Roughly seventy Democrats in Congress sent a letter to president Obama in which they called upon him to support "expansion" of Social Security benefits. It is hard to imagine that these politicians are pushing for higher payments out of the Social Security Trust Fund. That fund is already at the point where it will be bankrupt in a few years at current benefit levels. Rather than address the problem of payment of benefits outstripping income, however, the Dems just call for raising the payments.
The situation is much like the one in Greece in which an overly generous government cannot afford the benefits it is already obligated to pay. Those calling for higher benefits say that all that is needed is for taxes to be raised a bit to cover the cost.
It is amazing that people who are in Congress and who supposedly understand the economy now want to put further taxation on our weak recovery for an election year goodie. Isn't there ever a time where the truth makes an appearance with the Democrats?
The situation is much like the one in Greece in which an overly generous government cannot afford the benefits it is already obligated to pay. Those calling for higher benefits say that all that is needed is for taxes to be raised a bit to cover the cost.
It is amazing that people who are in Congress and who supposedly understand the economy now want to put further taxation on our weak recovery for an election year goodie. Isn't there ever a time where the truth makes an appearance with the Democrats?
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