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Go ahead and just mention getting rid of social security...political suicide. As it should be. One of the best things we ever did in this country.
Personally, I'm retired and could live w/o S.S.. (it just provides me beer money, anyways). But I think of my fellow American brethren who have worked as hard as I have, even tho' not smarter; and depend on it as their main income source.
The only way I'd agree to getting rid of S.S., would be to simultaneously getting rid of Medicare, Medicaid, and EBT (food stamps). If done, than let the unraveling of the U.S.S.A begin! (The third S truly stand for socialism.....).
Soc Sec is not actually saving for retirement, and it was never intended to be that. It is a lifeline for some, but overall it has the effect, like Medicare, of being a built in stimulus in recession. The only question is can they be made solvent, and the answer is yes, if the current gop would get the fock out of the way.
In a short-term sense, you're half-right. We printed mo' money to bail the banks out, so why not with S.S.? But
solvency related to both, is in some galaxy, far, far away...........(as the debt approaches 20 trill.).
The money we bailed the banks out with actually got paid back. Not with real dollars, but the bailout wasn't with real dollars. The Treasury put more money in circulation, and when the banks gave back stock it was more or less a wash. G5000 will happily (-: discuss the money supply issue of QE and the fed. It is a potential danger. Perhaps more so because of the persistent high dollar. Trump is sorta right that if the dollar is worth less, we pay off debt sold when the debt was higher. But more importantly, if the dollar falls, foreign goods are more expensive, so people won't buy as much, so inflation may not be that much of a problem for the US. It wouldn't help Germany's deflation, but fouck em, we've been paying for their defense any buying cars for 65 years. And our consumers could buy US goods with weaker dollars.
Deficits for soc sec require us to issue more debt. Getting rid of the cap on payroll taxes would make soc sec solvent in one day. I'm not for privatizing medicare, bit I'm not going to say having all you can use healthcare for people retired with 100K incomes makes much sense.