General Discussion
In reply to the discussion: It's mobilization time again, folks. [View all]sabrina 1
(62,325 posts)and never pay it back. Cutting benefits ensures holding on to as much of the fund as possible, for borrowing purposes. They got so used to dipping into the fund they can't let it go.
That is why I don't just support eliminating the Cap, I support increasing benefits so the money goes to those who own it, rather than sitting there waiting for the next hare-brained idea they will need a few trillion for to ensure they and their buddies continue to make obscene amounts of money.
Increasing benefits would also be the equivalent of a stimulus package except it would not cost the Central Fund anything.
Mostly though, the SS Fund was never supposed to accumulate huge surpluses, and now I understand why.
And as someone else said, they want to Privatize all public funds so they can gamble with them on Wall St. We all know how well that worked out for many people whose pension funds were invested in Wall St.