Republicans claim that Social Security and Medicare need to be cut to avoid going bankrupt.
President Biden says he’ll veto any cuts to Social Security or Medicare.
If you get your news from CNN or The Washington Post, you’d think that’s the entire range of policy options open to Congress as it faces a rapidly approaching deadline over lifting the debt ceiling or defaulting on the federal debt.
What absolute nonsense.
Has anyone noticed that right now, nearly half of all seniors have no savings and are trying to survive on an income of less than $25,000 a year? Meanwhile, billionaire CEOs are paying the same amount into Social Security as school teachers and nurses.
By simply lifting the cap on the maximum amount of income subject to the Social Security payroll tax, we could increase Social Security benefits by $2,400 a year AND fully fund the program until the year 2096.
This proposal, which progressives like Bernie Sanders and Elizabeth Warren have touted for years, is supported by 8 in 10 Americans, but utterly ignored by the corporate media.
This is why independent media like Common Dreams is so crucial—and why Warren herself just this week pointed to Common Dreams as one of the top sources of news on Social Security.
