- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
At the first meeting of the DOGE Caucus, a new congressional group focused on government efficiency, Republican Rep. Greg Lopez stated that cuts to Social Security and Medicare are likely “on the table” as part of debt reduction efforts.
The caucus, led by Elon Musk and Vivek Ramaswamy, aims to slash government spending, raising concerns among advocacy groups about potential attacks on anti-poverty programs.
Critics, including Social Security Works, warn the caucus may push for privatization and benefit reductions.
This comes despite Trump’s prior commitment to protect these programs.
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Sure sure. I’m game for moving social security, but now how about you give back all the fucking money I put in it WITH interest since ya know… Inflation.
All you guys who didn’t vote for whatever reason… I hope you’re happy.
EDIT:
cuts to Social Security and Medicare are likely “on the table” as part of debt reduction efforts.
Medicare for all? More like Medicare for none.
Remember, we fucking paid for social security. It’s not government pork. It’s ours.
‘Member when Dark Brandon called republicans out on this in his state of the union address, and they all booed and denied it?
Pepperidge Farm ‘members
It’s funny, I listened to Steve Bannon’s war room the other day and he was demanding that they not touch social security and go after the elites and the NGOs instead. Can’t imagine this will play well with the voters that swung towards the republicans
So Bannon’s the Röhm of this administration? Interesting to see when and how they give him the shove.
oh i’m sure the voters will do the same thing they always do.
Rabidly support it until its too late, then go full “I didnt think he was going to hurt MY social security! Its not me hes supposed to be hurting! Its the poors! and the minorities! Why is he hurting me?! I’m a loyal supporter!”
A huge, mouth watering steak walks up to you and says, “There’s no more food.”
That’s rich.
ill see myself out
Thank you, I couldn’t think of a better analogy
It’s funny at this point. Either the rich pay their share or we Mangione them. Tick tock musky. Tik fuckin tok.
I’m legit surprised some big stock brokerage or finance firm hasn’t loaded up to the tits on Tesla short positions and then sent in a couple of Luigi’s.
Wouldnt the company be more profitable without his interference and huge salary/bonus?
Tesla valuation at this point isn’t vaguely related to how good or bad their actual business is, at this point it’s people buying into “co president Elon”.
Yes if you consider tesla a company. No if you consider it as a way to buy influence via President Musk. (am slightly being sarcastic)
Don’t worry, the cuts will drain social security just in time for when you go to collect. Current recipients will go un affected. I have no insider knowledge, I just understand that corporate America hates my generation.
Eat those faces or at least scare the hell out of those faces, my pretties.
Be the face-eating leaopard you want in the world.
The House R’s have a very tiny majority and their constituents will not be happy about this idea and will let them know it. So I feel like they won’t be able to get the votes to do it. I also think they’re going to prioritze things like more tax cuts for the wealthy and corporations first, as well as the border stuff, before they would get to that. Ya never know, but that’s what I’m hoping for.
The House R’s have a very tiny majority
You’re assuming there aren’t 20 Dems who will join them.
Yes, they want to roll back the entire New Deal and have corporate serfdom again. They have been saying it for years and now they have their chance.
More and more I feel we are seeing the pendulum swing. Normally we see 5-10 year cycles of push and pull along the political spectrum, but I’m becoming convinced we’re in a century long cycle.
We no longer have those with living memory of the gilded age, losing those who remember the saving grace that was the New Deal, and fewer and fewer left who were sent to war to fight fascism. The wealth gap is worsening in developed nations across the world, democratic republics are electing more far right parties and authoritarian leaders with populist messages, the incoming administration is floating the idea of scrapping the FDIC and deregulating anything on his favorite billionaire’s wishlist.
Seems like we’re right on track for a repeat of the 1930s.
Removing the FDIC or when putting money under the mattress is safer than a bank…
Hope everyone remembers to not negotiate with capitalists next time we have a labor movement like we had in the early 20th century.
And don’t split up into competing trades-based unions. That enables divide-and-rule.
Friendly reminder that Social Security is a separate government program that funds itself.
What Musk is talking about is stealing from Social Security in order to cut taxes elsewhere (namely cutting taxes for people like Musk).
That’s exactly his plan. So how are we going to stop him?
That’s not completely true. Social Security is supposed to fund itself, however it’s currently facing a funding shortfall with current estimates that it will be depleted in 2035. There are many suggestions on how make this program solvent, including bolstering it with general funds.
That’s not completely true. Long ago they put it into the general fund. There is always a shortfall in the general fund. Before they put it in there it was solvent, and if they wouldn’t have it would be completely solvent today.
It was already stolen. They want the rest.
I think a good start would be to stop allowing Republicans to raid Social Security for quick cash, like they’ve been constantly doing since the Reagan administration.
But then how could they argue it’s insolvent‽
How does it fund itself? What’s the income? Just Social Security Tax?
Another thing about the tax is that there is a cap on the amount you pay into it https://money.usnews.com/money/retirement/social-security/articles/what-is-the-social-security-tax-limit. Meaning it’s a regressive tax where lower income people pay more than wealthy people (not to mention that many wealthy people may not have traditional income and pay no taxes for this).
Yes, it’s a payroll tax. Your paycheck may show how much you are paying into Social Security. This is money meant to help you and others after retirement. Musk wants to take that money and instead use it to fill unrelated gaps in the federal budget, gaps caused by Trump’s tax cuts for the very wealthy.
Holy shit I never realized it until you explained it like this. Thank you, and also we are fucked.
We are only fucked if we let it happen.
This is one of the rare cases where I want to laugh at the silly US, but can’t because our “scial security” (we call it “retirement savings”) is being missapropriated for general funds as well :(
I just this year set up regular investment (part of my paycheck) into various funds to save for retirement privately.
I just this year set up regular investment (part of my paycheck) into various funds to save for retirement privately.
Social Security got the structure it has after the Great Depression wiped… well, you know. Everyone. Out.
I’m sure your private equity will be run much more responsibly throughout your life though, no need for some big ol’ stupid government to guarantee your retirement or anything. Carry on!
no need for some big ol’ stupid government to guarantee your retirement or anything.
I still have the government guaranteed pension as well, not as if I could opt out even if I wanted to, which I don’t.
The concept of the day: Diversification!
Social Security fund invested in government bonds, so the interest from that goes into the fund.
To be fair the budget deficit was there before Trump. His campaign promises are going to increase it, but they can offset that partially with spending cuts. Also, the government has been using money from the Social Security fund routinely, again nothing new under Trump. They just count it as an internal debt. According to Wikipedia, by 2022 it’s been already about 20% of the fund “borrowed” by the government.
Wow! Who woulda guessed they would immediately reneg on a campaign “promise” and immediately attack the side of the population that most reliably votes for them?
Surprisingly enough, retired people were close to evenly split. Trump mostly won due to Gen X’ers.
And they still will!
At least until the next pandemic
Lovely how this incredibly wealthy person is laser focused on making things worse for poor people. I suppose it’s the usual ploy of making people as desperate as possible so people like him can prey on us more easily.
