Populist Reform of the Democratic Party
In reply to the discussion: Elizabeth Warren's response to Third Way Criticisms: 'Oh Please' [View all]sabrina 1
(62,325 posts)I don't know why there ever was a cap.
Creating jobs is the best way to keep the fund going.
But even in the worst period of unemployment, during the economic collapse and after, the SS Fund still showed a surplus. It did show a deficit in the employment tax, but the fund has other sources of income. Eg the interest on the Treasury Bonds.
Third wayers AND Republicans will argue that the Government is not going to keep paying that interest, iow, the US Govt will default on its debt.
That is ridiculous of course and hasn't happened despite all the dire predictions.
IF that were to happen, we would have a lot more to worry about than SS.
They will say anything, do anything to try to get that fund privatized.
Warren exposed their lies so they are angry about that. And STILL pretending to be Democrats.
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