In a Monday interview, Trump suggested cutting Social Security and Medicare

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
When asked how the country could cut discretionary spending and his outlook on handling entitlements like Social Security and Medicare benefits, Trump suggested cuts could be made to the programs, which offer guaranteed financial support to retired and disabled workers.

"There is a lot you can do in terms of entitlements in terms of cutting and in terms of also the theft and the bad management of entitlements, tremendous bad management of entitlements. There's tremendous amounts of things and numbers of things you can do," Trump told CNBC's Joe Kernan in a rambling response to the question that touched on the stock market, oil drilling, and his administration's response to the COVID pandemic.

https://news.yahoo.com/trumps-campaign-goes-damage-control-033516229.html
 
Given how many MAGAs are on social security or SS disability benefits, it would be really funny to see them cheering :cheer: for their Tangerine Messiah to cut their benefits.
 
And with so many retirees relying on the benefits, any cuts to the program could have a significant impact on their financial outlook. As BI previously reported, about 13% of retirees are in poverty, and the majority of Americans over the age of 65 are living on $30,000 or less a year.
 
Guno צְבִי;5926497 said:
And with so many retirees relying on the benefits, any cuts to the program could have a significant impact on their financial outlook. As BI previously reported, about 13% of retirees are in poverty, and the majority of Americans over the age of 65 are living on $30,000 or less a year.
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Cutting the benefits would have a significant impact on the economy in general, because MANY of the people receiving those benefits are people who spend every penny of them on essentials. Taking money from the poor...IS TAKING MONEY FROM THE ECONOMY.

Obviously there are other reasons, moral reasons, for wanting to provide benefits for people who need them, but even if one disregards those reasons...the impact on the economy should matter to sane and intelligent people.
 
Guno צְבִי;5926497 said:
And with so many retirees relying on the benefits, any cuts to the program could have a significant impact on their financial outlook. As BI previously reported, about 13% of retirees are in poverty, and the majority of Americans over the age of 65 are living on $30,000 or less a year.
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That's not an excuse to bury our head in the sand over the challenges S.S. faces. Doing nothing today will only increase the number of people hurt in the future who will rely on it.
 
Guno צְבִי;5926230 said:
When asked how the country could cut discretionary spending and his outlook on handling entitlements like Social Security and Medicare benefits, Trump suggested cuts could be made to the programs, which offer guaranteed financial support to retired and disabled workers.

"There is a lot you can do in terms of entitlements in terms of cutting and in terms of also the theft and the bad management of entitlements, tremendous bad management of entitlements. There's tremendous amounts of things and numbers of things you can do," Trump told CNBC's Joe Kernan in a rambling response to the question that touched on the stock market, oil drilling, and his administration's response to the COVID pandemic.

https://news.yahoo.com/trumps-campaign-goes-damage-control-033516229.html
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Fake news.

Trump has NEVER suggested cutting social security or medicare.
 
Guno צְבִי;5926497 said:
And with so many retirees relying on the benefits, any cuts to the program could have a significant impact on their financial outlook. As BI previously reported, about 13% of retirees are in poverty, and the majority of Americans over the age of 65 are living on $30,000 or less a year.
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You have to wonder what these people think would happen in this country if those benefits, marginal at best for most recipients, were cut or eliminated. What benefit could outweigh the harm? I've never heard that discussed in plain language.
 
I wonder if lib'ruls would object to cutting SS checks for people earning more than $1M a year in interest, dividends and other sources.......you know, people like Trump, Biden, Pelosi, McConnel, et al........
 
PostmodernProphet said:
I wonder if lib'ruls would object to cutting SS checks for people earning more than $1M a year in interest, dividends and other sources.......you know, people like Trump, Biden, Pelosi, McConnel, et al........
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Many liberals probably would support it but a better approach would be not to ceiling their SS income tax.
 
PostmodernProphet said:
no.....that wouldn't be a better approach......limiting expenditure is far better than increasing taxes.......
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That is confused. SS exists on a separate plain, a plain apart from the regular expenditures of the government, which is why it has its own tax and its own beneficiaries of that tax.
 
martin said:
That is confused. SS exists on a separate plain, a plain apart from the regular expenditures of the government, which is why it has its own tax and its own beneficiaries of that tax.
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only confusing to demmycrats........my suggestion was to end SS benefits to people alreading earning a million dollars a year in interest and dividends......if you don't think that is a SS expenditure you are one ignorant puppy......
 
martin said:
You have to wonder what these people think would happen in this country if those benefits, marginal at best for most recipients, were cut or eliminated. What benefit could outweigh the harm? I've never heard that discussed in plain language.
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The S.S. trust fund surplus will run out in 2033. If nothing is done then benefits will be cut 25% in 2034 (according to the CBO). That's not all that far away. Yet if you listen to politicians they'll claim nothing needs to be done to the system so we all walk around with out head in the sand. And the longer we wait to address this, the more painful it's going to be. But that is what we choose to do as a county.
 
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PostmodernProphet said:
only confusing to demmycrats........my suggestion was to end SS benefits to people alreading earning a million dollars a year in interest and dividends......if you don't think that is a SS expenditure you are one ignorant puppy......
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Helps to change the argument. With that one I agree
 
cawacko said:
The S.S. trust fund surplus will run out in 2033. If nothing is done then benefits will be cut 25% in 2034 (according to the CBO). That's not all that far away. Yet if you listen to politicians they'll claim nothing needs to be done to the system so we all walk around with out head in the sand. And the longer we wait to address this, the more painful it's going to be. But that is what we choose to do as a county.
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Democrats have proposed for years ending the taxable income cut off. They’re not saying nothing needs to be done. Problem is Republicans feel hedged in by donors and are afraid to do anything.
 
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