Navy veteran | Father | Independent Writer explaining U.S. budgets, inequality, and why “we can’t afford it” is a myth

Joined September 2020
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Social Security does not add to the national debt. It is even prohibited by law from borrowing money. Politicians who talk about cutting or changing Social Security to address the debt are lying to you. Here is how Social Security funding works: Social Security is funded by payroll taxes. When more money comes in from payroll taxes than benefits that need to be paid out, Social Security is obligated to invest the surplus in Treasuries. Treasuries are bonds. Governments and corporations issue bonds to generate money. A bond is a loan from the purchaser to the issuer. A bond has a principal, a maturity date, and an interest rate. The principal is the value of the bond. When you buy a bond, you pay the principal. When the bond reaches its maturity date, the issuer is required to pay the principal back to the holder. The interest rate is the amount the issuer pays to the bondholder. It is similar to how, when you take out a 30-year mortgage, you agree to a repayment schedule and to pay interest until the loan is repaid. As Treasuries mature, if Social Security doesn't need that extra money, it rolls them over by buying new Treasuries. When Social Security needs more money to cover benefits, it cashes out Treasuries. The federal government has had a deficit for the past 25 years. This means that when it has to meet its obligations, it needs to borrow money. This is how people claim that Social Security adds to the debt. That is ridiculous. Companies and countries buy US Treasuries. You and I can buy them. Anyone holding a Treasury when it matures isn't increasing the debt. The government’s unbalanced budget is causing the debt. Cutting Social Security will do nothing to get the US out of debt, but it would create hardship for millions of Americans. Social Security currently has a shortfall, primarily because people are living longer and the large Boomer generation is retiring. In 1960, there were 5.1 people paying into Social Security. Today, there are only 2.7. The trust fund from past surpluses is keeping it afloat, but it is running out. The easiest way to address the shortfall is to remove the tax cap on Social Security. Benefits do not have to be increased to do this. This is exactly what was done for Medicare in 1993. The tax cap was removed, and benefits weren't increased to better fund the program.
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Elon Musk came from privilege, including attending elite private schools and receiving a loan from his father to start his first business. Donald Trump was born into extreme wealth. He personally was a millionaire by age eight. He was given partial ownership of an apartment building before graduating from high school. This isn't about shaming someone for being born privileged. The point is that they won the generational lottery. That privilege helped them obtain success. Over 500,000 US children are born into poverty each year. 34% of children born into poverty are still in low-income households when they reach the age of 30. The point people are making isn't that someone who becomes very rich is a bad person. It is that a system allowing one person to amass astronomical wealth while millions struggle to survive with no wealth at all is broken. The truth that many don't want to face is that not everyone has the same opportunities. If you want people to pick themselves up by their bootstraps, then they need a solid foundation to stand on. That means ensuring jobs pay a livable wage so that work pays the bills. It means providing universal Pre-K to all children to give them a solid start and then free college, job training, and apprenticeships so that everyone can gain the skills needed to get ahead. It means guaranteeing affordable healthcare for all so that an accident or illness doesn't force someone into debt or joblessness. We can solve poverty and unnecessary hardship. Doing so not only helps the people facing it, but it also brings greater prosperity to the entire nation. It is time for change.
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Jared Ryan Sears retweeted
Replying to @Crazyhorse588
The statement is not that poverty is Musk's fault. It is that the system is so broken that one individual has an astronomical amount of wealth while millions have none at all, millions don't earn enough to keep food on the table, and millions can't even afford to see a doctor or buy medicine.
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1 Trillionaire. 27 million uninsured. 36 million in poverty. 45 million relying on food assistance. 60 million full-time workers are not paid a livable wage. This is not sustainable. America needs change.
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🔸Scrap the Social Security tax cap. 🔸Increase the federal minimum wage to $23 an hour over the next 5 years. 🔸End Citizens United. 🔸End the tax loopholes and write-offs that allow corporations and billionaires to pay a lower effective tax rate than teachers and firefighters. 🔸Tax long-term capital gains as regular income. Trigger capital gains tax on loans against unrealized gains.
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Jared Ryan Sears retweeted
Replying to @SpeakerJohnson
Speaker Johnson is going out of his way to say that Democrats blocked warrantless spying on American citizens. Between that and Trump saying he loves the current inflation, Republicans are working hard to lose the midterms.
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Last year, the richest 10% of Americans increased their wealth by $11 trillion. But we're told how horrible it would be to eliminate the Social Security tax cap to prevent the trust fund from running out in 2033, which will decrease benefits by 25% and push millions into poverty. Hard-working Americans need to get serious about electing a government that will work for them, instead of one that only works for corporations and billionaires.
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Another day of fighting in Iran. Another day of the media believing this administration when they say a deal is about to be reached. The short "excursion" that was said to be won on March 7th and drove inflation up to 4.2% is now in its 15th week. We've been told day after day for months that a deal is imminent. Nothing this administration ever says is fit to print. Endless lies wrapped in corruption.
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Trump: "I love inflation." "I don't think about Americans' financial situations. I don't think about anyone." "Affordability is a hoax."
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Inflation continues to rise, reaching 4.2% in May. Wage Gains are 3.4%, meaning workers are seeing their buying power decline by 0.8%. The dramatic rise in inflation is primarily because of the poorly planned illegal war in Iran that has no end in sight. Tariffs are another factor. Republicans directly caused the poor economy and worsening struggles of hardworking Americans.
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How about now?
Is it finally clear to those who have been defending Trump's actions in Iran that he has lost control of the war he started and cannot find a way out? Will the media that has been so quick to repeat every week for the past 14 weeks that a peace deal will happen "soon" finally treat everything this administration says as a lie until proven otherwise? Or will we turn around tomorrow and pretend Trump is a master negotiator on the verge of achieving an amazing deal to end this illegal war when both Iran and Israel are ignoring him completely?
