Facts: Social Security is a self funded trust that cannot borrow money. It is not going broke and will be solvent for the next 15 to 20 years at which time benefits will have to be reduced to match incoming funds. This is estimated to be a 20 to 30% reduction in order bring expenses in line with revenue.
Lies: Social Security is a Ponzi Scheme. This is just an outright lie. SSI provides a critical safety net to keep our disabled and seniors froms starving to death.
Question: Why is social security capped at just over $106,000 thousand dollars? (This means that after you make 106k you stop paying SSI.) Again, the burden of paying for SSI is on the people who can afford it the least. Remove the cap or reverse it (only people making over 106k pay SSI taxes) and lets see how what that does to the solvency issue.
Once again, Rick Perry is screwing the poor so the rich can save a few dollars on the first 106k they make.
The opinions expressed in this article are those of TJ Provost.