is an SWF a good way of securing solvency for Social Security? bipartisan senate group in talks

[butters]

Congress and President Joe Biden have been scrambling to address Social Security's impending insolvency.

But a group of bipartisan lawmakers may have come up with a compromise in the form of a sovereign wealth fund (SWF) — something that the United States does not currently have at the federal level. SWFs are typically investment funds owned by the government, according to the Federal Reserve. In this case, such investments would be used to fund Social Security payments.

https://www.msn.com/en-us/news/poli...1&cvid=b57fdfc0991948caedd86133beaa6c2c&ei=67

with an age rise and potential to increase payroll taxes if measures fail at times. at least they're talking

 

[Chobham]

No way!!!!!

While the notion sounds good on the surface the devil is in the details. No matter which party is in power they are going to put their fingers on the investment scale and quite frankly neither party are worthy of that sort of trust. Just one more political football for the various parties to kick around and beat each other up with. In other words the parties will act in their own self interest, not in the interest of the people.

 

[JohnnySavage]

The way to make SS solvent, is to simply remove the cap on payroll contributions.

 

[colddiesel]

The way to make SS solvent, is to simply remove the cap on payroll contributions.

That is the option strongly favoured by Elizabeth Warren and Bernie Sanders . Given their respective records for total innumeracy, there will obviously be too many caveats attached to any nonsense from those two clowns. The SWF idea is interesting, not least because it is being promoted by a Republican and an Independent; it will probably get bogged down in partizan quarrels, but at least some Senators are giving co-operation a shot.

 

[RobDownSouth]

The way to make SS solvent, is to simply remove the cap on payroll contributions.

^^ a rare moment of lucidity from hillbilly Johnny, who sees the possibility of a reduction in his monthly government welfare check as a clear 'n present danger to his ability to put "food on his family".

 

[JohnnySavage]

^^ a rare moment of lucidity from hillbilly Johnny, who sees the possibility of a reduction in his monthly government welfare check as a clear 'n present danger to his ability to put "food on his family".

Lately, you've been trying oh so hard to get my attention.

You're a lit hat-trick though: A racist, a bigot and a troll. I'm not interested in being chums with you.

 

[RobDownSouth]

Lately, you've been trying oh so hard to get my attention.

You're a lit hat-trick though: A racist, a bigot and a troll. I'm not interested in being chums with you.

If "trying so hard to get my attention" is the West Virginia equivalent of "mocking your continual pearl clutching" then I wholeheartedly agree.

And "a racist, a bigot and a troll" is some BoBo-class projection. Be better, Hillbilly Johnny,