Thursday, July 13, 2017

Social Security is Not Going Broke

Republicans like to pretend that their long-held desire to cut Social Security is based on economic concerns about affordability. They hide behind deficit fear-mongering to cover their ideology that when it comes to our retirement security, or a disability, or the loss of a loved one―we’re on our own. But this ideology isn’t about economics. It’s just cruel—and the numbers back this up.

The new Social Security Trustees report―released today―shows a program that is strong and growing. It projects that, even if Congress took no action whatsoever, Social Security could pay 100% of benefits owed through 2034, and 77% of benefits owed after that.

And if the wealthy pay their fair share, and we can afford to expand Social Security and extend the lifespan of the trust fund.

Sign the petition today! Tell Congress that the numbers don’t lie. We can afford to protect and expand Social Security.

This year’s report projects that in 2017 Social Security will run an annual surplus of roughly $58.6 billion, bringing the accumulated surplus to about $2.9 trillion by the end of the year.

This is why the Democratic Party strongly favors expanding, not cutting Social Security, and why expansion was even included in the 2016 Democratic Party Platform:

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