Repubicns killing social Security.
Republicans Move To Gut Social Security Benefits on Their First Day in Power
by
DartagnanFollow .
333 Comments / 333 New
.
Dear Americans: this is what you got when you skipped out on voting last November:
Republican opponents of Social Security have not wasted even a single day in their plan to dismantle Social Security brick by brick. What should be a dry, mundane exercise -- the adoption of new rules by the newly convening House of Representatives -- has turned into a stealth attack on America's working families.
As one of their first orders of business, the House Republicans approved a rule preventing routine reallocation of Social Security funds to those men, women and children who receive Social Security Disability, unless such a reallocation is accompanied by either benefit cuts or tax increases:
The House on Tuesday passed legislation laying out parliamentary rules for the year. The bill included a little-noticed provision blocking Congress from shifting funds to prevent a 2016 shortfall in Social Security's disability insurance program.
The Social Security Administration's actuaries have projected that the disability insurance program's trust fund will run out of money next year, resulting in a 20 percent benefit reduction for nearly 11 million Americans.
Because the Republicans will never agree to raise taxes (specifically on high-income earners or corporations), what that does is set the stage for benefit cuts in the coming two years. Because the disability trust fund is set to run dry next year, allowing the program to collect payroll taxes sufficient to pay only about 80% of benefits. In real-world terms, that means those eleven million people who receive SS Disability will likely see their benefits cut as much as 20% by the Republican Party.
Such reallocations are part of the normal course of administering the Social Security Trust fund and have occurred eleven times since 1968. There is nothing "unusual" about the reallocation procedure. What is unusual is a Congress occupied by fanatics who couldn't care less about the needs of ordinary Americans:
Reallocating the income, however, would keep both the old-age and disability programs solvent until at least 2033, giving Congress plenty of time to assess the programs' needs and work out a long-term fix.
Advocates for Social Security are nothing less than horrified at what the Republicans have done, and what it portends for the future of Social Security under a GOP Congress:
Social Security advocates are almost universally aghast at the change. "It is hard to believe that there is any purpose to this unprecedented change to House rules," wrote Max Richtman, president of the committee, in an open letter Tuesday, "other than to cut benefits for Americans who have worked hard all their lives, paid into Social Security and rely on their Social Security benefits, including Disability Insurance, in order to survive."
The rule change reflects the burgeoning demonization of disability recipients, a trend we've reported on in the past. it's been fomented by conservative Republicans and abetted by sloppy reporting by institutions such as NPR and "60 Minutes."
The "demonization" of those receiving Disability payments is part of the broader overall GOP strategy of shifting money out of Social Security to pay for the Republicans' main priority--tax cuts for corporations and multi-millionaires. It's telling that both the new rule effectively preventing reallocation of Social Security Funds was included in the same piece of legislation that favorably altered the way the GOP's tax cuts for the rich can be scored and accounted for in the budget process. Either way, it boils down to the Republicans declaring war on middle class Americans, to pay for tax cuts for the wealthiest.
And anyone who doesn't think this sets the stage for further cuts to retirees is whistling past the graveyard:
Sen. Sherrod Brown (D-Ohio) sharply criticized the measure in a Tuesday statement that argued shifting Social Security funds from retirement insurance to disability insurance has been routine in the past.
Reallocation has never been controversial, but detractors working to privatize Social Security will do anything to manufacture a crisis out of a routine administrative function, Brown said. "Rather than solve the short-term problems facing the Social Security Disability program as we have in the past, Republicans want to set the stage to cut benefits for seniors and disabled Americans."
I agree BS is too kind. The Dems have voted in taxes and more taxes. Refused to pay down the national debt and gave freebies to the non-workers just for their votes. They have damaged our Social Security and all Seniors are suffering. Try buying drugs that you need to live. Drugs have double and generic is as much as regular drugs.
