Will Republicans use their leverage to cut Social Security and Medicare?
Jake Johnson reports in Common Dreams that Senator Lindsey Graham is using the Republicans’ leverage in Congress to cut Social Security and Medicare. Only if Democrats agree to these cuts would Republicans agree to raise the federal debt ceiling. Americans pay into Social Security and Medicare throughout their working lives.
Do Republicans want to end Social Security?
Of course, Republicans never acknowledge that they support slashing and even ending Social Security.
Why did only one Republican vote against Medicare?
Though Republicans supported it, no Democrat in Congress would agree and the balance was such the Republicans had to convince at least one Senator to switch sides. When Medicare was first being considered Senate Republican Robert Dole (then in the House) voted against it.
What will happen if Social Security and Medicare are ended?
If Social Security and Medicare are ended, the Republicans will redirect the money into more tax cuts for corporations and the 1%, because they know how to spend your money better than you do. /s All companies will save twice the amount you pay immediately if they destroy social security as they will no longer pay payroll taxes.
Who voted against Medicare?
When Medicare was first being considered Senate Republican Robert Dole (then in the House) voted against it. Also in opposition to Medicare, in a famous 1964 speech, Ronald Reagan explained that his opposition to Social Security and Medicare is why he switched from the Democratic Party to the Republican Party.
What percentage of Americans would prefer to reverse the Republican tax cuts?
A poll one week before the election about Republican social and economic policy is a red flag for Republicans. 60% of Americans would prefer to reverse the Republican 2017 tax cuts than cut spending on Social Security, Medicare and Medicaid.
Why did McConnell say the Republicans would defend the tax cuts?
This poll was taken a week after Senator McConnell said the Republicans would defend the tax cuts and cut Social Security, Medicare and Medicaid in order to curb the growing deficit, caused in significant part by those very tax cuts. The Republican Party has always been associated with opposition to Social Security.
What would happen if Social Security was passed?
A representative of the Illinois manufacturers testified that if Social Security was passed it would undermine America by “destroying initiative, discouraging thrift, and stifling individual responsibility.”. In 1935, Republican congressman John Taber said Social Security “is designed to prevent business recovery, to enslave workers, ...
Which party is opposed to Social Security?
The Republican Party has always been associated with opposition to Social Security. Economic historian Max Skidmore shows that the final vote for Social Security was lopsided--only 2% of Democrats voted against it (because it wasn't generous enough) while 33% of Republicans voted against Social Security.
Is Social Security a fiscal discipline?
Social Security is one of the few government programs with built-in fiscal discipline. Bottom Line: Though Senator McConnell may not have meant to publicize the Republican agenda to cut Social Security, Medicare and Medicaid, the long history of Republican opposition may be an example of what Sigmund Freud and modern psychologists believe--a slip ...
Who said Social Security is designed to prevent business recovery, to enslave workers, and to prevent any possibility of
In 1935, Republican congressman John Taber said Social Security “is designed to prevent business recovery, to enslave workers, and to prevent any possibility of the employers providing work for the people.”.
How many people are receiving Social Security above the poverty line?
Both Democrat and Republican lawmakers on Capitol Hill have an understanding of the importance that Social Security plays in keeping some 22 million people currently receiving benefits above the federal poverty line.
How long has Social Security been borrowed?
However, the truth of the matter is that Congress has been able to "borrow" Social Security's excess cash (i.e., asset reserves) for five decades, and it's happened under every single president over that stretch.
What will happen to the net cash outflow in 2020?
Beginning at the turn of the decade, ongoing demographic shifts (e.g., boomers retiring, increased longevity, and growing income inequality) are expected to cause the net cash outflow to balloon.
When will the 67 age limit be increased?
Currently, set to peak at age 67 for those born in 2022 or later, Republicans would like to see this gradually increased to as high as age 70. This would require retired workers to either wait longer to receive their full payout, or to accept a steeper monthly reduction if claiming early.
Does means testing reduce Social Security?
Some Republicans, including Donald Trump, have called for a form of means-testing, which would reduce or eliminate Social Security benefit payments for those folks or couples who are wealthy.
Did the Republican Party steal Social Security money?
Another misconception is that the Republican Party stole money from the Social Security Trust and used it to fund wars. More specifically, Ronald Reagan, George H.W. Bush, and George W. Bush have come under intense scrutiny for borrowing from Social Security and "not putting the money back."
Is Social Security inflection point?
According to the report, Social Security is facing an inflection point this year. For the first time since 1982, aggregate expenditures, which almost entirely includes benefits, but also takes into account administrative expenses and Railroad Retirement exchange contributions, will exceed revenue generated.
Scott’s ’11-Point Plan’
Other Democratic Attacks
- On April 28, the Democratic Senatorial Campaign Committee tweetedthat the “Senate Republicans’ plan would END” Social Security. The tweet includes a video that starts with an edited clip of Fox News anchor John Roberts asking Scott about his plan. “You recently put out an 11-point plan to rescue America,” Roberts said. “That would raise taxes on ha...
Scott on Social Security, Medicare
- In the same “Fox News Sunday” interviewfeatured in the DSCC ad and tweet, Scott went on to say that he had no intention of eliminating Social Security, Medicare or Medicaid. “Here’s what’s happening,” Scott said. “No one that I know of wants to sunset Medicare or Social Security, but what we’re doing is we don’t even talk about it. Medicare goes bankrupt in four years. Social Sec…