Like an earlier, failed proposal in the 115th Congress to establish a special Social Security commission, Senator Romney’s ‘rescue committee’ would set up a process that puts benefits at risk, forcing millions of older Americans onto a pathway toward poverty.
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I think any budget that we pass out of the House must include entitlement reform
Rep. Mark Meadows (R-N.C.), chairman of the House Freedom Caucus.
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New Poll Shows Majorities Do Not Support GOP Proposals for Social Security and Medicare.
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Asked Monday if the Trump administration would address “entitlement reform,” White House chief economic advisor Larry Kudlow said it will “probably” look at “larger entitlements” next year. Entitlement reform generally refers to changes or cuts to large government social programs such as Social Security, Medicare, Medicaid or food stamps.
via CNBC.
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Trump Advisor Re-Affirms Commitment to Cutting Social Security & Medicare.
- This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, House Speaker Paul Ryan, and several other key GOP members about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare. ‘Reforming,’ of course, means cutting and privatizing.
Social Security already helps millions of younger working-age families (approximately 16 million beneficiaries) through disability, dependents’ and survivors’ benefits. The truth is that this family leave proposal from Senator Rubio, an outspoken advocate of “entitlement reform” (code for cutting earned benefits), is – at its core – a benefit cut for future retirees and their families.
via Entitled to Know.
The political right has predictably pounced on the recently-released Social Security Trustees report to call for “entitlement reform” – code for cutting the program. Once again, they are using projections about Social Security’s long-term finances to justify raising the retirement age, reducing COLAs, and cutting benefits. This should not come as a surprise. In the wake of the Trump/GOP tax giveaway to billionaires and big corporations, prominent Republicans all but said that future retirees would be asked to pay the price.
Read the full blog post by clicking here.
Retirement, Social Security and long-term care:
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social Security, only 25% say some reductions in benefits for future retirees will need to be made, while 74% say benefits should not be reduced in any way.
via Pew Research.
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We believe Social Security benefits should be BOOSTED for all working Americans.
Sign our petition asking Congress to BOOST Social Security benefits for all working Americans by clicking here.
ERIC BOLLING: Why don’t you just get rid of it? Get rid of social security all together?
DANA PERINO: Whoa, Eric. Actually, it’s not a bad thought.
BOLLING: God forbid you go back to you earn your money, you save your money, you keep your money, you spend your money and then you retire.
via Media Matters.
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Social Security IS earned benefits. Working Americans pay into Social Security throughout their lives and benefits should be BOOSTED, not cut.
It’s no secret that American workers face a major retirement crisis. Wealth inequality and workplace changes mean more and more retirees have come to rely on Social Security for most of their income. But the average monthly Social Security benefit in Maryland is $1,472 — or roughly $18,000 per year, which is only slightly above the federal poverty line. And even with Social Security, some 7 percent of Maryland’s seniors live in poverty.
The good news is that Maryland workers can increase the size of their future Social Security checks by delaying retirement. Delayed claiming past the early retirement age of 62 results in bigger monthly benefit checks for life, and waiting until after the current full retirement age of 66 yields even greater gains — up to 44 percent more than early claiming.
But too few Marylanders are taking advantage of this “delay-and-gain” strategy, or are even aware of it. The average age for claiming Social Security in Maryland is 64 — two years older than the minimum, but early enough to be penalized with lower benefits, which are cut by roughly 6 percent for every year that they file for Social Security before the full retirement age.
Read our full op-ed by clicking here.
QUICK: Will the Trump administration tackle entitlement reform?
KUDLOW: Well, we’ve already tackled a big part of the newest entitlement, namely Obamacare. As far as the larger entitlements, I think everybody’s going to look at that probably next year. I don’t want to be specific, I don’t want to get ahead of our own budgeting, but we’ll get there.
This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, House Speaker Paul Ryan, and several other key GOP members about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare. ‘Reforming,’ of course, means cutting and privatizing.
Read more from this post by clicking here.
But I feel from all the budgets that I’ve passed, normalizing entitlement reform, pushing the cause of entitlement reform and the house passing entitlement reform, I’m very proud of that fact. But yeah, of course more work needs to be done, and it really is entitlements. That’s where the work needs to be done, and I’m going to keep fighting for that.
Speaker Paul Ryan via Politico.
Related Reading:
Seniors Relieved as America’s Privatizer-In-Chief Heads for the Exits.
- House Speaker Paul Ryan’s retirement from Congress lifts a very dark cloud that has hung over older Americans for nearly two decades. During that time, Speaker Ryan has been the Privatizer-in-Chief on Capitol Hill – advocating to turn Medicare into a voucher program and to gamble retirees’ Social Security benefits on the whims of Wall Street.
If history is a guide, retirees should not trust Romney with their Social Security benefits. During his 2012 presidential campaign, Romney and his running mate, Paul Ryan, advocated raising the retirement age (which is a benefit cut), lower cost-of-living adjustments (COLAs), and the creation of private Social Security accounts. The senator is clearly in the “entitlement reform” camp that purports to want to “save” Social Security by cutting it, implying that benefit reductions for seniors living on fixed incomes are somehow inevitable.