Social Security Round-Up for 2/28

Rep. Bill Huzeinga (R-MI) championed these regressive cuts to Social Security during an appearance on Fox News last week. During a discussion about the federal budget deficit, Huzeinga said that we “certainly” should be having a “conversation” about raising the retirement age for Social Security. He explained that at a recent town hall meeting, a constituent complained about these cuts, and that Huzeinga responded by telling him, “Look, I’m 42. I’ll be 106 when these recommendations, if we adopted them right now, would actually come into place. I’m gonna be okay”

*Daily Kos: OMB Director Jacob Lew: Social Security isn't the problem:

The problem there is the horse already left the barn on the revenue side of things with the tax-cut deal. Yes, there’s a mismatch between outlays and revenues and the deal allows that mismatch to continue. Complicating this more for Social Security is the payroll tax holiday, and the revenues that will be lost for the program during a time when high unemployment is already creating a hit on it. So the difficulty for the administration in trying to create a parallel process for budget negotiation in which Social Security is strengthened is going to be next to impossible. Getting Social Security strengthened in this environment is going to be a massive challenge. At this point, just leaving it out of the negotiations entirely seems to be the saftest bet.

Page 4 of 4 | Previous page