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New GOP Congress Fires Shot At Social Security On Day One

Posted by on Jan. 6, 2015 at 8:45 PM
  • 7 Replies

New GOP Congress Fires Shot At Social Security On Day One

http://talkingpointsmemo.com/dc/social-security-di-house-rules-change 

With a little-noticed proposal, Republicans took aim at Social Security on the very first day of the 114th Congress. 

The incoming GOP majority approved late Tuesday a new rule that experts say could provoke an unprecedented crisis that conservatives could use as leverage in upcoming debates over entitlement reform. 

The largely overlooked change puts a new restriction on the routine transfer of tax revenues between the traditional Social Security retirement trust fund and the Social Security disability program. The transfers, known as reallocation, had historically been routine; the liberal Center for Budget and Policy Priorities said Tuesday that they had been made 11 times. The CBPP added that the disability insurance program "isn't broken," but the program has been strained by demographic trends that the reallocations are intended to address.


Please don't underestimate the damage they can do the next two years.
by on Jan. 6, 2015 at 8:45 PM
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Replies (1-7):
NWP
by Guerilla Girl on Jan. 6, 2015 at 8:46 PM

Good Friggin' Grief!

littlemum41
by on Jan. 6, 2015 at 9:13 PM

Oh hell no!

ED95120
by on Jan. 6, 2015 at 9:17 PM

This isn't surprising they have been trying to rip SS to shreds for generations now. 

Friday
by Platinum Member on Jan. 6, 2015 at 9:28 PM
This is gonna suck.
Sisteract
by Socialist Hippie on Jan. 6, 2015 at 9:35 PM

First they raid the funds and now this.

Ironic, isn't it.

Cash me out- every dime and I'll manage by own money.


bluefirewolf
by Bronze Member on Jan. 6, 2015 at 10:27 PM
I wish only the people that voted for these assholes suffered the consequences
bluefirewolf
by Bronze Member on Jan. 6, 2015 at 10:50 PM
Watch them try to completely privatize public schools, ban all abortions, etc, etc... it's not like they've been hiding their intents all these years. Either this is what the majority of voters want for this country,or they have an inability to retain info. And for the people that didnt vote, well yeah you did and this is what you voted for in case you don't think your vote matters. As for the rest who did vote but not this way, i dont know what to tell you. If you're young there are plenty of countries that offer more in terms of education, health benefits, and treat their elderly much better than the U.S. for the rest of us, maybe aunt mable that hid all her money in her mattress was right. Just have to keep on voting, or see if other counties are willing to take in some older folks. Capitalism is a failed economic system if it doesn't have some socialism mixed in and if it isn't regulated imo. Did you know that studies have been done that show that the rich give less to charities than the middle class? Also at this point the majority are rich not because they worked hard, etc., but because they inherited it. Just saying...
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