With the scribbled ink on December’s GOP tax legislation barely dry, congressional Republicans are promising to target Americans’ earned benefits this year. House Speaker Paul Ryan told a Wisconsin radio interviewer, “We’re going to have to get back… at entitlement reform, which is how you tackle the debt and the deficit.” Ryan went on to make a number of dubious claims, all to justify future benefit cuts for working Americans, millions of whom already are struggling to make ends meet.
Of course, Ryan has been using this rationale for years. The difference now is that he and his party finally have the power realize their long-held dreams of gutting programs that Americans have paid into for their entire working lives. Meanwhile, President Donald Trump is not the firewall against changes to Social Security and Medicare that he promised to be during the campaign.
In opposing these attempts to undermine Social Security and Medicare, it’s important for us to continue to correct a few of Ryan’s mendacious fairy tales about these programs:
Social Security and Medicare are the ‘major drivers’ of the debt
This is a canard budget hawks often use to attack earned benefits. The truth is that Social Security and Medicare Part A are self-funded through workers’ payroll contributions. They do not contribute a penny to the debt. However, one of the biggest drivers of the debt moving forward will be the Trump/GOP tax cut.
