“Robbing” Social Security

Former Congresswoman Marjorie Taylor Greene claims that “Republicans” and “Democrats” have “robbed” Social Security, “which will lead to its bankruptcy.”

• IN FACT, politicians haven’t robbed SS but boosted it by dramatically increasing its tax revenues.
• Yet, SS is still facing insolvency due to its inherent flaws. 

Here are the specifics:

• During the Great Depression of the 1930s, Congress and Democrat President Franklin Delano Roosevelt enacted SS with an explicit promise that “the most you will ever pay” in taxes for the program is “3 cents on each dollar you earn, up to $3,000 a year.”
• Since then, various Congresses and Presidents have passed more than 15 laws to increase the payroll tax rate above that 3% promise and raise the maximum taxable wage faster than inflation...READ ALL!!!