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Reply to "Why do Republicans want more debt? Is $37T not enough?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.cbo.gov/publication/61255 It doesn’t seem like their intended cure to SS, Medicare and Medicaid are enough to put a dent in this projection: “CBO estimates that if provisions of the 2017 tax act were extended and there were no other changes to fiscal policy, debt held by the public would reach 214 percent of GDP in 2054, 47 percentage points higher than in the long-term baseline projections. If interest rates also increased each year until they were higher by 1 percentage point (before accounting for macroeconomic effects), debt held by the public would grow even larger, exceeding 250 percent of GDP in 2054.”[/quote] Why can't they just abolish the social security cap? I make more than the current cap. I'm happy to pay more. It doesn't hurt one bit. That's an easy change that could help shore up social security.[/quote]Social Security is not supposed to be a welfare program, but a pension program.[/quote]
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