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Republicans didn’t prohibit the transfers, sometimes called “reallocation,” but the new policy does say that transfers must “improve the overall financial health of the combined Social Security Trust Funds.” And as TPM’s report added, “While that language is vague, experts say it would likely mean any reallocation would have to be balanced by new revenues or benefit cuts.”

via MSNBC.

Source: ncpssm.org

social security politics republicans news entitlements 114th congress congress GOP SSI retirement retirement crisis p2 retirees

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“ “With a little-noticed proposal, Republicans took aim at Social Security on the very first day of the 114th Congress.
The incoming GOP majority approved late Tuesday a new rule that experts say could provoke an unprecedented crisis that... — “With a little-noticed proposal, Republicans took aim at Social Security on the very first day of the 114th Congress.
The incoming GOP majority approved late Tuesday a new rule that experts say could provoke an unprecedented crisis that conservatives could use as leverage in upcoming debates over entitlement reform.”
via Talking Points Memo.
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Letter to Congress opposing the GOP’s plan that’s targeting Social Security benefits.
“Changing the rules of the game to target Social Security in the very first hours of a new Congress sends a clear message to seniors, people with disabilities, survivors and their families – a message that certainly wasn’t shared with voters before Election Day – American families who count on Social Security in any way should beware.”

Source: ncpssm.org social security SSI politics seniors retirement retirement crisis disability the disabled entitlements p2 congress 114th congress GOP news

What’s a bigger priority for Republicans to attack even than Obamacare? Social Security. They proved it Tuesday when they included a new rule in their rules package governing the 114th Congress that will prevent it from authorizing what has been routine reallocations of funds between the two Social Security programs, the retirement fund and the disability program.

via Daily Kos.

Source: ncpssm.org social security politics 114th congress news seniors retirement retirement crisis retirees congress GOP p2 disability insurance entitlements

“ In one of its first actions, the Republican House of Representatives of the 114th Congress, changed its rules to manufacture a Social Security crisis.
”
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Social Security Targeted on Day One of New Congress. — *In one of its first actions, the Republican House of Representatives of the 114th Congress, changed its rules to manufacture a Social Security crisis.*
via Salon // AlterNet.
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Social Security Targeted on Day One of New Congress.

Source: ncpssm.org social security entitlements 114th congress politics GOP p2 seniors retirement retirees disability retirement crisis congress

Tomorrow, we celebrate the first Social Security check being issued to Ida May Fuller! Though, with the new 114th Congress, the program is at risk for benefit cuts.
Please sign our petition and tell Congress to BOOST Social Security benefits, not cut... — Tomorrow, we celebrate the first Social Security check being issued to Ida May Fuller! Though, with the new 114th Congress, the program is at risk for benefit cuts.
Please sign our petition and tell Congress to BOOST Social Security benefits, not cut them:
www.thetruthnow.org/Petition

Source: thetruthnow.org social security politics ida may fuller entitlements 114th congress GOP p2 retirement retirement crisis retirees elderly

On day one of the 114th Congress, the House majority made clear they are willing to undermine the social insurance safety net.

Max Richtman (President of the National Committee) on a Press call with Members of Congress.

Social Security Targeted on Day One of New Congress

We’ve written before about the GOP strategy to force broad Social Security benefit cuts while simultaneously demonizing America’s disabled. Senator Sherrod Brown (D-OH) raised the alarm about attempts to politicize what has always been a routine and non-partisan legislative solution to balance the Social Security Trust Funds:

“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. Modest reallocation of payroll taxes would ensure solvency of both trust funds until 2033. But if House Republicans block reallocation, insurance for disabled Americans, veterans, and children could face severe cuts once the trust fund is exhausted in 2016.”