Donald Trump is trying to kill Social Security Insurance and Medicare Insurance by erasing the tax that funds both in the name of giving people more money to spend under the umbrella of COVID 19..........
Social Security Insurance can easily provide $1100 per month and Medicare Insurance picks up 80% of health care costs which is better than most who are paying for insurance
Rump the dumb is trying to scam citizens one more time by funding privatization with our tax dollars which is grand theft with a touch of fraud
Pelosi is concerned about the above no question about it.
Social Security Insurance can easily provide $1100 per month and Medicare Insurance picks up 80% of health care costs which is better than most who are paying for insurance.
If SS is such a great deal, then let people opt out if they want.
You won't of course, because younger people would opt out by the millions. Hell, even people who are 40 would be smart to get out of it if they could.
This is one of the many problems with welfare programs - there's a constant fight over who will do the paying and who will do the taking. They create resentment and hostility between people and the only winner is the rotten government.
A majority rules this country and they require SS regardless of your opinion. I'd like to opt out of the Numnuts administration and it's laws about rioters, but enough Americans put this idiot in the WH.
Our government is only as rotten as the people who're running it...
If SS is such a great deal, then let people opt out if they want.
You won't of course, because younger people would opt out by the millions.
All we have to do is dump the barrel and bring in fresh apples. After we wash the stink out first.
I might remind people that cancelling the payroll tax would also bankrupt this Nation, not just SS and Medicare. But then trump is no stranger to filing bankruptcy.
If trump were a Russian agent he could not do a better job of destroying this Nation.
Beginning to wonder if Congress can allow this insanity go on much longer or will they act.
Quote Originally Posted by Razoo
Donald Trump is trying to kill Social Security Insurance and Medicare Insurance by erasing the tax that funds both in the name of giving people more money to spend under the umbrella of COVID 19..........
Social Security Insurance can easily provide $1100 per month and Medicare Insurance picks up 80% of health care costs which is better than most who are paying for insurance
Rump the dumb is trying to scam citizens one more by funding privatization with our tax dollars which is grand theft with a touch of fraud
Pelosi is concerned about the above no question about it.
MSN 9 hours ago
But the most potentially far-reaching order concerns the payroll tax, which funds Social Security and part of Medicare. This order, along with comments Trump made at the signing ceremony, poses a mortal threat to the 64 million Americans who currently receive Social Security benefits and the hundreds of millions more who will receive benefits in coming decades.
If he's reelected, Trump said, he will "terminate" the payroll tax. Make no mistake: He's talking about bankrupting Social Security.
It's rare that a president has made such a compelling case for his own electoral defeat. Yet his campaign was so proud of this threat that it tweeted out Trump's words within minutes.
Social Security advocates weren't nearly so sanguine.
"This is all a very well thought-out campaign to undermine Social Security and Medicare," Wiliam F. Arnone, chief executive of the National Academy of Social Insurance, told me. The order threatens to "erode the economic security of millions of Americans, without bringing meaningful relief for unemployed workers or employers."
Rep. John B. Larson (D-Conn.) the sponsor of a proposal to expand Social Security, called the order "the single worst way to get relief to beleaguered Americans ... stealing from their retirement to make up for the administration’s failure to contain the virus."
He's right. We've written before that cutting or deferring the payroll tax does almost nothing for the vast majority of working Americans, not to mention those out of work, would overwhelmingly benefit the rich, and would knock the key source of financing out from under Social Security while opening the door to massive benefit cuts.
Trump's executive order boasts of its being a "modest, targeted action." It's anything but. The order says it will "put money directly in the pockets of American workers ... right when the money is needed most." It won't do that.
Trump nevertheless has been obsessed with the idea of a payroll tax cut, for reasons that are impossible to apprehend. One might not have thought this possible, but his executive order makes things even worse.
"I'm really concerned about middle-class Americans!" - Our Lord in Chief
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When I was a kid I had two really cool fire trucks. It never occurred to my parents to buy me toy limousines. I was lucky.
Social Security Insurance can easily provide $1100 per month and Medicare Insurance picks up 80% of health care costs which is better than most who are receiving insurance through the rip off industry.
Trump is trying to scam citizens by funding privatization with our tax dollars which is fraud/theft
Quote Originally Posted by Razoo
Donald Trump is trying to kill Social Security Insurance and Medicare Insurance by erasing the tax that funds both in the name of giving people more money to spend under the umbrella of COVID 19..........
Social Security Insurance can easily provide $1100 per month and Medicare Insurance picks up 80% of health care costs which is better than most who are paying for insurance
Rump the dumb is trying to scam citizens one more by funding privatization with our tax dollars which is grand theft with a touch of fraud
Pelosi is concerned about the above no question about it.
MSN 9 hours ago
But the most potentially far-reaching order concerns the payroll tax, which funds Social Security and part of Medicare. This order, along with comments Trump made at the signing ceremony, poses a mortal threat to the 64 million Americans who currently receive Social Security benefits and the hundreds of millions more who will receive benefits in coming decades.
If he's reelected, Trump said, he will "terminate" the payroll tax. Make no mistake: He's talking about bankrupting Social Security.
It's rare that a president has made such a compelling case for his own electoral defeat. Yet his campaign was so proud of this threat that it tweeted out Trump's words within minutes.
Social Security advocates weren't nearly so sanguine.
"This is all a very well thought-out campaign to undermine Social Security and Medicare," Wiliam F. Arnone, chief executive of the National Academy of Social Insurance, told me. The order threatens to "erode the economic security of millions of Americans, without bringing meaningful relief for unemployed workers or employers."
Rep. John B. Larson (D-Conn.) the sponsor of a proposal to expand Social Security, called the order "the single worst way to get relief to beleaguered Americans ... stealing from their retirement to make up for the administration’s failure to contain the virus."
He's right. We've written before that cutting or deferring the payroll tax does almost nothing for the vast majority of working Americans, not to mention those out of work, would overwhelmingly benefit the rich, and would knock the key source of financing out from under Social Security while opening the door to massive benefit cuts.
Trump's executive order boasts of its being a "modest, targeted action." It's anything but. The order says it will "put money directly in the pockets of American workers ... right when the money is needed most." It won't do that.
Trump nevertheless has been obsessed with the idea of a payroll tax cut, for reasons that are impossible to apprehend. One might not have thought this possible, but his executive order makes things even worse.
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