Sanders Says Social Security Not Going Broke

Jun 3, 2013

U.S. Sen. Bernie Sanders is hailing a new report out on the Social Security program as supporting his conclusion the program is not going broke.

Trustees of Medicare and Social Security reported Friday the programs have enough money to stay afloat until 2026 in the case of Medicare and 2033 in the case of Social Security.

Sanders says longer-term problems with the programs could be addressed by lifting the cap on payroll taxes on upper-income workers.

He says that currently, someone making $10 million a year contributes the same amount of money as someone making $113,700.