Every week Senator Bernie Sanders says, and Thom echoes, that Social Security is safe, sound and secure. Every week, in the same breath Senator Sanders says that Social Security will be able to pay out approximately 70% of benefits in 2037, and that with minor adjustments it will be sound beyond that. A failing program is one that requires constant "minor adjustments" and handcuffs the country financially. The minor adjustments can come in only a few forms: higher FICA taxes, lower benefits and a higher retirement age. The FICA tax has been raised 23 times since 1950, the first year of increase. The income cap has been raised 43 times. Sure, each tax increase is minimally incremental, but the rate is over six times the original. The senator and Thom are as delusional as Dick Cheney and his belief that deficits don't matter. Any government program can be made to look sound if no cap is put on the taxes needed to sustain it. And all they are doing is kicking the can down the road--only very slowly--until long after they are dead. This is their blind spot--that Social Security is the ONLY program that can help out the elderly. No American problem has only one solution. There are ways to reform or do away with Social Security without turning the money over to the banksters or greedy Wall Street financiers--and without abandoning those to whom promises have been made.

Comments

Add comment

Login or register to post comments

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

Secretary John Kerry Makes History At The UN

While much of the mainstream media was focused on 2016 election cycle, Secretary of State John Kerry was making history with his granddaughter at the United Nations. Last week, Secretary Kerry joined a gathering of the majority of the world's nations and signed on to the historic Paris Climate Accord.