It really is that simple.
Reblog to spread this around.
The only way that Social Security contributes to the deficit is when the federal government has to pay back interest on loans it borrowed from SS, which it borrows money to do, contributing to budget shortfalls. However, for the history of the program, other than the last few years, they’ve brought in more than enough money to pay benefits that year, running a surplus. The last few years, they’ve run a cash flow deficit, which the federal government has to cover — that is entirely true. Right now, though, income over $113,700 isn’t taxed by SS. Raising the cap would continue the solvency of the program, which is literally the best anti-poverty program in the history of our nation.
It used to largely mean that growing old and unable to work meant impoverishment until death. That is no longer true. Let’s not go back down that road. SS should NOT be cut. Not chained CPI, nothing. Tell your Democratic congresspeople not to touch ANY deal with SS, and tell Republicans to fuck off when they bring it up.