Posts

Showing posts with the label social security

Social Insecurity

Social Security is going broke. We can't afford this program. The best thing to do is privatize it or gut it till it bleeds out and ceases to exist. Have you heard these assertions before? All but the gut and bleed out part, politicians rarely speak that honestly. They prefer to wrap their shit pills in sugar. Social Security is not going broke. It's a lie each and every time you hear it. There is currently a 2.8 trillion dollar surplus in the trust fund. If our Congress does nothing to prevent future shortfalls the fund will begin paying out seventy-five cents on the dollar. This will happen sometime between 2035 and 2041 depending on whose figures are being cited. In 1983 Social Security needed to be fixed and it was. Republican Bob Dole and Democrat Pat Moynihan authored bi-partisan legislation which solidified the program through 2042. When asked what would happen then Dole responded, what do you mean what happens, it's up to the next generation of legislators to do t...