2000: Social Security trust fund will run out in 2037.
2022: Social Security trust fund will run out in 2035.
The public: lol, you've been talking about it for 30 years and it still has not run out
Is it masculine to run from a storm? Is it masculine to allow a man to insult you, call your wife ugly, and call your father a criminal...and then kiss his ass?
For 30 years I've tried to correct this nonsense. The vast majority will not listen. There has to be a villain - some evil politicians who stole all their money. Some easy solution (raise the cap!) they aren't telling us. Its conspiracy theories all the way down because "were getting screwed" political victimology is easier than accepting that we've promised ourselves more benefits than the economy can deliver at the tax rates we expect.
Senators elected this fall will be in office when the SocSec trust fund hits insolvency. So it *should* be a major campaign issue.
But few voters care. They have their silly narratives ("stop stealing the trust fund,") & fake solutions ("remove the cap"). But, y'all were warned.
Few ideas are less progressive than allocating nearly all potential "tax-the-rich" revenues to (often wealthy) retired boomers.
You merely keep SocSec out of deficit for 4 years, keep spending 6x as much on retirees as under-26's, and starve all other progressive priorities.
.@RepDonBacon says @SpeakerJohnson pressed Republicans to vote against aid to Ukraine.
"He lobbied pretty hard... The Speaker whipped against us, so that's why he drove that number down...He says he's pro-Ukraine, but the actions speak louder than words." https://t.co/Gkuulx5iUV
@PippengerHarlo@JuicyJuuce@tristanbard0516@Jube02@AlecStapp Do you have any idea what goes into building a development? There is debt and equity, upfront costs, tons of risk. If you say, “hey, 4% profit is enough,” someone along the chain will say, “no it’s not. We are risking too much for a potential 4% return.” Then? Fewer homes.
If a historian on the right abused evidence in this way, they'd face career ruination.
When Boston University's Quinn Slobodian does it, he gets a Guggenheim fellowship, book awards, and a Hewlett Foundation grant.
Academia's rot runs far deeper than a simple crisis of rigor.
I'd love to introduce "based" Mike Lee to the concept of liberalism, a battle-tested guarantor of the interests of minority faith groups, as an alternative to pleading with the sectarian plurality to let him into the in-group.
@RubenGallego@ZaidJilani That may eat up most of the capacity for additional taxes, is this where you want to spend those resources? Because I’m guessing you want to raise revenue for other programs. Is this your priority?
Social Security needs reform, but neither party is willing to take the lead on doing so.
If we continue doing nothing, Social Security payouts will be cut automatically by 24% in 2032… That’s only two presidential elections away.
👉🏻 https://t.co/QhU4UVYd6c