Wednesday, February 22, 2012
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A hilarious, locally produced video by the Economic Opportunity Institute and Social Security Works-Washington. Social Security’s trust fund has a $2.6 trillion surplus right now, which is enough to pay everyone’s benefits in full for another 25 years. But some politicians with an agenda to undermine the program insist that Social Security is going broke. The reality is that Social Security would pay full benefits forever — for current retirees, their children, their children’s children, and so on — if millionaires simply paid the same Social Security tax rate as most others. That’s why the video advocates: “Just Scrap the Cap!”


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