General Discussion
In reply to the discussion: Emerging meme alert: "Not cutting Social Security puts national security at risk." [View all]JDPriestly
(57,936 posts)and bring a lot of pro-Social-Security senators and representatives with them in the next presidential election.
This attack on Social Security cannot stand. It won't save any money. The average benefit from Social Security is just over the poverty level already -- just a little over $1200. Thus, if not given their full Social Security benefit, many more Americans would qualify for and need other federal assistance and from the general fund. Social Security has nothing whatsoever to do with the deficit in the general fund. That is because Social Security has a trust fund to pay for the retirement of the baby boomers, and Social Security taxes are intended to replenish that fund.
Raise wages, and you raise the revenue into both Social Security and the General Fund. Specifically, raise the cap on the amount of income subject to the Social Security tax and paying the benefits to Social Security recipients is no problem.