Friday, July 21, 2017

GOP Budget Proposals Do Impact Social Security

A response to a troll on a Facebook post by Social Security Works about an article in New York magazine:

Yes, the House budget does address Social Security. Here are the links you requested:

The GOP preferred method of "reform" for Social Security is to raise the retirement age; the current proposals would raise the retirement age to 70 - a solution that would fall only on the less-wealthy. Simple adjustments to the payroll tax and the salary cap would achieve 75-year solvency without screwing workers. Removing the salary cap altogether and taxing the wealthy on all of their income, the same as people making under $127,200 are taxed, would not only solve any potential shortfalls for the next 75 years but would have the wealthy pay their fair share. Removing the exemption of capital gains (investment income) to Social Security taxes would further the objective of fairness. The GOP also wants to cut benefits to Medicare to "ensure its solvency," rather than a modest Medicare payroll tax increase.

Legislation is also proposed to reform the disability portion of Social Security. Rather than a simple adjustment to the ratio of revenues into the SSDI and SS programs, as past Congresses have done on a bipartisan basis with no controversy, the current GOP wants to change eligibility and benefits for SSDI.

The GOP proposals do not impact the federal deficits or the National Debt by one thin dime. Yet they continually attack Medicare and Social Security in the name of budget reform. Social Security is not the largest federal expense. It is not part of the federal budget. It has its own revenue stream. All the lies by the GOP will not change those simple facts. And screwing workers because of ideological ideas about letting the free market loose on our retirements and reducing government is cruel, immoral, selfish, and endangers our retirements (ever hear of Madoff?). And all of the rhetoric about Individual Responsibility while ignoring or denigrating Social Responsibility points to the GOP's basic motivation - greed.

Crawl back under your rock and take your flawed morality elsewhere. We are sick of your lies and corruption.

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