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applegrove

(120,164 posts)
Fri Jun 14, 2024, 07:18 PM Jun 14

Robert Reich: This is why Trump and the GOP are obsessed with cutting Social Security and Medicare. So they can justify


Post by @rbreich
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Robert Reich:

Cost of extending the expiring Trump tax cuts: $4.6 trillion.

Cost of proposed additional corporate tax breaks: $1 trillion

This is why Trump and the GOP are obsessed with cutting Social Security and Medicare.

So they can justify another round of giveaways to corporate donors.
32 replies = new reply since forum marked as read
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Robert Reich: This is why Trump and the GOP are obsessed with cutting Social Security and Medicare. So they can justify (Original Post) applegrove Jun 14 OP
K and R senseandsensibility Jun 14 #1
Cut, underfund, claim it doesn't work, then kill it Warpy Jun 14 #2
So they can justify robbing all of us of our retirement that we have paid into. chowder66 Jun 14 #3
I have no problem with tax breaks for corporations and the wealthy. cstanleytech Jun 14 #4
And what little may trickle down... GiqueCee Jun 15 #15
I have a problem.With it I think they should go back to the tax rates of the nineteen fifties Tribetime Jun 15 #25
Supporters enid602 Jun 14 #5
Medicare/Medicaid is well represented at TSF rallies. flashman13 Jun 14 #6
They sit and watch Fox news all day hadEnuf Jun 15 #18
Because they vote for people who hurt the people they want to see hurt the most. Celerity Jun 15 #20
♫ They rob from the poor ♫ sakabatou Jun 14 #7
To pocket Americans' $$$ plain and simple. (With kickbacks to their "donors") live love laugh Jun 14 #8
"donors?" should call them "investors" rampartc Jun 15 #10
Imagine what America can be.... Good Dog Jun 15 #9
Same thoughts, though I would add healthcare Cosmocat Jun 15 #16
In other words Farmer-Rick Jun 15 #11
K&R spanone Jun 15 #12
k and r BoRaGard Jun 15 #13
The are not vested in social security Puppyjive Jun 15 #14
I'll have to do some digging... GiqueCee Jun 15 #17
Yes but the SS Administration buys US bonds with the money ... aggiesal Jun 15 #29
Well... GiqueCee Jun 15 #32
people don't even realize that expiring tax cut even existed! Hieronymus Phact Jun 15 #19
We've got to get it through JustAnotherGen Jun 15 #21
Gotta love Robert Reich...4'11" with a beard that makes him look like an ewok but awesome. PeaceWave Jun 15 #22
That and selfishness. nt Hotler Jun 15 #23
But... but... didn't I already pay for these earned benefits with paycheck deductions Martin Eden Jun 15 #24
When in power, the GOP always backs up their limos to the US Treasury. Irish_Dem Jun 15 #26
"The facts are simple: Donald Trump and his MAGA Republicans have repeatedly sought to cut Social Security, Medicare, red dog 1 Jun 15 #27
Party Of The Rich policies work for the rich every time. czarjak Jun 15 #28
Every Dem candidate needs to hammer on SSh captain queeg Jun 15 #30
The cutters don't give a shit about deficits Model35mech Jun 15 #31

Warpy

(112,155 posts)
2. Cut, underfund, claim it doesn't work, then kill it
Fri Jun 14, 2024, 08:14 PM
Jun 14

Same damned playbook the servants of the super rich who get into government use world wide.

chowder66

(9,414 posts)
3. So they can justify robbing all of us of our retirement that we have paid into.
Fri Jun 14, 2024, 09:19 PM
Jun 14

Because being rich just isn't enough.

cstanleytech

(26,546 posts)
4. I have no problem with tax breaks for corporations and the wealthy.
Fri Jun 14, 2024, 09:30 PM
Jun 14

The problem is though that Reaganomics of such tax breaks have proven themselves to an unmitigated disaster that never lead to anything except the wealthy becoming even more wealthy and they have been the only ones that such tax breaks have helped.

