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BREAKING: Sen. Ron Johnson Doubles Down on Threatening to Cut Social Security

Aug 19, 2022

BREAKING: Sen. Ron Johnson Doubles Down on Threatening to Cut Social Security

MADISON, Wis. — A new report revealed Ron Johnson is doubling down on his threats to cut Social Security and Medicare, programs that Wisconsins’ seniors have paid into for decades.

Key Points: 

  • When it comes to discussing problems with Social Security, Republican U.S. Sen. Ron Johnson isn’t backing down.
  • In fact, he is doubling down.
  • Weeks after saying Social Security and Medicare should be subjected to annual budget talks — a stance that caused political blow back from his foes — Johnson once again weighed into America’s signature social insurance program.
  • During a Thursday campaign stop in Rice Lake, Johnson said Social Security “was set up improperly” and that the system’s funds would have been better off invested in the stock market.
  • Social Security is often called “the ‘third rail ‘ of American politics —  touch it and you die.”
  • Even as experts focus on Social Security’s future, the program has stood the test of time.
  • Investing a portion of the Social Security Trust Fund into the stock market isn’t a new idea, but it has never been put into effect.
  • Critics have claimed investing in stocks would raise uncertainty given the inevitable dips in the market, plus they contend the government might wield too much influence overseeing such a large amount of money invested in stocks.

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