Saving Social Security was not part of how he balanced the budget but it was an objective he outlined often as to why balancing the budget was a good thing to do and what we should do with the surplus.
President Bill Clinton achieved a federal budget surplus in the late 1990s by combining the Omnibus Budget Reconciliation Act of 1993, the Balanced Budget Act of 1997, and strong economic growth, while using the “Save Social Security First” initiative to propose dedicating projected surpluses to the Social Security trust fund
I mentioned it because we shouldn’t be in the situation we’re entering into (being unable to cover Social Security) because we had an easy way to cover the cost 2 decades ago. Younger generations, who will be taxed higher by the older demographics to cover their Social Security need to be aware of this so they get off their asses and vote.
Yeah. Removing the cap on SS is a pipe dream same as overturning Citizens United. Socialist ideals like those just aren’t practical because eventually you run out of rich people to tax but they’ll be eager as hell to cut social safety nets further and increase taxes on our incomes to pay only a small additional percentage of those obligations because they never consider that eventually you run out of middle class people to tax.
People aren’t stupid or ignorant to how SS works in my experience, they’re apathetic to it. Theres a reason society snubbed Clintons pitch of using that budget surplus to cover SS costs and instead elected Duh-b-ya so they could get that fat tax refund “they earned.”
Social security is NOT part of balancing the budget. Other than that this seems accurate.
Saving Social Security was not part of how he balanced the budget but it was an objective he outlined often as to why balancing the budget was a good thing to do and what we should do with the surplus.
I mentioned it because we shouldn’t be in the situation we’re entering into (being unable to cover Social Security) because we had an easy way to cover the cost 2 decades ago. Younger generations, who will be taxed higher by the older demographics to cover their Social Security need to be aware of this so they get off their asses and vote.
Agree. Removing the cap on SS income contributions is a better way.
The problem with contributing general funds is that then they could take from it for general funds. There is a reason why it’s separate.
Most people get confused by how SS works and so we should be average when communicating about it.
But the shareholders and CEO’s!!!
Yeah. Removing the cap on SS is a pipe dream same as overturning Citizens United. Socialist ideals like those just aren’t practical because eventually you run out of rich people to tax but they’ll be eager as hell to cut social safety nets further and increase taxes on our incomes to pay only a small additional percentage of those obligations because they never consider that eventually you run out of middle class people to tax.
People aren’t stupid or ignorant to how SS works in my experience, they’re apathetic to it. Theres a reason society snubbed Clintons pitch of using that budget surplus to cover SS costs and instead elected Duh-b-ya so they could get that fat tax refund “they earned.”