Patrick Wiesner on Social Security

	Patrick Wiesner on Social Security

Raise $180B for Trust Fund by mandated bond interest rates

A vital source of trust fund deposits is the interest earned on the US government bonds purchased when the Social Security has a surplus. Today, these earn about 3.3% interest per year. Twenty years ago, interest earnings were over 6.5%. As your Senator, I will draft the law that raises the Social Security bond interest earnings to a fixed 9.3%. Interest deposits to the trust funds will increase by $180 billion each year. This will replenish Social Security with enough reserves to carry the trust funds through the retirement of baby boomers and beyond.

My plan does not increase payroll tax rates. We won't need to raise the retirement age, reduce benefits, or incur more debt. Senators and House members will have to inform the lobbyists, special interests, and contractors that they will have to get their revenue from the private sector because the Social Security trust funds are short of money.

Source: 2016 Kansas Senate campaign website WiesnerForSenate.com , Aug 31, 2016

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