Cutting Social Security does NOT add a penny toward the budget deficit

[Fearless]

Just so we can all be clear on that.

IF you cut benefits to Social Security all you do is add money to the Social Security trust fund. You do not solve the deficit "problem". The federal budget does not pay any part of Social Security. You do.

[Fridays Child]

1. Please say it every chance you get.

So many Americans don't get it.

[JDPriestly]

2. Actually, as I understand it, Obama is planning to raise the minimum

amount of Social Security benefits awarded and thus transfer the costs of things like food stamps and housing subsidies from the general fund out of which they are not paid to the Social Security Trust Fund. I may be wrong about that but I think that is the plan.

So, middle class seniors who receive from $11,900 per year up to maybe $2,500 (very rare) if they paid the maximum payroll tax for many years, would receive less and the very poor would receive enough to be above the poverty level -- and the Social Security Trust Fund would pay for it.

As I said, I could be wrong, but this is the only thing I can figure out as to how it is supposed to work.

This is going to work like a tax increase on the middle class seniors.

[Fearless]

3. 11,900 to 25,000 is NOT middle class.

The poverty line for a family of two is 15,130. For an individual it's 11,170. Who on Earth suggests that a "tax increase" on "middle class" seniors is a good idea? Certainly no real Democrat.

[Fearless]

4. Kick for morning.

[William769]

5. That's correct but

The federal Government loves to borrow from the Social Security trust fund. Their lies the problem.

[Fearless]

6. And that should've been made illegal years ago.

It is literally theft.

[William769]

7. Agreed.

[Fearless]

8. .