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Economist || Market Enthusiast || Politics INQ:EconomyWithCoffee@gmail.com
Jun 11, 2019 • 4 tweets • 2 min read
Don't get mislead by the negative and false propaganda uttered by politicians and the media around Social Security. The program has a cumulative surplus of $2.9T and is fully funded until 2035 and 93% funded for the next 25 years. Yes, there is a funding issue but a passage of
The Social Security 2100 Act will put Social Security back into balance over the next 75 years. The cost? Raising payroll taxes by one-tenth of 1% per year and adding new payroll taxes to wages over $400K plus. As @peter_arno stated, "Social Security is the most successful