Monday, March 13, 2023

Social security going broke

There was another republican senator on Morning Joe decrying the fact that the social security fund will have to make a 25% cut in benefits in 7 years if something isn't done today. Sounds like the climate change people. He then went on to criticize Biden's do nothing approach saying Biden has his head in the sand. What he and many republicans fail to understand that Biden's plan is simple and straight forward and no cuts to social security will occur. The Fed will just print the money to cover the short fall. This is the way that Modern Monetary Theory works.

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