Bankrupt president

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Can’t imagine there are many readers here who don’t also read Josh Marshall, but nonetheless, read this post again, even if you’ve already seen it. The president claims that the Social Security Trust Fund, paid for by payroll taxes on ordinary workers, is nothing but a bunch of “mere IOU’s.” But on the president’s watch, the government has happily allowed workers to fork over payroll taxes that Bush himself claims will never be paid back. How much? $700 billion since 2001. That’s $700 billion worth of Social Security taxes that the president will take from everyone and then claim he never has to pay back, ever. So much for “personal responsibility,” no?

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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