Either House Majority Leader Eric Cantor doesn't understand how Social Security works or he doesn't care.
Just hours after President Obama said that Social Security cuts and privatization are off the table, Cantor said that Social Security had to be cut to balance the budget. But here's the thing: Social Security does not and never has added a single dime to the federal deficit.
Let me try to explain this to Mr. Cantor. Social Security is paid for through the payroll tax. Currently, the payroll tax raises way more money than Social Security pays out and things are projected to keep going this way for another couple of decades.
The wars in Iraq and Afghanistan? They add to the deficit. Tax breaks for billionaires? They add to the deficit. Subsidies for big oil? They add to the deficit. Bailing out Mr. Cantor's friends on Wall Street when they make a bunch of shady deals, cause a financial crisis and almost ruin the world economy? That adds a lot to the deficit.
Simply put, Social Security will run a surplus for decades. The rest of the budget runs a deficit. So, why are we even talking about Social Security?
Here's why: Eric Cantor and his right-wing friends want to destroy the program. That's the only reason we're having this conversation. Join me now and let's send Eric Cantor and other members of Congress a message Keep Social Security safe, stable and secure.
Eric Cantor's comments aren't anything new. Right-wing Republicans have been trying to tear down Social Security for generations. It's the holy grail of the right-wing.
Now Republicans are playing with fire — they're threatening to shut down the government. They're holding the debt ceiling hostage. They'll do whatever it takes to put cutting Social Security on the table.
But America is a community. We stand up for one another — including our seniors. That's why DFA has launched it's biggest campaign ever to push back against the right-wing lies and spin and to push a real solution to keep Social Security safe, stable and secure forever.
See, right now people like Mitch McConnell and Sarah Palin don't pay the same percentage of their income into Social Security that most Americans do — and big surprise — neither does Eric Cantor. That's because the tax is capped at $106,800, but most Americans don't know it. All we need to do is scrap the cap and make the payroll tax fair and equal for everyone to keep Social Security safe, stable and secure.
When we stand up for our values of community, security and liberty, America wins.