I understand the budget. I have read the article. SSN is a losing argument because it is the ONE entitlement not adding to the deficit now. It is not expected too until 2030 or so depending on which numbers you are looking at. Medicare is a huge drain. Military also has to be cut if we are serious about reduction.
What about college research grants? Wind mill scams. Solar scams. Federal employee paychecks. Federal pensions. No you go straight to the military rather than the bloated bureaccracy and pork.
“SSN is a losing argument because it is the ONE entitlement not adding to the deficit now.”
Not to the people who are paying into it. Young people. Again, you’re assuming that a policy is a loser policy because the takers > makers.
I hope you’re not one of those ‘lockbox’ people. There is no ‘lockbox’ it’s been spent. Everything that boomers have contributed has already been spent on stuff for boomers.
What is happening now, is that as boomers retire - their children and grandchildren are footing the bill. Only your children and grandchildren make about as much as your grandparents did. We get a considerable percentage of our income taken off, no matter how much we make, to pay for Social security. For me last year, it worked out to be close to 20 percent of my earnings. And I make about 10k a year.
Meaning - we don’t have the money - because boomers won’t hire us for the positions that make a significant amount of money - and because Boomers insist on credentialism for entry level positions. If you don’t spend x number of years in school - you won’t even be considered.
There’s simply not enough of us out there to pay for all the boomer retirement benefits, not when it takes 5 of us to pay for one of your jobs, and the retirement ratio is approaching 2:1.
SS reform is inevitable. The choice we have at present is how that reform is to take place. What are folks like me supposed to think, when we are having 20 percent of our paychecks taken to pay for people who make more money than we ever had in our life? Social Security takes from the people who have little money (younger folks), and pays it to the section that is the most well off.