 

Tribetime

(4,906 posts)
25. I have a problem.With it I think they should go back to the tax rates of the nineteen fifties
Sat Jun 15, 2024, 04:01 PM
Jun 15

Maybe then could one breadwinner.Supply for a family of four and also have health insurance

enid602

(8,804 posts)
5. Supporters
Fri Jun 14, 2024, 09:43 PM
Jun 14

And from the looks of them, most of Trump’s older supporters appear to be among those who need these retirement/health benefits the most.

hadEnuf

(2,422 posts)
18. They sit and watch Fox news all day
Sat Jun 15, 2024, 08:15 AM
Jun 15

and listen to right wing radio in the car and the professional propaganda brainwashers tell them that it is in their best interests.

Celerity

(45,192 posts)
20. Because they vote for people who hurt the people they want to see hurt the most.
Sat Jun 15, 2024, 08:58 AM
Jun 15

Like I have said many times before: MAGAts will agree to have a finger chopped off as long as, for instance, a black women has her entire arm or leg cleaved off.

rampartc

(5,757 posts)
10. "donors?" should call them "investors"
Sat Jun 15, 2024, 07:08 AM
Jun 15

and let all the senators wear patches on their suits like nascar drivers do to salute their owners.

"nobody pays a $B to get a $200K job " rampart sr (on why he would never contribute to my campaign fund. advice that he repeated later as

"i didn't pay years of boy scout dues to raise a whore." sr

Good Dog

(6 posts)
9. Imagine what America can be....
Sat Jun 15, 2024, 06:47 AM
Jun 15

I find it so interesting and extremely frustrating that we are dealing with such big and serious issues in the U.S. that could and should have been resolved decades ago were it not for the Republican Party. Consider the three biggest immediate issues that we face today; "climate change" "guns" and "reproductive rights" not to mention race, gender and immigration. Think about it; do away with Republicans and their twisted ideology and we have what is akin to a utopia in America. The Democrats and even the most Liberal among them are decent, thoughtful and considerate of others. Instead we have a party with a leader that offers no solutions, divides us and creates bigger and bigger problems. Give Democrats a landslide sweeping victory in November, don't look back, and the U.S. will once again be the greatest country in the history of the world.

Farmer-Rick

(10,584 posts)
11. In other words
Sat Jun 15, 2024, 07:09 AM
Jun 15

They want to take the tax dollars you pay in for Medicare and Social Security in your payroll taxes. The GOP will use it to paper over the gaps in funding that are created when the filthy-rich and their corporations stop paying taxes.

Remember what happened to Greece under EU when their economy crashed in 2008? It didn't crash because the middle class wasn't paying their taxes.

Puppyjive

(530 posts)
14. The are not vested in social security
Sat Jun 15, 2024, 07:42 AM
Jun 15

You have to pay into it to get something out of it. Many of these 'self employed' business owners don't pay into social security. Furthermore, they don't want to pay the employer contributions. They don't want to save it because they hate paying into it. They hate paying taxes. They don't understand how taxes pay for infrastructure and clean water. They want everyone else to foot the bill.

GiqueCee

(928 posts)
17. I'll have to do some digging...
Sat Jun 15, 2024, 08:01 AM
Jun 15

... but I'm pretty sure the Budget Enforcement Act of 1990 was enacted specifically to prevent this kind of malicious raiding of the Social Security Trust Fund.
Bottom line: It's NOT the government's money, it's deferred wages held in trust until we reach retirement age, and these greedy fucks have NO RIGHT to touch it. But then, they're Republicans, so the rights of others mean nothing to them. They'll rape and pillage all they want, until those who have the power to stop them grow a pair and take them down without mercy. And you'd better believe that, if the tables were turned, you'd see no mercy from them.
We need only see their actions today to know what they'd do tomorrow.

aggiesal

(9,147 posts)
29. Yes but the SS Administration buys US bonds with the money ...
Sat Jun 15, 2024, 05:22 PM
Jun 15

Last edited Sun Jun 16, 2024, 11:48 AM - Edit history (1)

Their plan is to get gain interest on the money through bonds, instead of just sitting there
That's the SS Trust Fund that keeps getting mentioned.

If more SS $$$'s come in than go out, then the excess goes into the trust fund.
If more SS $$$'s go out than comes in, then the SSA sells bonds to cover the excess going out.

