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(CNSNews.com) – D.C. Delegate Eleanor Holmes Norton, who can vote in congressional committees but not on final legislation, told CNSNews.com that raising taxes is “on the table” as a means to pay for the $7 trillion Social Security budget shortfall.
“The federal government for years has been borrowing the surpluses in the Social Security trust funds and other similar funds and using them to finance federal government costs which has created $7 trillion in unfunded liabilities," it said.
“We know that [privatization] drives -- takes away money from Social Security, but everything else is on the table."
Originally posted by Johnmike
So we aren't allowed to privatize it and exert our own control over our own money, but to pay for the money we have to beg to get back, they're going to raise our taxes even more?
Thanks, U.S. Congress. Spending our money for us since the late 1930's.