A 5% across-the-board increase in social security benefits would add 5% of $1.6 trillion = $80 billion annually to Social Security spending while also accelerating the insolvency date.
A genius idea❓❓❓❓
The total annual payroll for all 535 voting members of Congress is approximately $93.3 million. A 5% raise would costs $4.6 million annually.
Do the math‼️
If we gave the entire congressional payroll to social security beneficiaries each person would receive an additional $1.32 annually.
Congress has not had a raise in seventeen years. Of course they should have a raise and a pretty good one.
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