Would the Republicrats approve raising the income-rate that the wealthy enjoy regarding Social Security?
You see- the maximum income taxed SS/FICA is $106800- if you made (yeah right) say $1-million- you would only pay SS taxes on $106.8k of that $1-mil.
If you make $10-million a year- you'd STILL only pay SS/FICA based on $106.8k of your income.
Social Security is going broke ONLY because the Federal government has used ("borrowed") the excess SS taxes for everything else- including foreign aid and the bloated defense budget.
If the Fed paid Social Security BACK all that it has borrowed- the SS fund would be fine- but the pollys in DC don't want to do that.
Or raise SS/FICA or ANY tax rates on the wealthy- like even billionaire Warren Buffet has suggested.
America can't continue to spend- spend- spend- but the government can't continue to turn to the Social Security fund to borrow- borrow- borrow.
Failure to give the lower and middle-income earners some sort of REAL relief in this Recession/Depression WILL result in really dark times ahead for many Americans (and hopefully- the pro-corporate/wealthy Republicrat Party).