In 1935, President Franklin Roosevelt created Social Security, an insurance contract between Americans and the federal government that pays out on certain life events. As a financial safety net, social security protects Americans from what Roosevelt called the “hazards and vicissitudes of life.”
Roosevelt’s plan has been vital to the American people, and has delivered payments on time, for generations. Today, 180 million employees are paying in, and 87 million people are receiving retirement and disability benefits under the program.
Due to fluctuating demographics and other factors, payouts under Social Security now exceed pay-ins, and most analysts agree adjustments are needed to keep the program afloat. With the help of Elon Musk, Republican lawmakers, who will soon hold majorities in the House and Senate, will try to cut guaranteed benefits instead of increasing the program’s revenue.
When billionaires slash programs to fund their own tax cuts
GOP legislators are toying with reducing payouts under the system, including raising the retirement age and other benefit cuts. As one […]
Great ideas Stephan. Does anyone really think this can happen under a hopelessly corrupt two party system? I don’t. Until you fix the underlying problem which is a structure that supports a non-representative system the only changes you’ll have are window dressing. “Those who make peaceful change impossible, make violent change inevitable.” J.F. Kennedy.
Re:social security payouts running more than intake.
If they deport so many illegal immigrants paing into SS, how will they make up that loss of intake?
So many things need to thought through with clear heads!
That my friend is the point because they have no interest in making social security more secure and solvent. They can and will wreck government finances with large tax cuts creating a recession by deporting millions of workers in conjunction with high tariffs to drive up prices.