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Author
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Topic: Democrats rush bill that will cut Social Security benefits
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Dhyana
Knowflake Posts: 3536
From: US
Registered: Sep 2019
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posted December 21, 2024 02:23 PM
  
Democrats hastily trying to push through bill that 'would cost average couple $25,000' ahead of Trump's presidency http://www.dailymail.co.uk/news/article-14201711/democrats-social-security-bill-cost-average-couple.html IP: Logged |
Dhyana
Knowflake Posts: 3536
From: US
Registered: Sep 2019
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posted December 21, 2024 02:29 PM
Democrats have accused President Trump of the very thing they are doing.Kamala Harris: quote:
Donald Trump tried to cut Medicare and Social Security every year he was president. I believe that when people have worked hard their entire life, they deserve to retire with the benefits they have earned.
http://x.com/KamalaHarris/status/1852557243905982548 Joe Biden: quote:
“Medicare is stronger and Social Security remains strong. As long as I am President, I will keep strengthening Social Security and Medicare and protecting them from Republicans’ attempts to cut benefits Americans have earned.”
http://www.whit ehouse.gov/briefing-room/statements-releases/2024/05/06/statement-from-president-joe-biden-on-the-social-security-and-medicare-trustees-reports/ Hakeem Jeffries: quote:
Trump’s Project 2025 will end Social Security and Medicare as we know it.
http://jeffries.house.gov/2024/07/11/leader-jeffries-trumps-pro ject-2025-is-dangerous-diabolical-and-dastardly/ IP: Logged |
teasel
Knowflake Posts: 29434
From: Here
Registered: Apr 2009
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posted December 21, 2024 03:03 PM
That is a lie. http://apnews.com/article/social-security-congress-565aaf221de6d607f207e286655eef25 IP: Logged |
teasel
Knowflake Posts: 29434
From: Here
Registered: Apr 2009
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posted December 21, 2024 03:05 PM
http://apnews.com/article/social-security-congress-565aaf221de6d607f207e286655eef25
WASHINGTON (AP) — The Senate passed legislation early Saturday to boost Social Security payments for millions of people, pushing a longtime priority for former public employees through Congress in one of its last acts for the year.
The bipartisan bill, which next heads to President Joe Biden, will eliminate longtime reductions to Social Security benefits for nearly 3 million people who receive pensions from work in federal, state and local government, or public service jobs like teachers, firefighters and police officers. Advocates say the Social Security Fairness Act rights a decades-old disparity, though it will also put further strain on Social Security Trust Funds. The legislation has been decades in the making but the push to pass it came together in the final weeks — and was completed in the final minutes — that lawmakers were in Washington before Congress resets next year. All Senate Democrats, as well as 27 Republicans, voted for the bill, giving it a final tally of 76-20.
“Millions of retired teachers and firefighters and letter carriers and state and local workers have waited decades for this moment. No longer will public retirees see their hard-earned Social Security benefits robbed from them,” said Senate Majority Leader Chuck Schumer, D-N.Y.
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teasel
Knowflake Posts: 29434
From: Here
Registered: Apr 2009
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posted December 21, 2024 03:08 PM
You also know what would really help: taxing the billionaires. Rumpy wants to cut taxes for those who can afford to pay them. He wants to put even more strain on his the general public, on us. Including you, unless you’re rich? IP: Logged |
Randall
Webmaster Posts: 197273
From: I hold a Juris Doctorate (J.D.) and a Legum Magister (LL.M.)!
Registered: Apr 2009
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posted December 21, 2024 06:59 PM
Billionaires give jobs, and employees pay into the system. IP: Logged |
Dhyana
Knowflake Posts: 3536
From: US
Registered: Sep 2019
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posted December 21, 2024 11:26 PM
quote:
The Committee for a Responsible Budget (CRFB), a bipartisan think tank, argued this change would make Social Security insolvent six months earlier than current projections.It would do this by giving increased benefits to nearly 3 million retirees who at some point in their careers paid into state or local pension plans instead of paying into Social Security. As a result, we estimate a typical dual-income couple retiring in 2033 would see their benefits cut by an additional $25,000 over their lifetime, with over $8,000 of that additional cut coming in the roughly half a year of advanced insolvency, the group wrote.
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Dhyana
Knowflake Posts: 3536
From: US
Registered: Sep 2019
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posted December 21, 2024 11:34 PM
So, this bill will increase Social Security benefits to three 3 million retirees who stopped paying into Social Security for some period of time during their working life.Why should these retirees be rewarded for that over people who paid into Social Security for their entire working life? IP: Logged |
Dhyana
Knowflake Posts: 3536
From: US
Registered: Sep 2019
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posted December 22, 2024 10:20 PM
quote:
The Congressional Budget Office estimated that the bill would hasten Social Security’s insolvency — now projected to come by 2034 — by another six months and add $196 billion to budget deficits over the next 10 years. As a result, a typical couple retiring in 2033 may see lifetime benefit cuts of $25,000, according to the Committee for a Responsible Federal Budget.
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Lindaland
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