There are 69 million Americans on Social Security. I am one of them. And I am satisfied with the benefits I receive. I also realize Social Security isn't paying for itself and something must be done. There have been proposals for years to expand Social Security benefits and revenues by expanding the tax base...
In the House of Representatives, Rep. John Larson (D-Conn.) has led proposals for years to expand Social Security benefits and revenues by expanding the tax base. In the Senate, “The Social Security Expansion Act,” introduced by Senators Bernie Sanders (I-Vt.) Elizabeth Warren (D-Mass.) and Congresswomen Jan Schakowsky (D-Ill.) and Val Hoyle (D-Ore.) would raise the taxable earnings cap to $250,000, and like Larson’s bill, include investment income.The above " would raise more money than needed to solve the long run deficit." And there has also been talk of taxing the income of the wealthiest, which would not only solve the Social Security crisis, but also put the U.S. budget on solid ground. And why not? Larson says...
"164 million workers (about 94% of us) pay Social Security taxes all year long. The point is a lot of income escapes the Social Security system; and the escaping income is that from the wealthiest Americans."
This could all be moot if Donald Trump and Elon Musk get their way, with The New Republic reporting the "systemic destruction" of Social Security started last Tuesday night in t-RUMP's speech. 7,000 SS employees are already scheduled to be laid off, another 30,000 in the near future. With half of its staff gone, experts expect delays in every aspect of the Social Security program. There are many in the program that depend entirely on their benefits and it is likely there will be deaths if they lose them.
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Contact Congress NOW! |
"House Ways and Means Committee Ranking Member Richard Neal (D-Mass.) said that "after years of hard work and a lifetime of contributions, our seniors shouldn't have to worry about Republicans meddling with their Social Security. This is an attack on our nation's seniors—plain and simple.""
Emphasis my own.
The GOP and its wealthy donors have wanted to get rid of Social Security or, privatize it, for years. It comes up regularly in Congress but even Republicans realize you don't meddle with something as sacred as this senior benefit. But, under t-RUMP it is different...
"They’ve [Republicans] called it everything from communism to socialism to a Ponzi scheme, which Musk just called it this week (“the biggest Ponzi scheme of all time,” no less)."
But The New Republic counters...
"In fact, it has been the most successful anti-poverty program in the history of America, one now emulated by virtually every democracy in the world."The masquerading president, Elon Musk, appears to have his sights on privatizing Social Security, according to a leaked email from acting Social Security Administration Commissioner Leland Dudek, posted on AlterNet. It goes without saying, this maniac should not have the power given him by Trump, and he most certainly should not have the capacity to make changes to Social Security. So, it all gets back to the morons who elected Donald Trump, knowing full well he carried the baggage of Elon Musk.
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The Bobbsey twins who want to take your Social Security |
Continuing these points...
"House Ways and Means Committee Ranking Member Richard Neal (D-Mass.) said that "after years of hard work and a lifetime of contributions, our seniors "shouldn't have to worry about Republicans meddling with their Social Security."
"Congressman Mark Pocan (D-Wis.) declared that 'in no way, shape, or form, should we privatize any aspect of Social Security.'"Here is an interview from The New Republic with Tracey Gronniger, a leading advocate for social insurance, who argues that Musk’s ransacking of Social Security is getting worse—and will prompt a major political backlash: "Transcript: Musk’s Attack on Social Security Exposed in Shocking Leak." It illustrates the disaster Elon Musk could cause if he is allowed to mess around with Social Security.
John Larson reports...
"that recently House Republicans advocated cutting Social Security benefits by (about 8%) by raising the full retirement age to 69 and President-elect Donald Trump’s only Social Security proposal would drain Social Security of revenue by $23 billion, according to a report by the thorough Committee for a Responsible Federal Budget."
But Larson also says there is, "Political Hope For Social Security Fixes"...
There is hope. In December 2024, Republicans and Democrats raised Social Security benefits for more than 2 million people by repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
The hope is that the bipartisan support for the expansion of Social Security benefits may mean Congress is listening to the majority of Americans — Republicans and Democrats — who want more revenue for Social Security and do not want benefit cuts.
The other hope is that the Republicans in Congress will finally get some balls and keep Trump and Musk from any tampering with Social Security benefits.