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343
Musk targets Social Security with blatant misinformation
It can be said. The trust fund is nothing but IOUs. This means the federal government makes up the difference via more debt or from the general fund. -
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343
Musk targets Social Security with blatant misinformation
This started in 2010. It's been over 14 years, and Congress has not addressed this problem. https://www.pgpf.org/article/lawmakers-are-running-out-of-time-to-fix-social-security/ -
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343
Musk targets Social Security with blatant misinformation
It most certainly can. The US Congress decides the funding for the Social Security administrative budget. The 2025 administrative budget is $75.7 billion. This money comes form the US taxpayer. You have confirmed that the Social Security payments program is supported by the payroll tax and a self-employment tax. You do not deny that excess contributions were required to be invested in US debt. The interest on the debt is paid by US taxpayers. The investment principal is guaranteed by US taxpayers. Yes, Social Security payments would be required to be reduced if the Trust fund is exhausted. However, the reality is that while there is no law in place that requires taxpayers to make up the difference, the economic impact of a shortfall would be devastating. The US experience has shown that there would be a bail out using taxpayer money. This was done for the auto industry and the banking industry. The Social Security payments represent 5% of the US GDP. It is considered a too big to fail part of the economy. 90% of the elderly income is derived from social security payments. -
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Unforgivable war crimes committed by Russia on the battlefield
Heck, I've got 206 "Ignored" users as of last count. I like the echo chamber of those who are rational and capable of analytical, informed thought as opposed to those on my "Ignore" who generally melt down into a mass of name-calling goo and just keep repeating the same slogans they hear on main-stream news over and over again - which is why they are on my "Ignore" list - I already know what they have to say. The word order may change but they are generally challenged to spew more than a couple of sentences and usually those are just to ridicule and name-call and make ad-hominid attacks. 👈 That's all they got...so 👉 It's not worth reading. So I don't. @frank83628 You actually waste your time to scan their screed? You're a better man than I. Kudos.
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