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Wed Jan 7, 2015, 09:19 PM

Warren: ‘The GOP is inventing a Social Security crisis’

Posted with permission.

http://www.msnbc.com/rachel-maddow-show/warren-the-gop-inventing-social-security-crisis


Warren: ‘The GOP is inventing a Social Security crisis’
01/07/15 04:36 PM—Updated 01/07/15 06:04 PM
By Steve Benen


House Republicans, literally on the first day of the new Congress, quietly went after Social Security last night, and as Sen. Elizabeth Warren (D-Mass.) put it, GOP lawmakers are “inventing a Social Security crisis.”

Here’s the deal. Social Security doesn’t just provide benefits to seniors once they retire; the system also includes a disability-insurance program for those who want to work but can’t due to health reasons.

Over the course of the last several decades, when the disability-insurance program runs short on funds, Congress transfers money from elsewhere in the Social Security system to prevent benefit cuts. It’s never been especially controversial – in fact, it’s been done 11 times over the last seven decades.

And, with the disability-insurance program facing a shortfall next year, Social Security proponents expect this Congress to do what previous Congresses have done. The system’s trustees have seen this coming – it’s largely the result of demographic changes – and the fix should be pretty straightforward.

Not only do congressional Republicans oppose the fix, as Dylan Scott explained, GOP lawmakers also took steps yesterday to make the solution almost impossible to pass.

The incoming GOP majority approved late Tuesday a new rule that experts say could provoke an unprecedented crisis that conservatives could use as leverage in upcoming debates over entitlement reform.

The largely overlooked change puts a new restriction on the routine transfer of tax revenues between the traditional Social Security retirement trust fund and the Social Security disability program.


Republicans didn’t prohibit the transfers, sometimes called “reallocation,” but the new policy does say that transfers must “improve the overall financial health of the combined Social Security Trust Funds.” And as TPM’s report added, “While that language is vague, experts say it would likely mean any reallocation would have to be balanced by new revenues or benefit cuts.”

And that’s a problem.


At first blush, a provision that says it want to “improve the overall financial health” of the Social Security system may sound great, but the devil is in the details. For one thing, transferring funds to the disability-insurance program would have little discernible effect on the system’s financial health, so it’s not as if Republicans can say this new policy of theirs is somehow intended to “protect” Social Security.

For another, this little unannounced stunt in the House floor last night seems to clear the way for proposed Social Security cuts, which would be consistent with congressional Republicans’ larger goals.

And finally, if the disability-insurance program doesn’t get the resources it needs, households that rely on these benefits – which is to say, people who physically cannot work – will face drastic Social Security reductions.


When looking ahead to the more contentious fights of the 11th Congress, many of us, including me, hadn’t given much thought to Social Security. As of last night, that changed.

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Arrow 21 replies Author Time Post
Reply Warren: ‘The GOP is inventing a Social Security crisis’ (Original post)
babylonsister Jan 2015 OP
Gothmog Jan 2015 #1
L0oniX Jan 2015 #13
StevePaulson Jan 2015 #16
KayLaw Jan 2015 #21
Historic NY Jan 2015 #2
midnight Jan 2015 #3
Scuba Jan 2015 #4
StevePaulson Jan 2015 #17
demigoddess Jan 2015 #5
Ed Suspicious Jan 2015 #15
lpbk2713 Jan 2015 #6
RiverLover Jan 2015 #7
bananas Jan 2015 #9
hootinholler Jan 2015 #8
msongs Jan 2015 #10
babylonsister Jan 2015 #11
Bandit Jan 2015 #20
blkmusclmachine Jan 2015 #14
L0oniX Jan 2015 #12
SpankMe Jan 2015 #18
polynomial Jan 2015 #19

Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:27 PM

1. Social Security used to be the third rail of American politics

The GOP is getting really arrogant if the GOP think that voters will not remember this

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Response to Gothmog (Reply #1)

Wed Jan 7, 2015, 11:15 PM

13. First someone has to inform the usual idiot repuke voters on SS.

 

Who's gonna do that? Fox?

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Response to L0oniX (Reply #13)

Thu Jan 8, 2015, 02:58 AM

16. Yep, Brainwashed Republicans Only Watch Fox

And listen to Rush.

"The Needy" are to be urinated on. Them "takers".

And the MSM keeps mum. They're gettin' paid so
why make waves.

Them folks that need SSI to hell with them. They
aren't workin' and bein' productive (piling money
into the Swiss bank accounts of the billionaires).