When you hear that SS is going bankrupt, it's the Trust Fund they are talking about.
This is by design. The Trust fund is supposed to dry up about ~2033.
If nothing is done to increase SS deposits, by that year, then Social Security will only pay out about 75% of the current monthly payment.
Increasing SS withholdings salaries up to $400K would keep monthly payments at 100%
If SS withholds salaries up to $2M, monthly payments could easily double from current monthly payments.

With Billions in the Trust Fund, that's what the wealthy want to get their grubby little hands on, before it's all gone.
They don't care about the money coming in, because their plan is to stop SS altogether, so no one will be paying into it anyway.

But that Trust Fund is just sitting there and they are just trying to literally rob the bank.

GiqueCee

(928 posts)
32. Well...
Sat Jun 15, 2024, 05:57 PM
Jun 15

... you have a much better handle on this than I do. Thank you for the enlightenment on the details. Now I know who to ask when I have a question!

Have a nice weekend!

Hieronymus Phact

(446 posts)
19. people don't even realize that expiring tax cut even existed!
Sat Jun 15, 2024, 08:53 AM
Jun 15

Go ahead ask some non-political regular types, you'll get blank stares about it as you explain why there's no money for anything.

Further, people who rely on Social security especially republicans, refuse to believe (surprise!) that the Repubs. want to cut the program. I keep telling them "the worst thing that can happen to you would be getting exactly what you've been voting for."

Don't make the mistake of assuming your political junkie knowledge level is the norm. it's not.

JustAnotherGen

(32,548 posts)
21. We've got to get it through
Sat Jun 15, 2024, 01:32 PM
Jun 15

The heads of millennial and Y's and Z's - who from time to time (not at DU) I read online or hear in person . . .

"Why should I have to pay for that when it won't be here for me?

I can't worry about 50 years from now
?"


Well guess what you guys. I'm 51. I never had kids. Know who has paid into your public school? Me.

Know who wasn't eligible for Stafford loans? Me. I wasn't eligible until the second half of my sophomore year - and the loans earned interest while in school - so I worked part time to keep them down. You got yours because I paid for it in the 1990's.

My mom died at 76 years of age last Wednesday. She paid INTO and received Social Security at the same time. She was paying for your grandparents and great grandparents at 76 and retired for 12 years.

Her parents died before they could collect Social Security and she was an only child with two children.

Selfish? Why should I have to pay for YOUR parents retiring in a few years?

I was model as a kid. I was one of the kids on the Kodak billboards - in Hawaiian Punch Commercials, Topps Baseball, etc etc. I've been paying into it since 1981.

WAKE UP AND SMELL THE SOCIAL CONTRACT!

Gen X has paid for the silents, boomers, millennials, y's and z's.

On these TWO THINGS - do not fuck us over. Please - don't do that to Gen X. Don't you . . . forget about me.

Martin Eden

(13,027 posts)
24. But... but... didn't I already pay for these earned benefits with paycheck deductions
Sat Jun 15, 2024, 03:58 PM
Jun 15

My entire working life

Doesn't that go for all the MAGAloons as well??

No way will ANY working folk, regardless of political persuasion, vote for a candidate or party who would take money out of their pockets like that and hand it to the filthy rich.

Unless they really ARE as stupid as they appear to be.

Irish_Dem

(52,433 posts)
26. When in power, the GOP always backs up their limos to the US Treasury.
Sat Jun 15, 2024, 04:07 PM
Jun 15

They take as much as they can grab.

Then the Dems have to fill up the piggybank when they are in power.
And do a clean up of all the other wreckage.

red dog 1

(28,357 posts)
27. "The facts are simple: Donald Trump and his MAGA Republicans have repeatedly sought to cut Social Security, Medicare,
Sat Jun 15, 2024, 04:42 PM
Jun 15

and Medicaid, while President Joe Biden has pledged to protect those programs."


https://www.youtube.com/post/UgkxpyZmTfWgJi6tzIaK3pzyFw6iGGVTtAh4

Model35mech

(1,993 posts)
31. The cutters don't give a shit about deficits
Sat Jun 15, 2024, 05:29 PM
Jun 15

Deficits are fodder that they feed to their sheep.

Don't you know deficits are only created by spending on things that don't deserved the spending?

It is NEVER a problem of LACK OF TAXATION, and too low National Fees strangling the revenue needed to fund essential programs.

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