Republicans Sneak Bill To GUT Social Security, RAISE Retirement Age & REDUCE Benefits

[CousinIT]

Late last Thursday, Rep. Sam Johnson (R-Texas), the chair for the House Ways and Means Social Security subcommittee, introduced a bill that would raise the retirement age and reduce benefits as much as a third. The bill, called the the “Social Security Reform Act of 2016,” is intended to extend the life of the retirement program another 75 years, but the plan favors wealthier retirees and adds no new funding for the program.

According to ABC 10 News, Rep. Johnson introduced the bill labeled as a reform for the program instituted by beloved President Franklin D. Roosevelt. Johnson introduced the legislation just before the end of the congressional session, which is breaking for the holidays. Johnson claims that the bill would “permanently save” social security, but rather than helping to provide better benefits to American retirees, the changes would delay and curtail a dignified retirement.

As reported by CBS News, The Social Security Office of the Actuary estimates that the act would keep the trust fund solvent for another 75 years, but would include a $2 trillion decrease in revenue into the program and a $13.9 trillion decrease in benefits.

Currently, the Social Security system will require a 21 percent reduction in benefits in 2034 if not reformed. But rather than increasing the cap on Social Security pay-ins by workers, as suggested by Vermont Sen. Bernie Sanders, the Republicans seem determined to dissolve the national pension and force workers to rely more heavily on risky investment plans to secure a dignified retirement.

http://bipartisanreport.com/2016/12/13/republicans-sneak-bill-to-gut-social-security-raise-retirement-age-reduce-benefits/

[spanone]

1. the demise of the their party.

[C Moon]

8. Nah. All the dead Republicans are drooling in their graves right now.

They've been waiting for this opportunity since these programs were enacted.
I'm sure state unemployment will somehow be next on the agenda.
They are so proud of themselves right now. They will all have a wonderful holiday season, while the rest of us will have our last comfortable holiday season.
I believe they are going to send us tumbling into a depression (like they tried under Bush), but this time there will be no security for us to fall back on.

[doc03]

2. So Trump promised not to cut SS and Medicare even improve them, will he sign this bill?

If he does will the deplorables still support him?

[yeoman6987]

3. It's weird they are doing this with president obama

I hope he reads every billabd vetoes everything. Those repugs are sneaky.

[Kingofalldems]

13. Especially this traitor:

[world wide wally]

4. They couldn't care less if their "God" lies

[Cha]

11. Right.. but they just might care if their gd god cheats them

out of house and home.

[AlexSFCA]

7. veto?

I hope he threatens to veto it. We do know that trump is at odds with republicans on some issues, most notably trade and infrastructure. But he promised to keep SS and medicare so I wouldn't be freaking out yet. House republicans are very dumb. Senate is better.

But again, we need to start building relationships with the rust belt voters starting with common ground on SS, medicare, healthcare, etc. They need to see that democrats are not their enemies if we are serious about winning elections.

[Ilsa]

12. I think we should ask him if he'll sign it.

Another broken promise for electors to consider if he says he will.

[duffyduff]

5. It is DOA.

Not going to happen--EVER.

[Mr. Evil]

6. Not until January 21st.

[progressoid]

9. That's good. But that doesn't mean we shouldn't hang this around their necks.

People need to know what they want to do to us.

[Midnight Writer]

10. Absolutely. I am writing into my local newspaper today. Folk just don't know this stuff.

[BSdetect]

14. sneaky shits

Who would have thought they could try that? Sarcasm.