As the country sinks deeper into debt our leaders must make the difficult decisions to protect our solvency. One big chunk of cash that could be trimmed is Social Security. Originally the system was developed as a fail safe to help seniors in the last years of their life. However, as US lifespans have increased and the baby boomers reach retirement age Social Security must be “tinkered with” to prevent bankruptcy.
But Harry Reid has announced today “hands off” the sacred Social Security Cow.
Reid’s sweeping rejection comes as congressional Republicans are calling for reductions in Social Security benefits, arguing that cuts to the program should be part of any long-term deficit reduction plan.
“The reason they’re going after Social Security is that’s where the money is,” Reid said. “They want to take money that isn’t theirs.”
Do you think the 2nd Amendment will be destroyed by the Biden Administration?
Harry should understand that the Tax dollars he is spending is not coming from the Progressives pocket, it is coming from the tax payers. That is our money and if the politicians who have been spending our money like drunken sailors (sorry drunken sailors) woke up and figured that out years ago, social security and everything else might be off the table.
Reid made the comments on a video made at a Capitol event with the Progressive Change Campaign Committee. The PCCC held the event to thank Reid for taking an aggressive stand to “protect social security.”
“As long as I’m the majority leader, I’m going to do everything within my legislative powers to prevent privatizing or eliminating Social Security — put simply, say, ‘It’s off the table,'” said Reid in remarks that will likely be referenced in the future as the debate over Social Security continues.
The program’s actuaries say it can pay full benefits at least until 2037 and roughly four-fifths of benefits in the decades after. “The most successful social program in the history of the world is Social Security,” Reid said.
Perhaps Senator Reid should take a look at the report created by the President’s bi-partisan commission on Debt which said that we must make Social Security solvent prevent the projected 22% cuts to come in 2037, reduce elderly poverty, and distribute the burden fairly. In other words if we wait till 2037 it will be much too late.
Senator Reid’s approach is typical of the progressives, kick the can down the road and demonize, demonize, demonize. If he get his way we will wake up in 26 years with a bankrupt Social Security system.