Monday, March 9, 2020

Flash: Donald Trump Confirms Republican Plans to Kill Social Security

About a month ago I blogged about my perception that the reason Republicans have run up the National Debt from 30% of GDP to around $110% of GDP is because they want to use the debt to justify killing social security - on the basis we can't afford it.

https://motrvoter.blogspot.com/2020/02/will-social-security-survive-our_9.html

Yesterday President Trump proposed cuts in the Payroll Tax (which supports Social Security) as a mechanism to fight the current economic downturn. 

Wow.  How transparent.  Out of the hundreds of ways the President could inject a little cash into the pockets of consumers to give a little caffiene jolt to the economy, he thinks the best choice is to take money from the payroll tax that funds social security.

Cutting payroll taxes will provide a boost to the amount of some workers paychecks small enough that probably many will hardly notice.  It will do nothing for the folks sent home from work, or not working.  But it serves the super-rich desire to undermine the Social Security tax trust fund that pays for Social Security.  Somewhere between 30% to 40% of our National debt is already owed to the Social Security trust, borrowed by Congress to fund tax cuts for the wealthy.

President Trump must think working folks are stupid.

Are we?

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