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How did Clinton balance the budget in the 90s? (lemmy.world)
submitted 1 month ago by to c/explainlikeimfive@lemmy.world
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[–] 2 points 1 month ago (1 child)

Agree. Removing the cap on SS income contributions is a better way.

The problem with contributing general funds is that then they could take from it for general funds. There is a reason why it's separate.

Most people get confused by how SS works and so we should be average when communicating about it.

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  • [–] 0 points 1 month ago

    But the shareholders and CEO's!!!

    Yeah. Removing the cap on SS is a pipe dream same as overturning Citizens United. Socialist ideals like those just aren't practical because eventually you run out of rich people to tax but they'll be eager as hell to cut social safety nets further and increase taxes on our incomes to pay only a small additional percentage of those obligations because they never consider that eventually you run out of middle class people to tax.

    People aren't stupid or ignorant to how SS works in my experience, they're apathetic to it. Theres a reason society snubbed Clintons pitch of using that budget surplus to cover SS costs and instead elected Duh-b-ya so they could get that fat tax refund "they earned."

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