Bernie Sanders Sets The Record Straight On Social Security

Far and away my favorite Senator.  And as a side note: it's striking how much damage that two families (the Kochs and the Waltons) have done to this country in the last forty years with their relentless, all-consuming greed.  They won't rest until all of us live in penury, existing only at their whim.

The Koch brothers, Pete Peterson and other billionaires are spending huge amounts of money trying to cut Social Security and other vitally important federal programs. As part of this campaign, an enormous amount of misinformation is floating around. Let me try to set the record straight by answering a few of the questions that people are asking my office. Is Social Security "going broke"? No! Social Security is not going broke. According to the Social Security Administration, the Social Security Trust Fund has a surplus today of $2.8 trillion. This sum, plus revenue that comes in every day, can pay out every benefit owed to every eligible American for the next 20 years. In 2033, unless Congress acts, Social Security will be able to pay out only 75 percent of benefits owed. Congress must act and make Social Security strong for the next 50 to 75 years.