Social Security in the crosshairs

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    • #354850
      eridani
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      https://www.nationofchange.org/2020/09/03/social-security-in-the-crosshairs/

      And yet, a gradual surrender of its power of the purse by Congress, especially over the last half century, has steadily increased the powers of the Executive branch to the point that the answer at this point may be: Yes he can!

      That’s the warning from Nancy Altman, president of Social Security Works, an advocacy organization dedicated to protecting and improving Social Security for all Americans.

      Altman says that the mainstream media have been failing to report properly on the grave threat to the Social Security System that has been openly announced by President Trump, treating it as this president’s typical exaggeration and hyperbole. She warns that this current Trump move to use his executive authority to defer for four months the collection of the employee and employer FICA tax that funds Social Security, and the Medicare payroll tax that helps fund that government health care insurance program for the elderly and disabled is a shot across the bow. Trump made the move citing an obscure power under 26 U.S. Code 7508A (Authority to postpone certain deadlines by reason of Presidentially declared disaster or terroristic or military actions), That law, passed by Congress in 1997, allows the president to defer payment of taxes like the income tax and the payroll taxes for up to a year.

      Altman warns, “The president has stated publicly that, ‘if re-elected’ he will make the deferral of the September-December payroll taxes permanent, and will also ‘do away’ with FICA, the Social Security payroll tax.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #354867
      B Calm
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      • Total Posts: 951

      when it comes to protecting social security.

    • #354880
      Fasttense
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      • Total Posts: 1,174

      Vote for me and I’ll take away your retirement funds that you have paid for.

      So, if you take away all those elderly people’s retirement money, who will have to take care of them?

       

    • #354921
      MizzGrizz
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      • Total Posts: 2,446

      Or possibly some church charity.The evangelicals have long held the idea that providing for older people should be the responsibility of churches rather than government.

    • #355129
      eridani
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      • Total Posts: 6,467

      –which Trump has promised to do, and setting up another silly Deficit Commission like Obama did.  Social Security Works is prepared for the latter, but would not be able to do jackshit about the former.

       

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #355142
      doh1304
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      • Total Posts: 1,310

      Who do you believe, the liar or the bought off flunkie?

    • #355180
      ravensong
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      • Total Posts: 2,222

      Social Security during their eight years in office.  Or was it Bernie Sanders?  (Pssst! Please Don’t tell anyone I am still getting Social Security and Medicare benefits after Obama/Biden/Bernie/some unnamed non-Republican political enemy of Trump took them away!

      sarcasm

      According to those hoping that Trump will win the 2020 election, Biden, Obama, and random assorted Democrats have been desperately trying to end Social Security for their entire times, respectively, in office.

      “A lie doesn't become truth, wrong doesn't become right, and evil doesn't become good, just because it's accepted by a majority.” ~ Booker T. Washington

      The truth is, there’s no such thing as being “anti-Fascist.” Either you are a decent human being with a conscience, or you are a fascist.
      ~ Unknown

    • #355183
      MizzGrizz
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      • Total Posts: 2,446

      Only in a more roundabout deceptive way than Trump would do it.

      Obama first tried to cut it by changing the way the payments were calculated—the infamousChained CPI.Then he offered it up to Republicans to make cuts of their choice to the program with his equally infamous Grand Bargain—with the full encouragement and backing of Biden.

      Joe has said on the Senate floor he advocates means testing for Social Security,which would turn it into a welfare program and make it easier to cut with no outcry from the resentful people who always think Johnny is getting something they aren’Trump’s immediate destruction of the program is the greater evil here,but don’t kid yourself that it isn’t in Biden’s plan as well.He’ll just destroy the program so slowly you won’t notice.

    • #355191
      doh1304
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      • Total Posts: 1,310

      is to end the Social Security tax – the greatest benefit to the working poor since FDR. Not that he would do it. “Responsible” people would tell him that the government could not function without being able to borrow from the trust fund. Biden, OTOH, would cut benefits but keep (and then raise) the SS tax. Who’s really worse? Who cares?

    • #355197
      ravensong
      Participant
      • Total Posts: 2,222

      Obama and Biden did not take away my Social Security and Medicare during their 8 years as POTUS and VPOTUS.


      @mizzgrizz

      President Franklin D. Roosevelt signed the Social Security Bill into law on August 14, 1935, only 14 months after sending a special message to Congress on June 8, 1934, that promised a plan for social insurance as a safeguard “against the hazards and vicissitudes of life.” The 32-page Act was the culmination of work begun by the Committee on Economic Security (CES), created by the President on June 29, 1934, and became, as he said at the signing ceremony, “a cornerstone in a structure which is being built but is by no means complete. ” (For developments in the old-age benefits portion of the Act since 1935, see Martha A. McSteen, “Fifty Years of Social Security.”)

