The Democratic Staff of the Joint Economic Committee has a new Report on Social Security
The document is not an objective assessment of Social Security, but a political document intended to scare and create animosity; a farce.
A you can see from the excerpt below, it talks about cuts and harm to needy Americans and, of course, the ever present struggling family trying to make ends meet. The “report” alludes to eliminating Social Security which no credible person has proposed.
What is most interesting is what this report does not mention. It does not mention that the wide-range of benefits promised are not being paid for. It does not mention that in only sixteen years the program will not be able to pay the promised benefits or that as currently structured Social Security is not sustainable or solvent. It does not question where the money will come from to redeem $2.9 trillion in Social Security Trust Treasury Bonds between now and 2034.
And, of course, the report does not mention that Congress has ignored the problems for decades (despite annual warnings from the Trustees) or that during the Obama administration when Democrats had total control nothing was done to fix Social Security; indeed it was barely mentioned from the bully pulpit.
Social Security faces long-term threats to its continued existence, with many Republican efforts to break our government’s promise to disabled and senior citizens by cutting benefits. Despite the fact that SSDI and SSI are supposed to protect our nation’s disabled workers and children, Republicans in Congress and in the White House are preparing to slash the program in the coming fiscal year. The president’s FY2019 budget would cut $72 billion from disability programs over the next 10 years, jeopardizing millions of American workers, children, and families.
In addition to numerous cuts to SSI, the budget specifies over $10 billion in cuts to SSDI retroactive payments. The budget assumes more than $48 billion in net savings from “increased labor force participation” by those that would otherwise receive SSDI. Our American workers deserve better than what President Trump is preparing to do to this essential program.
Additionally, in the wake of the Republican tax overhaul, Speaker Paul Ryan and many other Republican leaders have reiterated the desire to cut benefits to those workers and their families who need them most, in particular those benefits for Social Security and Medicare beneficiaries.
Cuts to Social Security affect people beyond those currently receiving benefits. When an elderly relative has her Social Security benefits cut, it is her close family that will step up to support her. For working families struggling to make ends meet, supporting another family member is a difficult but necessary financial undertaking. This cycle will continue for working Americans who will be forced to make do with a less generous Social Security check after a career of hard work. We must continue to make good on the American promise that we will provide for Americans who are no longer able to provide for themselves with Social Security. We must ensure that for coming generations a system exists that will continue this fundamental promise of the American dream.
What we should be asking is why are so many Americans so dependent on Social Security after a “career of hard work.” Why are they “no longer able to provide for themselves?”