Jodey Arrington Leads House Ways And Means Committee Hearing On Social Security & Medicare Solvency

The House Ways and Means Committee holds a hearing on Social Security and Medicare solvency.
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[@garymartin9777]

the '83 reforms raised the FICA tax, pushed back full retirement age, started income tax on some SS benefits and started payroll tax on all federal employees. Pay more, get less.

[@leonlenaghen8157]

Return the money you all took out of the disability funding

[@lawrencearmstrong8957]

Not one politician will tell the American people that social security FICA tax is not a benefit. The fact of the matter is no one, no one is legally entitled to that money!!

[@sapereaude616]

How do people collect SS without ever paying into it or having 40 points.

[@thomascope2119]

Id be happy with 2.5% raise for 2025.

[@stroodle1100]

We shouldn't even be having a discussion about SSI with all that money we sending overseas for funding foreign wars it's like a slap in the face to tax payers..🎉🎉🎉🎉🎉

[@garymartin9777]

Mr. Goss of SSA seems to imply there is $2.8T cash in the OASI trust fund. This is incorrect. There is not one red cent of cash in the trust fund because by law all SS revenues are invested in short term and long term special issue bonds. The cash ends up in the general fund and has long ago been spent on all general budget items. SSA might regard the bonds as cash because it doesn't have to produce cash to redeem them-- the taxpayers do.

[@jerryburden4525]

Benefits and COLA are both FAR TO LOW TO SURVIVE!

[@garymartin9777]

"SS doesn't add to the national debt." Not directly, but indirectly it does. Special issue bonds in the trust funds (SS & MC) must be redeemed for cash to pay beneficiaries. If the treasury does not have cash to make the redemption, general obligation bonds must be sold to raise that cash. GO bonds always incur higher interest rates than special issue bonds which have a favorable interest rate set by Congress.