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View Diary: Understand The Right's Attack On Social Security (13 comments)

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  •  It is all about taxes (4+ / 0-)
    Currently the program has built up a huge trust fund -- over $2.5 trillion.  This is invested in US Treasury Bonds
    Therein lies the problem as righties see it.  It takes cash from the general fund to redeem the bonds to make the SS payments above what the SS tax brings in.  It takes taxes (or borrowing) to get the cash.  Lowering the payout means no redemption of the bonds means no tax increases.

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