GOP Plans To Hold Social Security Hostage -- And 'Phase Out' Medicare. Don't Let Them!
Yes, the GOP plans to hold Social Security hostage this year by refusing to allow a thing that's always been allowed, and they're counting on forcing Dems to cut benefits. Nancy Altman, co-director of Social Security Works, explains:
Although today's Congress does not seem likely to expand Social Security benefits, the Democrats could force their hand. Though one single payment is deducted from paychecks for Social Security, its revenue is divided into two separate trusts. From time to time rebalancing is required. One would think that Social Security trustees have the authority to do this simple rebalancing themselves. But that is not how the law works. Instead, rebalancing requires an act of Congress.
The Trustees Report once again projects that Congress must act before the end of 2016 to rebalance Social Security's trust funds. If that is not done, Social Security's disability benefits will be cut by around 20 percent. Rebalancing should be routine and has been so in the past.
http://crooksandliars.com/2015/07/republicans-plan-hold-social-security
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