@BjornLomborg If a politician says something wrong that doesn't undermine climate science.
Bjorn has roughly a 20% accuracy rate, so by his logic this skewers climate skepticism.
The average American pays $367,000 into Social Security. It's deducted from every paycheck so we can retire with dignity.
Rich Republicans want to steal our earned retirement savings to fund tax cuts for the obscenely rich, endless wars, and fossil fuel subsidies.
I testified before the House Oversight Committee's Task Force on Constitutional Rights and Institutional Abuses at a hearing entitled: "Amnesty and Chaos: Abuse of U.S. Immigration Policy." I told them the only amnesty happening now is for ICE agents who violate our rights.
Social Security does not add to the national debt. It is even prohibited by law from borrowing money.
Politicians who talk about cutting or changing Social Security to address the debt are lying to you.
Here is how Social Security funding works:
Social Security is funded by payroll taxes. When more money comes in from payroll taxes than benefits that need to be paid out, Social Security is obligated to invest the surplus in Treasuries.
Treasuries are bonds. Governments and corporations issue bonds to generate money. A bond is a loan from the purchaser to the issuer.
A bond has a principal, a maturity date, and an interest rate. The principal is the value of the bond. When you buy a bond, you pay the principal. When the bond reaches its maturity date, the issuer is required to pay the principal back to the holder. The interest rate is the amount the issuer pays to the bondholder.
It is similar to how, when you take out a 30-year mortgage, you agree to a repayment schedule and to pay interest until the loan is repaid.
As Treasuries mature, if Social Security doesn't need that extra money, it rolls them over by buying new Treasuries.
When Social Security needs more money to cover benefits, it cashes out Treasuries.
The federal government has had a deficit for the past 25 years. This means that when it has to meet its obligations, it needs to borrow money.
This is how people claim that Social Security adds to the debt. That is ridiculous.
Companies and countries buy US Treasuries. You and I can buy them. Anyone holding a Treasury when it matures isn't increasing the debt. The government’s unbalanced budget is causing the debt.
Cutting Social Security will do nothing to get the US out of debt, but it would create hardship for millions of Americans.
Social Security currently has a shortfall, primarily because people are living longer and the large Boomer generation is retiring. In 1960, there were 5.1 people paying into Social Security. Today, there are only 2.7. The trust fund from past surpluses is keeping it afloat, but it is running out.
The easiest way to address the shortfall is to remove the tax cap on Social Security. Benefits do not have to be increased to do this. This is exactly what was done for Medicare in 1993. The tax cap was removed, and benefits weren't increased to better fund the program.
If you think California is taking a while to count votes, wait until you hear how long the Trump Administration is taking to release the Epstein files…
A government agency spending $300 million in taxpayer dollars to produce sterilized flies sounds like a dream scenario for a DOGE team looking to cut waste, fraud, and abuse. https://t.co/3lGn15PndO
Old enough to remember when MAGA was falsely claiming no signature requirements in California (last week)
This week? They’re mad there are signature verification checks
Beginning to think they’re just operating in bad faith
I'm so freaking sick of hearing people obsess over the LA mayoral election being rigged. There's ZERO credible evidence of that.
The results make total sense. LA is deep blue. People are fed up with Mayor Bass, so Democrats largely consolidated behind another Democrat (Nithya Raman) instead.
Pratt ran a solid outsider campaign, but he was always a long shot here. The early leads flipped with the remaining ballots because Republicans tend to vote earlier or on Election Day, while Democrats are more likely to mail theirs at the last minute. California almost ALWAYS sees this pattern. It's called a "blue shift". Look it up.
Most of the loudest voices complaining don't even live in California. He lost. Move on. You sound like idiots & sore losers who claim everything that doesn't go your way is rigged. Embarrassing
OMFG!
Trump literally just celebrated a massive increase in our trade deficit.
He doesn’t even know what a “widening of our trade deficit” means. He thinks it means that we are exporting more than we’re importing, which would be good, but it means the exact opposite.
For thirty years of my career studying this, I considered the #AMOC tipping risk a high impact but low probability risk for the future of humanity.
Recently I've changed my mind.
Here I explain why. ⬇️
https://t.co/DfLsJ5ezCb