And Sen. Joe Manchin wants to help them!
Social Security has nothing to do with the deficit. Social Security is totally funded by the payroll tax levied on employer and employee. If you reduce the outgo of Social Security, that money would not go into the general fund to reduce the deficit. It would go into the Social Security Trust Fund. So Social Security has nothing to do with balancing a budget or erasing or growing the deficit. — Former President Ronald Reagan
Sen. Joe Manchin provoked outrage Wednesday by suggesting congressional Democrats should agree to pursue changes to Social Security as part of a debt ceiling agreement with Republicans, an idea one advocacy group condemned as “negotiating with legislative terrorists.”
In an interview on Fox Business—conducted at the annual gathering of corporate and political elites in Davos, Switzerland—the West Virginia Democrat said that “we have a debt problem” and argued members of both parties should “work together” on solutions. The senator singled out Social Security, even though the program can’t by law add to long-term deficits…