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Wed Aug 14, 2019, 08:50 AM

Social Security isn't in crisis. It just needs a tune-up.

Eighty-four years ago Wednesday, President Franklin D. Roosevelt signed Social Security into law. He advised future generations to continue building on the program’s foundation, which he explained “represents a cornerstone in a structure which is being built but is by no means complete.”

Recognizing Social Security’s importance to the economic security of working families, policymakers followed FDR’s direction and expanded it regularly — until 1972. In the years since, politicians have increasingly seen government, to quote Ronald Reagan, not as “the solution to our problem” but as “the problem.” Not coincidentally, Congress has not passed legislation to expand Social Security in more than four decades.

Nor has any action been taken to increase Social Security’s dedicated revenue, despite the fact that a modest shortfall — projected to begin in 2035 — was first reported to Congress in 1989.

When a shortfall was reported to Congress in 1975, legislation was enacted in 1977. When a new projected shortfall was reported in 1979, Congress again reacted relatively quickly, passing legislation in 1983. In contrast, three decades have passed without action to address a shortfall first identified in 1989.

https://www.latimes.com/opinion/story/2019-08-13/social-security-2100-act-congress

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Reply Social Security isn't in crisis. It just needs a tune-up. (Original post)
Zorro Aug 14 OP
Zoonart Aug 14 #1
BlueMTexpat Aug 14 #3
Newest Reality Aug 14 #2

Response to Zorro (Original post)

Wed Aug 14, 2019, 08:51 AM

1. This isn't difficult.

Cut the crap... raise the cap.

Fixed.

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Response to Zoonart (Reply #1)

Wed Aug 14, 2019, 09:45 AM

3. That makes too much

sense!

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Response to Zorro (Original post)

Wed Aug 14, 2019, 08:58 AM

2. Like many subjects

It is used as an hair on fire tactic to manipulate people. There is a similar approach with most wedge issues and they are purely manipulative and laced with distortions and downright lies.

As has been said, raise the cap and it's good to go. In fact, there is also no reason not to expand SS and increase payments. We should not ever forget the circular nature of an economy, though it seems to be left out and ignored for an ulterior motive. Consumers, (I mean people) are a vital aspect of the chain.

In relation to that the experiments concerning UBI so far have proven to be great boons to the people involved and their communities, but how does that help large corporation's bottom lines and crony, vulture capitalism? Not much in the short-term, (though it rescues a decaying culture)! Ah!

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