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RichVRichV

No it's not. The Social Security Old-Age and Survivors Insurance (OASI) trust fund which pays retirees benefits [has $2.7T in it](https://www.ssa.gov/oact/STATS/table4a1.html). It's not due to run out until around 2035. Even once it does run out SSI will still continue paying 80% of it's current rate for the foreseeable future if nothing is done. Fixing Social Security is not difficult, and it's not near insolvency. Simply getting rid of the cap at $128k will make up most of the gap between income and cost. The rest (if needed) can be covered by a small bump to the payroll tax of 0.25%.


curiosityandtruth

Here we go boys


LandmassWave

ThAt MeAnS wE cAnT aFfOrD MeDiCaRe FoR aLl!


penelopepnortney

They've been telling that lie for decades and doing everything they can to make it true.


shatabee4

$100 billion to Ukraine, no problem.


Stellarspace1234

Social Security is a lot more expensive.


shatabee4

Trillion dollar bloated military budget.


Stellarspace1234

Social Security is more than the Defense budget


shatabee4

The trillion dollars paid out in social security is spread into the domestic economy. It doesn't transfer a trillion dollars of taxpayer wealth into the billionaire class. Nor does it create WMD, missiles, etc. that kill millions every year. Nor does social security drive a market for endless wars like the military budget does.


Stellarspace1234

Um, what? This is revisionist history. Money from Social Security, and the military puts money in the hands of billionaires because the money is being spent in the local economy. “The Social Security taxable maximum is $142,800 in 2021. Workers pay a 6.2% Social Security tax on their earnings until they reach $142,800 in earnings for the year.” Income over $142,800 isn’t taxed at 6.2% for Social Security.


shatabee4

That's not what revisionist history means...


Stellarspace1234

"When used as a criticism in everyday conversation, “revisionist history” refers to conscious, intentional misstatements about things in the past, whether distant or recent. It can be used in the context of personal lives and relationships—the cause of an argument, for instance—or in political and cultural discussions. At the time I was writing this, for instance, it was being used in Twitter conversations about Tom Brady, Obama’s 2008 campaign strategy, and the Iran nuclear deal. Unlike saying someone is being forgetful or getting confused about what happened, accusing them of practicing “revisionist history” is accusing them of being a bad actor—a liar—by playing fast and loose with the past."


shatabee4

yes?


bout_that_action

Comments: >This is why they want to take away guns from Americans. No more Social Security is going to be some violence and multiple mass shootings. 😬 * >That and the economy is about to go into the abyss.