Saturday, August 20, 2022

Eighty-Seven Years and Counting — Stephanie Kelton

To preserve Social Security for future generations, we need to move beyond the usual "solvency" fights....
The Lens
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/eighty-seven-years-and-counting


5 comments:

Matt Franko said...

https://www.politifact.com/factchecks/2020/sep/04/joe-biden/joe-biden-says-donald-trumps-plan-get-rid-payroll-/

“ Trump has said he wants to terminate the tax. That would put the program under great financial stress. But Trump said he would look to Congress to maintain the program and draw on general revenues — potentially in excess of $1 trillion a year — to replenish any lost funds.

Overall, Trump’s comments suggest he wants a fully funded Social Security program, but he doesn’t want the taxes that pay for it. This is contradictory, but it doesn’t mean he wants Social Security to run out of money in three years. ”

Some in GOP want to eliminate the employee portion of the tax and use deficit spending if there is any shortfall…

Math challenged Art Degree moron writing this : “this is contradictory!”… lol…

Peter Pan said...

Which costs more... Social Security or the medical resources needed to keep the recipients alive?

Matt Franko said...

They probably want to take the employee portion and make it available/mandatory to fund expanded ERISA accounts,,,

Peter Pan said...

I'm told the cost of health care is a small business killer.

Matt Franko said...

Yes it keeps going up as the public investment creates new practices and supporting products in pharma and equipment and facilities to provide improved health services…

But then the Art degree morons running everything are too stupid to figure out where the munnie flow is supposed to come from to pay the increased costs associated with these expanded services the initial public investments creates…

The whole thing always comes back to unqualified Platonist morons trying to run everything,,,

If you didn’t attend university you might not understand this phenomenon… but we can see it happening everyday..,