussion: Heads-Up !!! - 'Why Democrats Might Cave On Social Security Cuts' - HuffPo [View all]JDPriestly
(57,936 posts)Bring jobs back to America.
Social Security payments create jobs in America.
Seniors hire Americans to work in their homes, in hospitals, in nursing homes. Seniors spend their Social Security checks in America, paying Americans. Seniors buy food with their checks. Made in the USA food.
The percentage of seniors with I-Pads and I-Phones and other electronic devices is lower than the percentage of younger working Americans with those items.
Seniors buy garden supplies "grown in America" and sold in America. (Garden stores are full of seniors.)
Seniors' Social Security checks help our GDP because seniors probably (I'm guessing but sure it is true) a lower percentage of their money on goods made in other countries than do younger citizens. Think of it. Seniors buy fewer clothes, fewer new cars made in other countries, fewer electronic devices made in other countries. Seniors spend their benefit checks right here in the USA.
It does not make good economic sense to cut Social Security. It will lower our GDP and raise our unemployment rates. It's bad public policy, and it will really hurt seniors.
The average Social Security benefit barely keeps a person above the poverty level. That's before chained CPI.
And prices are rising and will rise more as we see global warming affecting our food supply.
Don't default on Social Security or Medicare. Those programs aren't just good for seniors. They are good for America.