By Free Republic | Created at 2024-12-21 18:09:19 | Updated at 2024-12-22 18:37:23
1 day ago
After Lying That Trump Wants to Cut After Lying That Trump Wants to Cut Social Security, Dems Rush Bill That Will Cut Benefits – Need Biden to Sign Before Trump Arrives
https://www.thegatewaypundit.com ^ | 12/21/2024 | Samuel Short, The Western Journal
Posted on 12/21/2024 9:49:14 AM PST by bitt
Democrats have been caught doing the very thing they’ve been accusing President-elect Donald Trump of doing: Cutting Social Security.
On Wednesday, the U.K. Daily Mail reported Senate Democrats are trying to push through a Social Security reform bill they want to see signed by President Joe Biden before Trump takes office.
The Social Security Fairness Act aims to repeal provisions that reduce payouts to public sector employees like police officers, firefighters, teachers, and post workers. The Mail cites The Committee for a Responsible Budget in their article, and that group states this would make Social Security insolvent six months earlier than current projections by giving increased benefits to 3 million people who paid into their state or local pensions that did not pay Social Security.
The CRFB also states, “As a result, we estimate a typical dual-income couple retiring in 2033 would see their benefits cut by an additional $25,000 over their lifetime.”
The think tank says if Social Security runs out of money under this bill, as much as $400,000 in benefits would be lost for the average couple. CRFB states the cost for the bill over the next decade — citing the Congressional Budget Office — would be $190 billion.
After already passing in the House of Representatives, the push for a vote in the Senate comes from Democrat Sen. Chuck Schumer while Republican Sen. Rand Paul wants to add an amendment to the bill gradually raising the age of retirement to 70.
(Excerpt) Read more at thegatewaypundit.com ...
TOPICS:
KEYWORDS: bidencrimewave; dirtydems; socialsecurity
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1 posted on 12/21/2024 9:49:14 AM PST by bitt
To: null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; bitt; ...
2 posted on 12/21/2024 9:49:27 AM PST by bitt (<img src=' 'width=30%>)
To: bitt
I dont care. When the cheat of 2020 is exposed everything that dotard signed turns to dust.
3 posted on 12/21/2024 9:52:11 AM PST by Gasshog
To: bitt
The looting of the US Treasury is in peril.
Quick! Take what you can!
It’s $20 booth time.
To: bitt
They’re doing this now…why?
Just to try to pin this on Trump?
They have to fix social security Trump will look into it
It was a badly devised plan to begins with
A terrible plan
5 posted on 12/21/2024 9:55:40 AM PST by stanne (Because they were mesmerized by Obama, the man for whom this was named, whose name they left out of )
To: bitt
6 posted on 12/21/2024 9:56:51 AM PST by LouAvul (He that ruleth over men must be just, ruling in the fear of God. [2 Sam 23:3])
To: bitt
7 posted on 12/21/2024 9:58:19 AM PST by citizen (Political incrementalism is like compound interest for liberals - every little bit adds up.)
To: LouAvul; Admin Moderator
Yes, it looks really dumb.
8 posted on 12/21/2024 10:00:01 AM PST by citizen (Political incrementalism is like compound interest for liberals - every little bit adds up.)
To: WeaslesRippedMyFlesh
No reason whatsoever that govt workers should get one penny of SS not paid into.
To: stanne
It was reasonable when it started; only people who actually paid into it could collect, and the earliest collection age was higher than the average life-span. And then the politicians got their hands on it. An actual SS Lockbox would have helped as well, instead of just being a campaign talking point during one election cycle.
10 posted on 12/21/2024 10:03:13 AM PST by Bernard (Issue an annual budget, And Issue a federal government balance sheet. Let's see what we got.)
To: bitt
People who haven’t paid in should not be able to take anything out. That’s what needs to change.
11 posted on 12/21/2024 10:03:30 AM PST by Not A Snowbird (The judgement has been lifted. Thank you, Lord. (@FeistyFed on TS) 🐝.)
To: bitt
This story is dishonest.
Lots of loaded language and falsehoods here. Say someone earns a state or local pension, and did not pay into SS during that time. Then afterwards, they also earn their 40 quarters of SS. The earnings of those quarters assign them a monthly SS value. The government currently steals about half of that. If that same person earned the same 40 quarters, but without another pension, they would get the full amount of SS.
This law merely allows someone to get whatever SS their contributions earned regardless of other work they did in their life.
That is why it passed with giant margins.
Endless hundreds of billions for Ukraine, Afghanistan, Gaza, mass immigration etc. but God forbid retirees get the exact SS their contributions earned them.
And of course, while they were cheating retirees out of half, illegal aliens were getting full ride disability without paying a day into social security.
12 posted on 12/21/2024 10:03:56 AM PST by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI..)
To: bitt
Whether Trump himself wishes or intends to cut Social Security benefits might well be moot, rendered so by the bond market that walks away from the fed's bond window pitching the economy and the nation into extremis, leaving no choice but to touch the third rail of American politics.
13 posted on 12/21/2024 10:05:08 AM PST by nathanbedford (Attack, repeat, attack! - Bull Halsey)
To: bitt
Every dollar you earn in investment return or any other source over a certain amount reduces your social security benefit amount, dollar for dollar. At least that’s what they tell me......
14 posted on 12/21/2024 10:05:10 AM PST by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
To: bitt
15 posted on 12/21/2024 10:07:13 AM PST by philman_36 (Pride breakfasted with plenty, dined with poverty and supped with infamy. Benjamin Franklin)
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