No one with two brain cells is going to reduce social
security, no matter what Democrats are claiming on TV. No Republican is that
dumb. There might be a few Democrats who
are that dumb but I doubt it. The
current talk on TV about reducing social security is just talk, nobody,
Republican or Democrat, is going to do it because the political backlash would
be too severe.
Likewise talk on TV about the feds taking money away from
social security is just talk from ignorant people. TV is full of very ignorant people.
Social security works like this. Every worker has money taken from his paycheck and given to social security. In many years, this year for example, social security takes in more money in taxes than it has to pay out in benefits. The difference is large, billions of dollars. So what does social security do with the extra money that they will need in a few years? Answer, they buy US treasury bonds. They pay modest interest, they are the safest investment on the planet. America has never ever failed to pay off on its bonds. And everyone, politicians, economists, business men, who ever, is against social security investing the money in banks or stocks or anything private, doing such amounts to Uncle Sam investing a lost of money in where ever, which amounts to gaining government control of some private enterprise, at which point it is no longer a private enterprise. And there is no question that US bonds will pay off for social security when social security needs the money.