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re: 56% of GOP voters want govt to pay more in monthly SS benefits/medicare
Posted on 5/16/24 at 12:09 pm to NC_Tigah
Posted on 5/16/24 at 12:09 pm to NC_Tigah
quote:
All immaterial anyway. SS is a debt funding instrument marketed as a retirement program.
As long as our nation is in debt, the US government will not cede SS as a debt management tool.
No argument from me on that. To me, that's just part of what has to be tackled in order to end it.
quote:
Regarding ending the program with no payback for contributions, d/t the debt obligation structure, I'm fairly certain that would entail Constitutional challenges.
And that would be a needed process. It would be hard to fathom that the SCOTUS would say "what people paid in with the promise on retirement doesn't matter... "
But then again, I never thought the SCOTUS would rule that killing an unborn child is ok. Then decades later say it's not a federal jurisdiction.
For me, the issue can be solved. It would require congress to act to allow funding from other sources. It would require the STATES to force a COS and by that check and balance FORCE them into fiscal responsibility.
On a side note on how we should operate with taxes... force a 5% income tax on everybody with no loopholes. Go back to excise tax and tariffs funding the federal gov. Among other things.
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