We Need a Mass Movement to Save and Expand Social Security and Medicare

HELP ENLIGHTEN YOUR FELLOWS. BE SURE TO PASS THIS ON. SURVIVAL DEPENDS ON IT.

 


The latest report of the Social Security Administration trustees is out, and as usual they are issuing dire warnings that the Social Security system is heading for the rocks. The Trust Fund — extra money deliberately collected from workers and employers since 1983 to build up a surplus so as to fund the cost of benefit checks to the wave of Baby Boomers who began retiring in 2011 — will “run out” in 2034, they warn, explaining that unless something is done before then by Congress to bolster the program’s funding, everyone for years would have to take a 21% cut in benefits.

Note that the program is not “going bankrupt,” as hyperventilating talking heads on Fox and right-wing radio will claim. In fact, with no change in taxes or income sources Social Security would still continue to provide retiree and disability benefits at that reduced rate indefinitely from that point on just based on the funds paid into the fund by current workers at that point (which is how the program was intended to work from the time it was established in 1936).

The real point though, is that even today, in 1918, the threat of a benefit cut is still 16 years or almost a generation off.

It’s not a demographic crisis. It’s a crisis of Congressional corruption, deceit and spinelessness. For 20 years Congress has known this would happen, thanks to the increasing longevity of retirees and declining birthrates. If Congress had taken steps to increase funding for the system 20 or 10 or even five years ago, they’d have been minor. Now they’ll have to be more dramatic.


ABOUT THE AUTHOR
 Dave Lindorff is a founding member of ThisCantBeHappening!, an online newspaper collective, and is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

ALL CAPTIONS AND PULL QUOTES BY THE EDITORS NOT THE AUTHORS

black-horizontal
[premium_newsticker id=”154171″]

Things to ponder

While our media prostitutes, many Hollywood celebs, and politicians and opinion shapers make so much noise about the still to be demonstrated damage done by the Russkies to our nonexistent democracy, this is what the sanctimonious US government has done overseas just since the close of World War 2. And this is what we know about. Many other misdeeds are yet to be revealed or documented.

Parting shot—a word from the editors
The Best Definition of Donald Trump We Have Found

In his zeal to prove to his antagonists in the War Party that he is as bloodthirsty as their champion, Hillary Clinton, and more manly than Barack Obama, Trump seems to have gone “play-crazy” — acting like an unpredictable maniac in order to terrorize the Russians into forcing some kind of dramatic concessions from their Syrian allies, or risk Armageddon.However, the “play-crazy” gambit can only work when the leader is, in real life, a disciplined and intelligent actor, who knows precisely what actual boundaries must not be crossed. That ain’t Donald Trump — a pitifully shallow and ill-disciplined man, emotionally handicapped by obscene privilege and cognitively crippled by white American chauvinism. By pushing Trump into a corner and demanding that he display his most bellicose self, or be ceaselessly mocked as a “puppet” and minion of Russia, a lesser power, the War Party and its media and clandestine services have created a perfect storm of mayhem that may consume us all. Glen Ford, Editor in Chief, Black Agenda Report

Make sure many more people see this. It's literally a matter of life an death. Imperial lies kill! Share widely.
  •  
  • 3
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
    3
    Shares

Leave a Reply