If Congress does nothing - makes no changes or "reforms" - Social Security is projected to deliver full guaranteed benefits until at least 2037. Even after 2037, again without any changes, the trust funds will continue to pay 76 percent of benefits for years after that.
I believe your dreaming!
Glaucon wrote:
Republicans Move To Gut Social Security Benefits on Their First Day in Power
by
DartagnanFollow .
333 Comments / 333 New
.
Dear Americans: this is what you got when you skipped out on voting last November:
Republican opponents of Social Security have not wasted even a single day in their plan to dismantle Social Security brick by brick. What should be a dry, mundane exercise -- the adoption of new rules by the newly convening House of Representatives -- has turned into a stealth attack on America's working families.
As one of their first orders of business, the House Republicans approved a rule preventing routine reallocation of Social Security funds to those men, women and children who receive Social Security Disability, unless such a reallocation is accompanied by either benefit cuts or tax increases:
The House on Tuesday passed legislation laying out parliamentary rules for the year. The bill included a little-noticed provision blocking Congress from shifting funds to prevent a 2016 shortfall in Social Security's disability insurance program.
The Social Security Administration's actuaries have projected that the disability insurance program's trust fund will run out of money next year, resulting in a 20 percent benefit reduction for nearly 11 million Americans.
Because the Republicans will never agree to raise taxes (specifically on high-income earners or corporations), what that does is set the stage for benefit cuts in the coming two years. Because the disability trust fund is set to run dry next year, allowing the program to collect payroll taxes sufficient to pay only about 80% of benefits. In real-world terms, that means those eleven million people who receive SS Disability will likely see their benefits cut as much as 20% by the Republican Party.
Such reallocations are part of the normal course of administering the Social Security Trust fund and have occurred eleven times since 1968. There is nothing "unusual" about the reallocation procedure. What is unusual is a Congress occupied by fanatics who couldn't care less about the needs of ordinary Americans:
Reallocating the income, however, would keep both the old-age and disability programs solvent until at least 2033, giving Congress plenty of time to assess the programs' needs and work out a long-term fix.
Advocates for Social Security are nothing less than horrified at what the Republicans have done, and what it portends for the future of Social Security under a GOP Congress:
Social Security advocates are almost universally aghast at the change. "It is hard to believe that there is any purpose to this unprecedented change to House rules," wrote Max Richtman, president of the committee, in an open letter Tuesday, "other than to cut benefits for Americans who have worked hard all their lives, paid into Social Security and rely on their Social Security benefits, including Disability Insurance, in order to survive."
The rule change reflects the burgeoning demonization of disability recipients, a trend we've reported on in the past. it's been fomented by conservative Republicans and abetted by sloppy reporting by institutions such as NPR and "60 Minutes."
The "demonization" of those receiving Disability payments is part of the broader overall GOP strategy of shifting money out of Social Security to pay for the Republicans' main priority--tax cuts for corporations and multi-millionaires. It's telling that both the new rule effectively preventing reallocation of Social Security Funds was included in the same piece of legislation that favorably altered the way the GOP's tax cuts for the rich can be scored and accounted for in the budget process. Either way, it boils down to the Republicans declaring war on middle class Americans, to pay for tax cuts for the wealthiest.
And anyone who doesn't think this sets the stage for further cuts to retirees is whistling past the graveyard:
Sen. Sherrod Brown (D-Ohio) sharply criticized the measure in a Tuesday statement that argued shifting Social Security funds from retirement insurance to disability insurance has been routine in the past.
Reallocation has never been controversial, but detractors working to privatize Social Security will do anything to manufacture a crisis out of a routine administrative function, Brown said. "Rather than solve the short-term problems facing the Social Security Disability program as we have in the past, Republicans want to set the stage to cut benefits for seniors and disabled Americans."