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Response to L0oniX (Reply #13)

Thu Jan 8, 2015, 05:20 PM

21. I'm using Facebook.

There is a good page called, "Social Security Works." I'm sharing their memes and anything else that comes along.

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:28 PM

2. They have been manufacturing crisis for years...

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:44 PM

3. Yes they are. Wis. Sen. Paul Ryan wants Wall Street to fix this crisis.

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:53 PM

4. Our nation only has one financial problem ....

 

An unwillingness to tax the people who have all the money.

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Response to Scuba (Reply #4)

Thu Jan 8, 2015, 03:00 AM

17. ++++++++++

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:57 PM

5. What else is new?

post office crisis comes to mind.

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Response to demigoddess (Reply #5)

Thu Jan 8, 2015, 12:10 AM

15. Exactly what came to my mind. They are transparent in intention.

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:57 PM

6. If not SoSec it would be something else.




They are the party of fear and hysteria. It has always worked for them in the past.

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 09:57 PM

7. When conservatives(& Obama) tried to cut SS last year, Liz said we should RAISE social security.



I love her!

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Response to RiverLover (Reply #7)

Wed Jan 7, 2015, 10:49 PM

9. And she's right; we need more like her in Congress. nt

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 10:37 PM

8. Thank you teabagging assholes

Talk about cutting off one's nose to spite their face.

Hopefully, the new revenue can be had by lifting the cap on salary taxable for SS.

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 11:01 PM

10. too bad dems did nothing about this when they held the white house and both houses of congress eh? n

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Response to msongs (Reply #10)

Wed Jan 7, 2015, 11:03 PM

11. What should they have done, oh wise one? nt

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Response to babylonsister (Reply #11)

Thu Jan 8, 2015, 05:13 PM

20. Kinda funny how Democrats can NEVER think of any solutions but Republicans

are always full of ideas to cut and/or eliminate Government..

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Response to msongs (Reply #10)

Thu Jan 8, 2015, 12:01 AM

14. "Wouldn't be 'bi-partisan.'"

 

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Response to babylonsister (Original post)

Wed Jan 7, 2015, 11:12 PM

12. ...and the Democats we've elected are saying nothing about it?

 

...too busy kissing corporate ass?
...looking for missing spine?
...can't get away from the K Street dinner table?
...selling lemon aid for campaign contributions?

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Response to babylonsister (Original post)

Thu Jan 8, 2015, 03:47 PM

18. While the Pentagon is requesting $601B for 2015,

...we don't hear a word about paring that back a bit.

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Response to babylonsister (Original post)

Thu Jan 8, 2015, 04:08 PM

19. The Democrats need a plan to encourage Online Jobs

Especially with the disabled, encouraging Online Internet Jobs is the future money machine for both disability people and those billionaire one percenters that want to make more money.

Its stupid to cut money for disability in this technological society we have.

This GOP represents a culture in government similar in many ways to old third world types America is in conflict right now. Beside America used toxic warfare experiment in Iraq not talked about that has created severe disabilities in American veterans...

Operation Desert Storm, fought in 1991, was the first time in military history that depleted uranium was used. Now never talked about but is the responsibility still ours, of course and it was the Bush family that profiteered through this endeavor at the expense of American and Iraqi lives.

Herbert Walker Bush should parachute down and do a wheel through to inspect the war torn of that era. Better yet every Journalist that supported that time should same sample the water to see if its good.

That depleted uranium contaminate water and soil and enter into the food chain. The particles are so small that they can be blown by wind for tens of kilometers. The uranium aerosol enters the body through ingestion or inhalation, or through coming in contact with an open wound.

That’s the real reason to get out. Our America Herbert Walker Bush president poisoned these Iraqi people with all the intention to make them suffer for a long time.

American service men and women subjected to a horror of unbelievable truisms in that toxicity of Depleted Uranium does not come only from its capacity to kill life, but also its ability to create an array of pathologies and afflictions.

In the lungs, the radioactive uranium dust has a bio-toxic life span of close to one year. It can cause many acute symptoms due to its immediate chemical toxicity, which irritates and destroys lung tissue.

As it makes its way to the blood stream, the uranium oxides bind with organic compounds to form chemical and organic complexes that deposit in the bones, lymphatic system, liver, and kidneys. This stuff is radioactive toxicity, more than its chemical toxicity, affects the development of different kinds of malignancies and genetic mutations.

Still, the chemical and irradiation toxicity happen simultaneously to produce a series of acute, chronic, and deadly ailments.

This is a war crime.

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