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Social Security does not add to the national debt. It is even prohibited by law from borrowing money. Politicians who talk about cutting or changing Social Security to address the debt are lying to you. Here is how Social Security funding works: Social Security is funded by payroll taxes. When more money comes in from payroll taxes than benefits that need to be paid out, Social Security is obligated to invest the surplus in Treasuries. Treasuries are bonds. Governments and corporations issue bonds to generate money. A bond is a loan from the purchaser to the issuer. A bond has a principal, a maturity date, and an interest rate. The principal is the value of the bond. When you buy a bond, you pay the principal. When the bond reaches its maturity date, the issuer is required to pay the principal back to the holder. The interest rate is the amount the issuer pays to the bondholder. It is similar to how, when you take out a 30-year mortgage, you agree to a repayment schedule and to pay interest until the loan is repaid. As Treasuries mature, if Social Security doesn't need that extra money, it rolls them over by buying new Treasuries. When Social Security needs more money to cover benefits, it cashes out Treasuries. The federal government has had a deficit for the past 25 years. This means that when it has to meet its obligations, it needs to borrow money. This is how people claim that Social Security adds to the debt. That is ridiculous. Companies and countries buy US Treasuries. You and I can buy them. Anyone holding a Treasury when it matures isn't increasing the debt. The government’s unbalanced budget is causing the debt. Cutting Social Security will do nothing to get the US out of debt, but it would create hardship for millions of Americans. Social Security currently has a shortfall, primarily because people are living longer and the large Boomer generation is retiring. In 1960, there were 5.1 people paying into Social Security. Today, there are only 2.7. The trust fund from past surpluses is keeping it afloat, but it is running out. The easiest way to address the shortfall is to remove the tax cap on Social Security. Benefits do not have to be increased to do this. This is exactly what was done for Medicare in 1993. The tax cap was removed, and benefits weren't increased to better fund the program.
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A slight omission. It should have said: In 1960, there were 5.1 people paying into Social Security for each beneficiary.
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If you would like more detail on Social Security funding, including information on the claim that the federal government raided the trust funds in the past, or that its funding isn't separate because the government releases a unified budget, here is a link to a free article: theprogressivecapitalist.com…
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As a reminder to Republican politicians, Trump started this war. Trump started this illegal war on false pretenses after tearing up the nuclear agreement in his first term and has absolutely no clue what he is doing.
President Trump has given Iran every opportunity for peace. But Iran continues choosing to threaten America and Israel. Don’t mess with the USA 🇺🇸
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Jared Ryan Sears retweeted
Replying to @SpeakerJohnson
Workers are losing in Trump's America. Average wage gains are lagging inflation. They're losing buying power. 60,000 blue-collar jobs have been lost since Trump took office. 2025 and 2026 combined have averaged around 40,000 jobs created per month. Combined, 2023 and 2024 averaged over 165,000 per month. Inflation is high, jobs are scarce, wages are losing ground, credit card delinquencies are rising, and personal savings have cratered. Republicans destroyed the economy for workers.
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This administration cut animal monitoring programs and staff at the USDA, and now American cattle are being infected with screwworms. They cut programs for early detection and response for outbreaks overseas that were designed to prevent them from reaching the US. Now, there is a serious, fast-spreading Ebola outbreak in Africa. Republicans stoked vaccine skepticism for years and chose a conspiracy theorist to be Secretary of HHS. Now, measles, a disease previously declared eliminated in the US, is spreading. Last year there were 2,288 cases, the most since 1991, and there have already been 2,030 cases this year. Ocean and weather monitoring has been cut. NOAA and FEMA have had cuts. Hurricane season is beginning. We're entering wildfire season amid record dry conditions and 35% fewer acres treated for fire prevention. This administration is putting America at greater risk with cuts to critical programs, and for what? Bigger tax breaks for corporations and the wealthy while the deficit and debt rise faster than before?
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Is it finally clear to those who have been defending Trump's actions in Iran that he has lost control of the war he started and cannot find a way out? Will the media that has been so quick to repeat every week for the past 14 weeks that a peace deal will happen "soon" finally treat everything this administration says as a lie until proven otherwise? Or will we turn around tomorrow and pretend Trump is a master negotiator on the verge of achieving an amazing deal to end this illegal war when both Iran and Israel are ignoring him completely?
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I guess we're going with the "on the verge" of peace nonsense. x.com/i/status/2063933028355…

🚨Trump on Truth Social: Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on “Peace” are proceeding, subject to ignorance or stupidity getting in its way. The Blockade will remain in place, and in full force and effect, until a “Final Deal” is reached. Things should move quickly. Thank you for your attention to this matter!
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Trump said: He wouldn't start new wars. We're 15 weeks into a new war started on false pretenses that was supposed to be a short "excursion". He would bring down grocery prices. Overall, grocery prices are higher today than when he took office. He would make gas cheaper. It has been over $4 for months. Tariffs would make us rich. They cost the average household $1,500 last year and are now being refunded to corporations because they were illegal. He would bring down inflation. It is not only higher than when he took office, but it is also outpacing wage gains, worsening the struggles of hardworking Americans. He would cut energy costs in half. Electricity has risen by 10% since he took office, and overall consumer energy costs have risen 23% He would create jobs, but job creation has fallen dramatically since he took office, and 60,000 blue-collar jobs have been lost. Trump is the biggest failure of a president that America has ever had, and a compulsive liar.
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Marjorie Taylor Greene voted against a bill that allowed stem cell treatments for patients with blood diseases including leukemia. But she had no problem flying to Mexico to get anti-aging stem cell treatments.
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