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?

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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