Tuesday, October 18, 2022

Let's talk about Social Security shenanigans....


By Beau of the Fifth Column.

Comments:
Both Scott and Johnson are in the not likely to hold their seat club. This problem may take care of itself. It is more and more unlikely that the public will vote out insurrectionist members (if the Dems do the right ads), so there will be no fiscal cliff this year. The GOP is trying to leverage extension of the Trump-Ryan tax cuts. 

While I would be pleased with comprehensive negotiations on tax policy and funding Social Security (with the employer contribution replaced with a VAT that is equally credited rather than tied to income), I am not holding out hope.

I wrote a book in 2019 about who owns and owes the National Debt. The wealthy owe it and own much of it - but not any of the part that funds Social Security. Curious.  Here is a link to the book: 
Settling (and Squaring) Accounts: Who Really Owns the National Debt? Who Owes It?

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