Trump’s Republican Party will make retirement for seniors virtually impossible. GOP Representative Sam Johnson introduced a bill to drastically cut Social Security benefits and raise the retirement age to 70.
As expected, Sam Johnson, the chairman of the Social Security Subcommittee of Ways and Means, introduced a bill that is falsely named the “Plan To Permanently Save Social Security.” But the name is a misnomer.
The legislation will negatively affect retirement plans for American workers aged 49 and under. The bill will lower Social Security benefits by one-third to retirees and those drawing Social Security Disability Retirement and raise their retirement to 70 years old.
With Republicans holding both houses of Congress and the presidency, we knew that Paul Ryan would attack the social safety net and retirement. He repeatedly tried in the past to get legislation to cut “entitlements.”
Calling Social Security and Medicare entitlements is wrong. Workers pay into both their entire career, and if the federal government would leave it alone, it would be solvent today.
But the government cannot leave it alone. The president who began dismantling the middle-class to favor the wealthy, the evil Ronald Reagan, stole money from the Socal Security funds to pay for his tax cuts for the wealthy and corporations.
George W. Bush also stole from the fund to pay for his two illegal wars and finance the pharmaceutical-friendly Medicare Part D. Both were unfunded in his budget and he had to get the money somewhere, so he robbed the Social Security Trust Fund. The federal government owes the fund trillions of dollars.
Instead of paying back the money taken from the fund, Ryan and his band of heartless thugs want to cut benefits and make it harder for individuals who worked their entire lives to make this nation great to retire and live out their golden years in peace.
Trump is on board, too. In spite of lying to the American people by saying that he would not touch Social Security or Medicare, he will march right along with Ryan and Johnson.
Ryan and Johnson want young people to invest in retirement accounts in banks and financial institutions, the Republican Party’s base. They prefer to make the one-percent of Americans richer at the expense of the needy and retirees.
The opposition to the legislation is loud, too. Minority Leader Nancy Pelosi made the following statement:
“Apparently nothing upsets House Republicans like the idea of hard-working people getting to enjoy a secure and dignified retirement. While Speaker Ryan sharpens his knives for Medicare, Chairman Johnson’s bill is an alarming sign that Republicans are greedily eying devastating cuts to Americans’ Social Security benefits as well.
Cutting Social Security would have devastating consequences for Americans’ retirement security. At a time when Americans are more anxious about their retirement than ever, the top Republican on the Social Security Subcommittee is rolling out legislation that cuts benefits by more than a third, raises the retirement age from 67 to 69, cuts seniors’ cost of living adjustments, and targets benefits for the families of disabled and retired workers.
Slashing Social Security and ending Medicare are absolutely not what the American people voted for in November. Democrats will not stand by while Republicans dismantle the promise of a healthy and dignified retirement for working people in America.”
And this is not what Americans voted for in November. So many fell for Trump’s lie that Social Security and Medicare were safe and voted for him, only to find the exact opposite.
Yes, Trump lied again to benefit billionaires like himself in the banking and financial industries. They will make billions while future retirees live on a shoe string. That’s the Republican Party for you!
Americans 49 years of age or younger must know of this legislation that will affect their futures. Please share this on Facebook so others will know that Republicans and Donald Trump DO NOT represent their current and future interests and lives.