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Wednesday, June 26, 2019
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Letter to the Editor: Social Security
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A letter in the May 2 edition of the View advocated to save Social Security. I do not disagree with the sentiment, but am more than a little curious about the source of the data used to make the arguments.

Social Security funds are not placed in a mayonnaise jar for use only to pay our monthly checks. The money is borrowed by the government for its needs, but that money is owed back to the Social Security Trust Fund to be repaid as needed. It is not used up by the government for other purposes.

On the other hand, the money available to Social Security is limited by what is in the Fund account. The present danger to Social Security is not government spending, but rather insufficient contributions to the Fund.

There are some ideas to help such as removing the cap on contributions, but the real problem is fewer people paying in and more people receiving benefits as our population ages.

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The Greenhorn Valley View is a weekly newspaper serving the communities of the Greenhorn Valley in Southern Colorado,
including Colorado City, Rye, San Isabel, Beulah and Hatchet Ranch.

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