Donald Trump warned Tuesday that if the Democrats don’t approve funding, there are dangers to the future of Social Security and Medicare.
Trump said at a press conference that when he asked Democrats for feedback on the funding bills, one said, “It means death.”
“There’s nothing about death,” Trump said. “Theirs is death because they’re going to lose Medicaid, they’re going to lose Social Security, they’re going to lose Medicare, all of those things are going to be gone because the whole country would be bankrupt, and you’re not going to have any kind of medical insurance.”
Listen to this folks, he’s right. Even when the reserve runs out of money in about 10 years under the current structure, tax revenues will fund about 80% of benefits on an ongoing basis.
To everyone who says Social Security isn’t sustainable: it’s very sustainable. Just at around 80%.
To fund it at 100% long into the future they just need to raise the cap on taxable income.
Also! If it wages weren’t so dismal, for so long, social security would not be having this issue at all.
We could fix social security by increasing the minimum wage to something that want an absolute joke without ever touching the Social Security laws directly.
Although the cap should be raised, too. It is laughably low.
The solution is so simple and painless that every American should be furious that SS is EVER used as a political football. Fuck the rich, raise the cap, from the bottom to the top.
Yes. Or just remove the cap entirely.