Republicans Move To Gut Social Security Benefits o... (
show quote)
Glaucon is always entertaining. Unlike Forrest Gumps world renowned box of chocolates, you always know what your going to get with Glaucon's box of bullshit.
missinglink wrote:
Glaucon is always entertaining. Unlike Forrest Gumps world renowned box of chocolates, you always know what your going to get with Glaucon's box of bullshit.
SS and Medicare will go bankrupt and Democrats will find a way to blame Republicans. It is like the tide coming in. Predictable as Obama lying when in front of a microphone.
Glaucon wrote:
Republicans Move To Gut Social Security Benefits on Their First Day in Power
by
DartagnanFollow .
333 Comments / 333 New
.
Dear Americans: this is what you got when you skipped out on voting last November:
Republican opponents of Social Security have not wasted even a single day in their plan to dismantle Social Security brick by brick. What should be a dry, mundane exercise -- the adoption of new rules by the newly convening House of Representatives -- has turned into a stealth attack on America's working families.
As one of their first orders of business, the House Republicans approved a rule preventing routine reallocation of Social Security funds to those men, women and children who receive Social Security Disability, unless such a reallocation is accompanied by either benefit cuts or tax increases:
The House on Tuesday passed legislation laying out parliamentary rules for the year. The bill included a little-noticed provision blocking Congress from shifting funds to prevent a 2016 shortfall in Social Security's disability insurance program.
The Social Security Administration's actuaries have projected that the disability insurance program's trust fund will run out of money next year, resulting in a 20 percent benefit reduction for nearly 11 million Americans.
Because the Republicans will never agree to raise taxes (specifically on high-income earners or corporations), what that does is set the stage for benefit cuts in the coming two years. Because the disability trust fund is set to run dry next year, allowing the program to collect payroll taxes sufficient to pay only about 80% of benefits. In real-world terms, that means those eleven million people who receive SS Disability will likely see their benefits cut as much as 20% by the Republican Party.
Such reallocations are part of the normal course of administering the Social Security Trust fund and have occurred eleven times since 1968. There is nothing "unusual" about the reallocation procedure. What is unusual is a Congress occupied by fanatics who couldn't care less about the needs of ordinary Americans:
Reallocating the income, however, would keep both the old-age and disability programs solvent until at least 2033, giving Congress plenty of time to assess the programs' needs and work out a long-term fix.
Advocates for Social Security are nothing less than horrified at what the Republicans have done, and what it portends for the future of Social Security under a GOP Congress:
Social Security advocates are almost universally aghast at the change. "It is hard to believe that there is any purpose to this unprecedented change to House rules," wrote Max Richtman, president of the committee, in an open letter Tuesday, "other than to cut benefits for Americans who have worked hard all their lives, paid into Social Security and rely on their Social Security benefits, including Disability Insurance, in order to survive."
The rule change reflects the burgeoning demonization of disability recipients, a trend we've reported on in the past. it's been fomented by conservative Republicans and abetted by sloppy reporting by institutions such as NPR and "60 Minutes."
The "demonization" of those receiving Disability payments is part of the broader overall GOP strategy of shifting money out of Social Security to pay for the Republicans' main priority--tax cuts for corporations and multi-millionaires. It's telling that both the new rule effectively preventing reallocation of Social Security Funds was included in the same piece of legislation that favorably altered the way the GOP's tax cuts for the rich can be scored and accounted for in the budget process. Either way, it boils down to the Republicans declaring war on middle class Americans, to pay for tax cuts for the wealthiest.
And anyone who doesn't think this sets the stage for further cuts to retirees is whistling past the graveyard:
Sen. Sherrod Brown (D-Ohio) sharply criticized the measure in a Tuesday statement that argued shifting Social Security funds from retirement insurance to disability insurance has been routine in the past.
Reallocation has never been controversial, but detractors working to privatize Social Security will do anything to manufacture a crisis out of a routine administrative function, Brown said. "Rather than solve the short-term problems facing the Social Security Disability program as we have in the past, Republicans want to set the stage to cut benefits for seniors and disabled Americans."
