LINK Social Security Benefits Targeted for Cuts by House Conservatives
(I remember in the 1980's Ronald Reagan doubled the FICA tax to be sure social security could pay benefits, or so he said. He then turned around and "borrowed" the money from the social security fund to increase military spending. To date, the money he and other presidents "borrowed from the social security fund has never been paid back.)
Group would gradually increase retirement age to 69 years
Biden seized on past RSC plan during 2022 midterm campaign
House conservatives on Wednesday proposed raising the US retirement age to collect Social Security, handing Democrats damaging political ammunition ahead of the 2024 election.
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Feel free to reply to any comment by clicking the "Reply" button.It never will be paid back. A mistake many of us make is the assumption that we have money in an account with our name on it. Wrong. This is an insurance program that is handled by the government. Biden said not so long ago that Republicans want to cut Social Security and they denied it at the time. What they really want is to abolish the program even if many of them have benefited from it. Paul Ryan is one such person. Even so, they play a game constantly where they want to "balance the budget" using Social Security. Each time the POTUS has to make them some concessions. This alone tells me who to vote for.
DenoPenno
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June 16, 2023
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