Republican Tom Patterson didn't explain in his Nov. 27 opinion that Social Security will still pay at least 83% of its benefits in nine years, even if Congress takes no action.
All Congress needs to do is raise the current income limit from $160,000. The richest Americans have the easiest time contributing to the fund that helps poor, elderly seniors. However, Republicans have no interest in protecting the most successful retirement program that helps the poor.
Wealthy Republican businessmen opposed Social Security immediately when FDR established it in 1936, and have used the same false arguments since then. George W. Bush again claimed Social Security was "broken" as part of his 2004 re-election campaign, but educated economists explained that he was wrong.
Republicans like Patterson want to transfer Social Security retirement accounts to Wall Street, where hedge funds will rip off Americans with high fees like 2%. Maybe they will invest your retirement funds in their friends' ponzi schemes like Enron, Global Crossing and Bear Stearns. Social Security's administrative fees are 0.1% — you can't beat that for efficient management of retirement funds.
Don't believe the MAGA lies about Social Security.
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