Political discussions about everything
By snakeoil
#117967
I often wondered why the GOP wants to abolish one of the most loved programs in the US. this site explains it well.

https://www.thebalance.com/who-owns-the ... bt-3306124

Plus this. We often paint China as the one who owns allof the debt.
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[code][quote]In April 2019, China owned $1.11 trillion of U.S. debt. It's the largest foreign holder of U.S. Treasury securities. The second largest holder is Japan at $1.06 trillion. Both Japan and China want to keep the value of the dollar higher than the value of their currencies. That helps keep their exports affordable for the United States, which helps their economies grow.[/quote]
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By johnforbes
#117974
What GOP legislator or governor or senator has said they want to abolish Social Security?

If I were to reform it, I'd allow -- on a volitional basis -- younger people to invest up to 10 percent of it in the stock market.

But nobody wants to abolish it.
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