Republicans Move To Gut Social Security Benefits o... (
show quote)
why dont you give up, everyone knows you people lie.
missinglink wrote:
Glaucon is always entertaining. Unlike Forrest Gumps world renowned box of chocolates, you always know what your going to get with Glaucon's box of bullshit.
Thank you, one of the most factual statements of the decade. Thank you so very much.
Glaucon wrote:
Republicans Move To Gut Social Security Benefits on Their First Day in Power
You are a clueless f'n moron. Stick to the DC R&R forum.
Correct,,,,, everything glaucon touches either is, or turns to bullshit...
For all the drastic spending cuts in GOP Rep. Paul Ryan's proposed 2012 budget, there's one major government program that it barely touches: Social Security. Now Republicans in both houses of Congress are preparing to dig into that sacrosanct entitlement as well.
On Wednesday morning, shortly before Obama's big deficit speech, three Republican senators unveiled a plan to cut $6.2 trillion by paring back Social Security over the next two decades. Under a proposal unveiled by Sens. Lindsey Graham (R-S.C.), Rand Paul (R-Ky.), and Mike Lee (R-Utah), the qualifying age for Social Security would rise from 67 to 70 by 2032, while benefits for everyone earning more than an average of $43,000 over their lifetime would be reduced. Graham took pains to explain that he wasn't pushing for privatization but also slammed any tax increases to shore up Social Security, saying such a move would "destroy America." "It's much better to give up benefits on the end side than pay taxes now," he explained.
Oh, the horror.
Just a short copy and paste from one of these 'vile' amendments;
SECTION 1. PROTECTION OF THE SOCIAL SECURITY AND MEDICARE TRUST FROM THE PUBLIC DEBT LIMIT.
1) no officer or employee of the United States may--
(A) delay the deposit of any amount into (or delay
the credit of any amount to) the Federal Old-Age and
Survivors Insurance Trust Fund, the Federal Disability
Insurance Trust Fund, or the Federal Hospital Insurance
Trust Fund or otherwise vary from the normal terms,
procedures, or timing for making such deposits or
credits
Yeah, I'm sure Democrats find it outrageous that Republicans are trying to make sure SSOI & SSDI recipients get their checks before anything with the National Debt is taken into consideration.
There are a lot of good things in the list of bills the Socialist pig posted that make it clear which party is trying to protect SS and which party is out to destroy it. No doubt Socialist was attempting to make Republicans look bad, but if you read through all the bills he posted, it becomes clear he never read any of them. Just another cut and paste hack job from the clueless left.
go ahead an count the socialist batman and nikolai halfwits in too!!
Antisocialist wrote:
Morons like Glaucon are so far out of touch with reality that they should not be allowed to speak publicly. Just as drunks are prohibited from driving, stupid people be prohibited from speaking.
Morons like Glaucon read these Libtard websites and copy and paste their propaganda. They dont research anything and are incapable of accepting facts. It is because of morons like Glaucon that Social Security is being gutted right now and is being done so by Liberals, not Republicans.
Here are the facts as reported by the CBO;
CBO projects that under current law, the DI trust fund will be exhausted in fiscal year 2017, and the OASI trust fund will be exhausted in 2033. If a trust funds balance fell to zero and current revenues were insufficient to cover the benefits specified in law, the Social Security Administration would no longer have legal authority to pay full benefits when they were due.
Full document here;
http://www.cbo.gov/sites/default/files/44972-SocialSecurity.pdfLiberals will struggle to comprehend what the CBO is predicting but anyone else who reads that document knows SS is on an unimpeded path to insolvency. The CBO estimates if the current fiscal path of SS is not altered (meaning payouts are delivered as promised) deficits will hit $1.4 trillion annually by 2023.
Glaucon, besides Obama, you have to be the dumbest, most pompous ass on the planet.
Morons like Glaucon are so far out of touch with r... (
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