(C) Common Dreams
This story was originally published by Common Dreams and is unaltered.
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Donald Trump Plans to Starve Social Security [1]
['Sabrina Davis']
Date: 2024-04-18
“Donald Trump recently received pushback when he said that ‘there is a lot you can do’ to cut Social Security. . So he is dusting off the old Republican playbook and bringing back the strategy known informally as ‘Starve the Beast.’ In this case, Social Security is the beast.
Social Security can only pay benefits if it has sufficient dedicated revenue to pay its costs. That is why it doesn’t contribute even a penny to the deficit. If Trump succeeds in slashing that dedicated revenue so that it is no longer sufficient to fully cover the cost, it will result in an automatic benefit reduction. This would happen without any Republicans having to vote for the cuts, or Trump having to sign them into law.
Although the reporting is that this is simply a recommendation from advisers, don’t be fooled. At the end of his term in office, Trump delayed Social Security’s dedicated revenue paid from workers and their employers. He was quite explicit that, if re-elected, he would convert that delay into a permanent cut.
The choice this election is clear: Trump and the Republicans will cut Social Security and give tax breaks to millionaires and billionaires. The Democrats will expand Social Security, paid for by requiring millionaires and billionaires to pay their fair share.”
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[1] Url:
https://socialsecurityworks.org/2024/04/18/donald-trump-plans-to-starve-social-security/
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