We noted last week on these pages that our new study by CTUP scholars Casey Mulligan and EJ Antoni shows that Bidenomics has weakened Social Security and Medicare’s long-term solvency by roughly between $400 billion and $900 billion.
Voters must be reading the Hotline because a new poll by America’s New Majority Project of 1,000 registered voters (conducted by pollster Scott Rasmussen) finds a majority of Republicans and Democrats agree that a strong economy is the key to solving the multitrillion-dollar funding train wreck. Three times as many Americans (70%) think prosperity is a better solution than raising taxes by 11%.
As for HOW to grow the economy by a two-to-one margin, voters endorse lower taxes and less regulation as a sound strategy.
These results flatly contradict the Biden fiscal strategy of fixing Social Security by raising and expanding the reach of the 15.3% FICA payroll tax.