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re: Social Security and Medicare will be Insolvent in the 2030s
Posted on 10/4/23 at 7:44 pm to dafif
Posted on 10/4/23 at 7:44 pm to dafif
quote:
I would like to know how much the US has borrowed from Social Security
They didnt borrow, they took it and spent it. Law would not allow for taking the principal, but Kennedy signed off on spending the interest, and LBJ started doing it, and every administration since. Thats why its such a dirty secret, both parties did it knowing full well it would lead to where its at. But hey we didnt know people would grow old.
Then obama took it a step further and added to the permanent disability list hangnails and migranes, and ptsd if you lost your pet.
Any business leader with free rein could cut a trillion in spending with little impact to services of the govt, and leave real beneficiaries of SS alone.
And increase revenue significantly, do away with the income tax and pass a sales tax (therefore capturing taxes on upwards of 50 million illegals and the illegals born here who should never have been given citizenship).
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