Simple solutions for solving Social Security problems

Simple solutions; ignore the problem.

Here is what old Liz Warren has to say about Social Security disability:

Re­pub­li­cans are “in­vent­ing a So­cial Se­cu­rity cri­sis that will threaten ben­e­fits for mil­lions and put our most vul­ner­a­ble at risk,” wrote Sen­a­tor Eliz­a­beth War­ren, in one of her sub­tler com­men­taries. AARP and other left-lean­ing groups are also war-whoop­ing that a procedural rule the House adopted last week will mean about a 19% cut in dis­abil­ity-in­sur­ance ben­e­fits. WSJ 1-16-15

“Inventing a Social Security crisis?” Nah, there is no crisis, the tremendous growth in those collecting disability benefits is all legit, transferring money from one fund to another is fine especially when both trusts are heading for exhaustion. Old Liz wants to increase Social Security benefits and transform it into pure welfare. There is no crisis, just raise payroll taxes to provide all the funding necessary for this growing liability that is making lifetime payments to more and to younger Americans.

Don’t take my word for this, read the conclusions and recommendations of the Social Security Trustees whose members include several Cabinet officials of this Administration. Read Trustee Reports here.

3 comments

  1. Half of the harm done in the world is due to people who want to feel important. They don’t mean to do harm. But the harm does not interest them.

    T S Elliot

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  2. What is the motivation for the cuts? I don’t know about the inner workings of the United States social security system but my feeling is that like the United Kingdom’s system it is not in immediate danger of bankruptcy. However in the United Kingdom our current government is proposing about £8 billion of cuts to the social security system in order to fund a similar level of tax cuts most of which will benefit people earning over £50000

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    1. Well, the disability trust will be broke in 2016 and the retirement trust will have used all its assets by 2033 and thereafter will have incoming taxes as its only asset which means it will only pay 75% of earned and promised benefits. By the way, i love Haggis. 😄

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