Call it what you want but it is a RAID ON THE SOCIAL SECURITY TRUST FUND!
PERIOD!
Now all they have to do is continue the underfunding of SS and then they will declare it also has to be bailed out but in order to do so they have to eliminate the trust fund and fund SS directly from the General Revenues Fund (income taxes). So under the new structure it is welfare for seniors and it will be a one size fits all, the lowest common denominator. Since it won’t be enough, they will have to raise income taxes even more.
Has anyone ever wondered why someone on the R side of the aisle is not making this point? As always, the establishment is playing both sides and We The People are the stuffing in the sandwich.
F’em All!
I wish.
The “Trust Fund” has already been spent.
Social Security “loans” excess funds to the U.S. Treasury.
The Treasury instantly spends those funds on current government expenses.
In return, Social Security gets special intra-government bonds that the Treasury promises to repay in the future.
If the government goes broke, Social Security goes broke.
Investor’s Business Daily had an excellent editorial today making your second point.
And on C-SPAN last night a Congressman I didn’t recognize also made your second point.
But, as you note, no GOP leadership is involved at all.