Free Republic

Social Security is barreling toward a 24% across-the-board benefit cut in 2032 that would slash roughly $500 a month from the average retiree's check — a hit that totals about $345 billion a year nationwide, according to a first-of-its-kind report from the Committee for a Responsible Federal Budget, a Washington fiscal watchdog. Yet as that fiscal cliff draws closer, the Trump administration is simultaneously pushing Wall Street-style Trump Accounts and quietly reshaping the Social Security Administration in ways that already make it harder for millions to access disability benefits. The group warns that without congressional action, "no state would be...

A growing number of House Democrats are concerned that President Obama's proposal to cut Social Security benefits will haunt the party at the polls in 2014. Although Democrats have long-championed the retirement program, they say Obama's plan to reduce payments for future beneficiaries through a chained consumer price index (CPI) has weakened their stance and opened the door for Republicans to vilify the president. The leader of the campaign arm for House Republicans, Rep. Greg Walden (Ore.), on Wednesday called Obama’s plan a "shocking attack on seniors." Rep. Chris Van Hollen (Md.), the former head of the Democratic Congressional Campaign...