The federal govt borrowed over $2.2 TRILLION this fiscal year. In 9 years the Social Security Trust Fund runs out, forcing an automatic 24% cut in retirement benefits & risking the doubling of senior poverty. Our nation’s fiscal health is moving away from us very, very quickly.
@RepDavid Maybe cancel Trump's big tax break to the already wealthy?
The reason social security will run out of money is the projections to fund it done years ago assumed a similar distribution of wealth over the years. In fact, this wealth gap widened with so many more poor people today than back then. Basically, not enough people are paying enough to fund the system. To fix this, we’ll either have to borrow money or raise taxes on the wealthy who benefited more from the economy all these years than the rest of the country.
@RepDavid @SpeakerMcCarthy Probably a good time to not fund Ukraine.
Sir, in 2019 we crossed the Rubicon when we hit $23 Trillion. The increased spending coupled with the compounded interest will be over double our GDP before 2027. Thelma and Louise have driven the Caddy off the cliff. We're in free fall now and soon gravity will kick in and this ride will be over.
@RepDavid @SpeakerMcCarthy With the largest budget on Earth, the US Congress needs to do hard things. We are a Republic. Be brave!
@RepDavid PUT OUR MONEY BACK WHY HAS THE GOV BEEN DIPPING IN OUR SS.. that was NOT TO BE TOUCHED WE WANT A LAW THAT SAYS u can not BORROW FROM SS AND PUT IOU"S IN IT >> PUT IT BACK
@RepDavid @SpeakerMcCarthy Where has this passion been before today