      The President transmitted the Committee’s report to the 74th Congress on January 17, 1935, almost equally dividing the 14 months spanning the work of the Committee and the work of the Congress. Today, 50 years later, Wilbur J. Cohen, who was a 21-year-old research assistant to the Executive Director of the CES and later served as Secretary of Health, Education, and Welfare, writes: “If any piece of social legislation can be called historic or revolutionary, in breaking with the past and in terms of long run impact, it is the Social Security Act. ”

      https://www.ssa.gov/history/50ed.html

      Yep, still getting Social Security after all these years.

      A Statement From Nancy Altman, President of Social Security Works,

      Donald Trump once promised that he would be ‘the only Republican that doesn’t want to cut Social Security.’ We now know that what he meant is that cutting Social Security doesn’t go far enough for him: He wants to destroy Social Security.

      Donald Trump’s executive order, which seeks to defer Social Security contributions, is bad enough. But his promise to ‘terminate’ FICA contributions if he is reelected is a full-on declaration of war against current and future Social Security beneficiaries.

      Social Security is the foundation of everyone’s retirement security. At a time when pensions are vanishing and 401ks have proven inadequate, Trump’s plan to eliminate Social Security’s revenue stream would destroy the one source of retirement income that people can count on. Moreover, Social Security is often the only disability insurance and life insurance that working families have. If reelected, Trump plans to destroy those benefits as well.

      Every member of Congress must speak up now to denounce Donald Trump’s unconstitutional raid on Social Security. Voters should treat any Senator or Representative who is silent as complicit in destroying Social Security. Furthermore, every American who cares about Social Security’s future must do everything they can to ensure that Trump does not get a second term.

      https://yubanet.com/opinions/nancy-altman-donald-trump-if-reelected-i-will-terminate-social-security/

      The mission of Social Security Works is to,

      • Protect and improve the economic security of disadvantaged and at-risk populations
      • Safeguard the economic security of those dependent, now or in the future, on Social Security
      • Maintain Social Security as a vehicle of social justice

      https://socialsecurityworks.org/about/

      So, who am I going to believe? The President of Social Security Works, or random self-identified progressives on the internet, many of whom hope that Donald Trump will be re-elected?

      I’ll go with the expert, who has proven by her actions that she has my best interests, and the best interests of my country, and people, in her heart.

      “A lie doesn't become truth, wrong doesn't become right, and evil doesn't become good, just because it's accepted by a majority.” ~ Booker T. Washington

      The truth is, there’s no such thing as being “anti-Fascist.” Either you are a decent human being with a conscience, or you are a fascist.
      ~ Unknown

    • #355217
      MizzGrizz
      Participant
      • Total Posts: 2,446

      Those two efforts were just the tip of the iceberg.

      Hillary had the Blackstone Group lined up all nice and proper to privatize it.

    • #355225
      closeupready
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      • Total Posts: 1,541

      And you know it.

      In years past when they have implemented fixes, it’s ALWAYS been done with provisions to ‘grandfather’ in anyone already receiving benefits.

      So obviously Joe Biden’s horrible views on social security/medicare would not be a concern to you whatsoever.

      The opinions and personal views expressed herein are solely those of the author, and should never be taken seriously.

    • #355233
      MizzGrizz
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      • Total Posts: 2,446

      As are Trump’s position.

      If Trump gets his way,Social Security will stop for everyone, no exceptions,in three years.That’s what his payroll tax elimination will do.

      Biden has pretty much announced there will be austerity—for everything except war—But has been careful not to declare yet what form that will take.

       

    • #355257
      closeupready
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      • Total Posts: 1,541

      @mizzgrizz – even if the payroll tax were eliminated overnight, the trust fund would  be solvent for another 11 years.

      Having said that, suspending the payroll tax permanently by executive order is not constitutional.

      The US Congress is the government branch for which the power to tax is reserved constitutionally.

      Trump can attempt to do whatever he wants to do, and it will need to be challenged in court likely, but when even arch-conservative Heritage Organization disputes the validity of such executive orders, it has little chance of surviving a judicial challenge.  IMHO.

      https://www.heritage.org/taxes/commentary/payroll-tax-suspension-executive-order-legally-dubious-economically-unnecessary

      The opinions and personal views expressed herein are solely those of the author, and should never be taken seriously.

    • #355315
      MizzGrizz
      Participant
      • Total Posts: 2,446

      Social Security Works.

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