Wednesday, April 1, 2020

The social security scam in the bail out

Alex Seitz-Wald of Social Security Works explains. Employers are allowed to defer their contribution to social security (SS). So when, not if, SS runs out of money to pay benefits the general fund will have to make up the difference. Then of course comes the Repug outcry that SS is bankrupt and needs 'reform,' meaning its money needs to be raided for the already wealthy while cutting benefits. It's an intentional Repug move to further harm SS, because it was a completely unnecessary move to help employers. Employer help could have come directly out of the general fund in the first place.

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