Quote (& Chart) Of The Day
From Ezra Klein:
“The revenue loss over the next 75 years just from extending the tax cuts for people making over $250,000 — the top 2 percent of Americans — would be about as large as the entire Social Security shortfall over this period,” write Kathy Ruffing and Paul N. Van de Water at the Center on Budget and Policy Priorities. “Members of Congress cannot simultaneously claim that the tax cuts for people at the top are affordable while the Social Security shortfall constitutes a dire fiscal threat.”
There are a whole host of issues with this approach, but I might consider this option… AS LONG as we change the name from “Social Security” to “Welfare From The Rich To Old People”.
Might as well call it what it is, right? Trying to refer to this program as “insurance” is getting tired.