Joe Biden Has Called for Social Security Cuts 3 Times

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  • #243491

    leftcoast mountains
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    @leftcoastmountains

    May 17, 2019

    Sean Williams

    Surprise! Presidential candidate Joe Biden has previously put Social Security cuts on the table

    Yet, what you might find surprising is that early Democratic presidential front-runner Joe Biden, who you’d expect to fight for core Democratic principles in resolving Social Security’s imminent cash crunch, including raising or eliminating the earnings cap, has called for Social Security cuts on three separate occasions over the past 12 years.

    1. Raising the full retirement age

    For those of you who may not recall, this isn’t Joe Biden’s first go-around as a presidential hopeful for the Democratic ticket. Prior to Barack Obama winning the Democratic nomination in 2008, Biden was one of Obama’s competitors for that nomination. Of the many proposals Biden brought to the table in 2007, arguably none was viewed with greater scrutiny than his ideas on buoying retirement savings plans, including Social Security.

    While not focusing strictly on cutting benefits, Biden’s noted approach, according to NBC News, was to work on a bipartisan solution that would include discussing options such as raising the full retirement age and increasing the earnings cap associated with the payroll tax.

    2. Orchestrating a $112 billion payroll-tax holiday

    Although it was a cut that beneficiaries wouldn’t tangibly see in their benefit checks, Biden was a key figure behind $112 billion worth of Social Security cuts during the early part of this decade.

    3. Means-testing for benefits

    Lastly, as recently as May 2018, Biden has argued for the idea of means-testing for both Social Security and Medicare benefits, which is actually something that President Trump casually suggested while on the campaign trail for the presidency.

    https://www.fool.com/retirement/2019/05/17/joe-biden-has-called-for-social-security-cuts-3-ti.aspx

     

    For those who think voting for Joe is better than Trump.

    #NoMiddleGround #I AM BERNIE

  • #243504

    MistaP
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    • Total Posts: 2,079
    @mistap

    someone oughtta tell is “most informed and engaged” supporters …

    https://berniesanders.com/ https://www.tulsi2020.com/

  • #243508

    Charles
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    @charles

    Everyone knows Joe sucks.

    That doesn’t make Trump better than him.

    So if you’re suggesting I should vote for Trump if Joe’s the nominee I’ll stick with Bernie’s endorsement thank you…

     

    Bernie: "Not Me. Us"

    • #243512

      leftcoast mountains
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      @leftcoastmountains

      No one is saying vote for Trump. But if you think that is all you got, well than I guess it’s what you have.

      #NoMiddleGround #I AM BERNIE

      • #243524

        Charles
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        @charles

        I don’t want Biden. But I certainly don’t want Trump. And if Bernie is given those options he won’t chose Trump either.

        I’ll be voting for Bernie in the primary and most likely be supporting his decisions whether he gets the nomination or not.

        Sorry if that’s not good enough…

         

         

        Bernie: "Not Me. Us"

  • #243566

    HassleCat
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    • Total Posts: 1,817
    @hasslecat

    I believe Joe Biden would facilitate selling off the system to private investors, at least in part, if not entirely. Since the 1980s, investors have damn near wet themselves thinking about all that taxpayer money that could be pumped and dumped into their portfolios. What they would propose is something that sounds “reasonable,” such as an option that would allow the individual to divert a portion of her SS deductions into a privatized system that would promise higher returns, with some risk of losses, of course. The whole thing would be presented as bulletproof, backed by the government, nothing to worry about, blah, blah, blah. It would eventually implode, of course, and require a huge bailout, just like the mortgage crisis, and the S&L crisis before that. I fact, that’s the only real reason to propose such a scheme in the first place, to create a bubble, rescue the criminals who create the bubble, and make sure nobody goes to jail. We have seen this before, but politicians like Joe Electable Biden will sell it to us again. If we vote for them, that is. So let’s not.

  • #243567

    sadoldgirl
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    @sadoldgirl

    Well, of course he would try to sell us out. He has done so

    before. He does not need it after he collected enough from

    his Ukraine stunt.

  • #243568

    mmonk
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    @mmonk

    Yep. Cold day in you know where before I’ll vote for him.

    Fear not the path of Truth for the lack of People walking on it. - RFK

  • #243600

    djean111
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    @djean111

    I see the old “If you do not vote for the Vichy Dem,  you are voting for Trump” bullshit canard is being trotted out already.  And the “Bernie says….” crap.   Nope.  Nope.  I kinda thought that was all the DNC really has.

    I will not vote for a Vichy Dem. Period. As always, I decide who is a Vichy Dem.

    Bernie's ISSUES or Bust!

  • #243643

    snot
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    • Total Posts: 577
    @snot

    K&R’d!  Helpful reminder.

    Destruction is easy; creation is hard, but more interesting.

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