The proposal to cut the payroll contribution rate would either undermine Social Security’s financing or employ general revenue, both of which would set the stage for future demands to cut Social Security. And it likely would not be temporary.
"Donald Trump and his advisers know that this will kill people, and they do not care. Every current and future Social Security beneficiary must band together to defeat this horrific proposal, or else all of our earned benefits will be next."
The government-promoted plans let employers completely off the hook and put the entire burden of retirement savings and investment management on workers. They put another nail in the coffin of traditional plans in which employers share the expense.
Apart from filling corporate coffers and the pocketbooks of the 1 percent, the $1.9 trillion cut has put the federal government in a financial straightjacket.
The long-term goals of Trump and his Congressional allies are to destroy the labor movement, wreck the federal government, and end Social Security.
Seniors should celebrate Medicare’s 54th birthday by rejecting the fear-based propaganda, and enthusiastically embracing Medicare for All. Under Medicare for All, seniors would pay less out of their pockets — and they would receive more.
At a historic hearing, progressives make the case for expanding—not cutting—Social Security benefits. The last time Congress enacted increases was 1972.
How can Americans of all generations come together to fight for greater economic security for all of us? Today's tyrants are trying to convince younger generations to fight older generations over scraps, rather than joining together to demand more.
"Chained CPI" might sound technical and boring, but anyone who has closely followed the Social Security debate knows better. It has long been proposed as a deceptive, hard-to-understand way to cut our earned Social Security benefits.
Social Security expansion bill poised to gain traction in Congress, targeting those who earn over $400,000.
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