30 Jul 2024 7:12 pm
Why have Democrats never done this?jerrab » 30 Jul 2024, 6:27 pm » wrote: ↑ lifting the cap off money paid to social security is the only way to save it. after someone makes 169,000 dollars he does not have to pay any more to social security. there are lot of people making 200,000 or more a year. trump vows to protect them and eventually hard working americans will be denied social security and health care because of trumps commitment to the rich.
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Congress doesn’t have a lot of time left to figure out how to save the beloved programs. The combined Social Security trust funds – which help support monthly payments to the elderly, survivors and people with disabilities – are expected to be exhausted in 2035, according to its trustees’ annual report. After that, payroll tax revenue and other income sources will only be able to cover 83% of benefits owed. Medicare’s hospital insurance trust fund, known as Medicare Part A, will only be able to pay 89% of scheduled benefits in 2036.