On the recordSeptember 11, 2024
the solution here is to really kind of break with the original concept of this being a you pay into the system and you get what you pull out.
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congress.govthe solution here is to really kind of break with the original concept of this being a you pay into the system and you get what you pull out.
Johnson critiques the current Social Security system's deviation from its original intent.
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anybody who has just hit like $100,000, I mean the maximum. What is the maximum amount of earnings right now subject to the tax?
We have got to solve a problem. The trouble is there is no Reagans or Tip O'Neills in Washington right now.
So certainly a solution is not more deficit spending. That would exacerbate the problem.
the solution here is to really kind of break with the original concept of this being a you pay into the system and you get what you pull out.