Posted on 09/08/2019 7:47:45 AM PDT by Olog-hai
Republicans in Congress have never been good at hiding their intentions to gut Social Security.
In recent years, GOP luminaries from Senate Majority Leader Mich McConnell of Kentucky down through Sen. Marcio Rubio of Florida and former House Speaker Paul Ryan of Wisconsin have talked about the need to slash “entitlements” because, you know, the cost of programs such as Social Security and Medicare is driving the federal deficit, leaving so little room for tax-cut handouts to the wealthy.
Now Sen. Joni Ernst (R-Iowa) has added her voice to the discussion, with an added fillip. During a town hall appearance in her home state over the weekend, Ernst said members of Congress should hold discussions about Social Security “behind closed doors.”
Secrecy is essential, she said, “so we’re not being scrutinized by this group or the other, and just have an open and honest conversation about what are some of the ideas that we have for maintaining Social Security in the future.”
A video clip of Ernst’s appearance was unearthed and published by Democratic operatives. It’s proper to note that Ernst doesn’t explicitly call for benefit cuts or privatizing Social Security. […]
But she gives away the game in other ways. To begin with, the only reason politicians ever take actions behind closed doors is that they know the results will be massively unpopular. Raising taxes on the rich to pay for Social Security benefits? That discussion can be held in the open, because the option is decisively favored in opinion polls. Cut benefits? That needs to be done in secret, because Americans overwhelmingly oppose it. …
(Excerpt) Read more at latimes.com ...
And to only those that paid into it. Right now we have family members of illegals that come over here through family reunification that are qualifying for SSI. I’d love to see the math when only those that paid into it, get it.
For the same reason they never talk about laying off or closing librarians, street workers, etc. They only talk about laying off cops and firepersons.
>>But she gives away the game in other ways. To begin with, the only reason politicians ever take actions behind closed doors is that they know the results will be massively unpopular.
Like OBAMACARE?
Most transparent industry takeover ever.
Adding up my donations to social security over 40 years, and using just my contributions, and using only 2% growth, I should have a minimum of 250K in an account. At 14K a year, that would last me about 21 years or age 83.
But 2% is low and this ignores the employer contribution matching my own.
My own account with those considered would have yielded double that amount minimum
In other words, social security participants have been terribly ripped off. The politicians lie.
And if you die at sixty, which both my older brothers did, they got nothing and their children got nothing from 40 years of labor,the feds got it all and are keeping it! That is why we need to privatize.
They wont “confiscate” 401Ks. They will first require some small portion of you 401K to hold US Treasury bonds in order to remain a “qualified” tax defered account.
Then over time, they will increase that required amount.
Excellent point
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