Democrats demand Trump State Department turn over 'secret plan' to slash Social Security amid pandem

Discussion in 'Political Opinions & Beliefs' started by david gullikson, May 18, 2020.

  1. david gullikson

    david gullikson Banned

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    House Democrats are demanding that the Trump administration turn over to Congress all documents related to an internal State Department plan that reportedly proposes giving Americans direct cash payments in exchange for cuts to their Social Security benefits, an idea advocacy groups denounced as “monstrous.”

    The Post reported that the “Eagle Plan” was written by Paul Touw, chief strategy officer to Krach, and forwarded to the White House Council of Economic Advisers by President Donald Trump’s son-in-law Jared Kushner.

    In a statement, Castro characterized the internal State Department proposal as “a secret plan to cut hard-earned Social Security benefits.”
    https://www.alternet.org/2020/05/de...-plan-to-slash-social-security-amid-pandemic/
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    Good plan, make folks think short term survival, to destroy their SS retirement benefits. Or keep them working longer, even if they are worn out, or disabled.

    Once they start destroying SS and Medicare, they will have stopped it being a third rail.

    They started saying they would give ten thou, then they halved that to five.

    And, they can do this while posturing as good guys, while accomplishing their designed objectives.

    They want to destroy Obamacare, without any replacement, they want to destroy SS and Medicare, while they already destroyed retirements, with anemic 401Ks. They want to destroy all environmental protections, and worker protections, rules, using the covid19 as cover.

    WE are being turned into a **** hole.
     
    Last edited by a moderator: May 18, 2020
  2. Alchemist

    Alchemist Well-Known Member

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    I believe the Whitehouse has already rejected the plan (written by Paul Touw) but it would be nice to see the thought process of the current cabinet working under Trump. We got some doozies.
     
  3. david gullikson

    david gullikson Banned

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    I wouldn't count out a Trump payday loan life scam just yet.
     
  4. Paul7

    Paul7 Well-Known Member

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    It won't happen, but interesting how Dems blame Trump for the deficit but reject any efforts to curb entitlements, which is where most of the deficit comes from.
     
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  5. david gullikson

    david gullikson Banned

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    Name the entitlements, and what portion they are.

    HINT: SS and medicare are NOT entitlements. they are InSURANCE we paid.
     
    Last edited: May 18, 2020
  6. Paul7

    Paul7 Well-Known Member

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    About two-thirds.

    "During FY2018, the federal government spent $4.11 trillion, up $127 billion or 3.2% vs. FY2017 spending of $3.99 trillion. Spending increased for all major categories and was mainly driven by higher spending for Social Security, net interest on the debt, and defense. Spending as % GDP fell from 20.7% GDP to 20.3% GDP, equal to the 50-year average. During FY2017, the federal government spent $3.98 trillion, up $128 billion or 3.3% vs. FY2016 spending of $3.85 trillion. Major categories of FY 2017 spending included: Healthcare such as Medicare and Medicaid ($1,077B or 27% of spending), Social Security ($939B or 24%), non-defense discretionary spending used to run federal Departments and Agencies ($610B or 15%), Defense Department ($590B or 15%), and interest ($263B or 7%).[1]

    Expenditures are classified as "mandatory", with payments required by specific laws to those meeting eligibility criteria (e.g., Social Security and Medicare), or "discretionary", with payment amounts renewed annually as part of the budget process, such as defense. Around two thirds of federal spending is for "mandatory" programs."

    Wikipedia

    Half the people here in NM are on Medicaid or Medicare, I can assure you many never paid a dime into it. SS is a giant ponzi scheme.
     
    Last edited: May 18, 2020
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  7. Libby

    Libby Well-Known Member

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    Medicare is earned; medicaid is an entitlement.

    Medicare is "earned" in that it is funded by money withheld from your taxes.

    Medicaid is an entitlement program to provide medical care for low income people. Ultimately it is funded by those of us who pay taxes.
     
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  8. Bearack

    Bearack Well-Known Member

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    Hint, most people will receive WAY more benefit than they will pay into the system. The purpose of this scheme was hopes that younger generations that pay higher rates would subsidize the older generation. Problem being, they never anticipate the life expectancy rate for the elderly would increase at the rate it has and SS and Medicare will ALWAYS be vastly underfunded.
     
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  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    Moot story

    "Senior administration officials have discussed the “Eagle Plan,” a 29-page memo that called for an overhaul of federal retirement programs in exchange for upfront payments to some workers, but the White House has already rejected it, according to three administration officials. A copy of the plan was obtained by The Washington Post."
    https://www.washingtonpost.com/busi...-worry-stimulus-spending-is-costing-too-much/

    Tell my why you think Republicans want to "destroy" SS and Medicare and can you show me any propsal that would destroy them and not put in place something better? Do you think SS and Medicare are perfect programs and NOTHING needs to changed, destroyed, about them?
     
  10. Paul7

    Paul7 Well-Known Member

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    I predict the LW will continue to lie about it.
     
  11. nopartisanbull

    nopartisanbull Well-Known Member

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    We have an actuarial obligation to keep funding SS, and today's benefit payments =

    Contributions
    +
    Interest payments
    +
    Taxation
    +
    Several billions of SWAP dollars, thus, from INTRAGOV to the Public Debt.

    NOTE: Since January, 2020, The Treasury's semi-annual interest payments to the Trust funds are Public Debt dollars.

    NOTE: Trump's proposal to reduce payroll taxes to ZERO, (through end of 2020), equates to 850 billion SWAP dollars, and over four years, 3.4 trillion SWAP dollars, thus, would liquidate the SS Trust Fund.

    NOTE: In the short term, SWAP dollars do not increase the Debt.

    BLUEGUY, now that the facts are on the table, IN YOUR OWN WORDS, how would you privatize SS without raising contributions, and without SWAPPING?
     
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    Trump has proposed a temporary reduction in payroll taxes. I'm not for it particularly. EVERY plan to reform SS protects current and soon to be beneficiaries. I've been collecting for almost a year myself now. No one is saying there will not be a federal retirement system. I would put in partial privatization, raise the retirement age progressively index to cost of living not wage increases. Then transition to a safe 401k type program with government match with a mix of T-Bills, broad index mutuals and interest accounts. Those are the mechanics. I would get everyone back to work, making good money with a strong economy THAT is how you make they system work, paying out greater benefits and more people in political payoffs is what bankrupts the system.
     
  13. david gullikson

    david gullikson Banned

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    But certainly leave the guy collecting for approx. a year out of any reductions. He is one of the guys that actually earned his SS. Not those other, lazy folks.
     
  14. nopartisanbull

    nopartisanbull Well-Known Member

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    Here's my plan;

    FACT: We're the only country in the world with a mortgage interest deduction, cost; $77 billion
    FACT: We're the only country in the world where only the business portion of payroll taxes is deductible.

    NOTE: My sister is married to a Canadian Radiologist, and both resides in British Columbia. His SS contributions are 25% tax deductible, however, ZERO mortgage interest deduction.

    Before I continue, do you want to verify said facts?...….I'll show you an overhaul.
     
    Last edited: May 18, 2020
  15. Antiduopolist

    Antiduopolist Well-Known Member

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    You definitely don't want to vote for the Pepsi conservative Rapin' Joe Biden if Social Security concerns you.

    He wants to burn it to the ground.

    As far as the OP goes, just more Democrat Party smoke, mirrors and chicanery.

    But Democrats gotta Democrat.

    :)
     
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  16. Bluesguy

    Bluesguy Well-Known Member Donor

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    Since you got the first "FACT" wrong no need for you to continue.
     

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