Send a Tweet
Most Popular Choices
Share on Facebook 18 Share on Twitter 4 Printer Friendly Page More Sharing
OpEdNews Op Eds   

If Social Security matters to you, can you trust Trump?

By       (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page.   2 comments
Become a Premium Member Would you like to know how many people have read this article? Or how reputable the author is? Simply sign up for a Advocate premium membership and you'll automatically see this data on every article. Plus a lot more, too.
Author 63
Message Dave Lindorff
Become a Fan
  (88 fans)


Reporter to Trump: 'Do you regret all the lying to Americans?' The Huffington Post's Senior White House Correspondent S.V. Date tells CNN's Brianna Keilar why he bluntly asked President Donald Trump if he regretted .all ...
(Image by YouTube, Channel: CNN)
  Details   DMCA

By Dave Lindorff

In 2016, exit polls show that Donald Trump won the over-50 vote by a big margin. With voters over the age of 50 accounting for 45% of voters that year, Trump, according to a study by AARP was the choice of 55% of that demographic,compared to 44% who voted for Hillary Clinton. Trump's margin was even higher in the three key "swing" states - Michigan, Pennsylvania and Wisconsin - that went narrowly for Trump to give him the win where it counted, in the Electoral College.

Trump didn't win a majority of all older voters. Minority voters - both black and Latino - went heavily for Clinton, but Trump's support among elderly white voters was overwhelming.

Now, it's important to note that at that time, not surprisingly, the AARP also reports that its survey of voters over age 50 found that two-thirds of them, 67%, rated protecting Social Security ranked as their number one issue. The elderly and near-elderly, few of whom have traditional pensions where they work, and few of whom have any significant retirement savings, have been acutely aware that the Trust Fund established in a 1983 compromise between President Ronald Reagan and a Democratic Congress to pre-fund the wave of Baby Boomer retirees, is running down faster than anticipated, and will be exhausted by 2035 unless action is taken to bolster funding, and that if no action were taken, benefits would have to be cut at that point by 27% going forward.

But Trump took that issue off the table by promising during the 2016 campaign that he would "not touch" Social Security benefits as president.

Well, now we know the truth.

Firstly, Trump lied.

In his proposed 2021 budget, Trump called for a $75 billion cut in Social Security benefits for retirees over the next ten years, to be accomplished by reducing the inflation adjustment in benefits each year - an adjustment that has already been behind the rate of inflation for so long that retirees today receive about 30% less in monthly benefits in constant dollars the they were getting back in 2000, just twenty years ago. Trump proposed reducing the further. He also attacked Social Security Disability funding and Supplemental Social Security Income (SSI) which helps boost benefits for those elderly and disabled people whose income is below the poverty line.

Now, Trump has said, on August 8, that come Jan. 20, 2021, if he is re-elected as president, he will not just waive the repayment requirement for those who took advantage of his Aug. 10 executive order allowing deferment until Jan. 1 of payment of the FICA and Medicare payroll taxes by employers and employee, meaning that those taxes would simply not be paid for the prior four or five months, and that he might eliminate the payroll taxes for both programs entirely going forward"

For the rest of this article by DAVE LINDORFF in ThisCantBeHappening!, the uncompromised, collectively run, six-time Project Censored Award-winning online alternative news site, please go to: https://thiscantbehappening.net/older-voters-especially-republicans-need-to-think-before-they-vote/

(Article changed on August 29, 2020 at 19:01)

(Article changed on August 29, 2020 at 19:05)

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Must Read 1   Well Said 1   Valuable 1  
Rate It | View Ratings

Dave Lindorff Social Media Pages: Facebook Page       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Dave Lindorff, winner of a 2019 "Izzy" Award for Outstanding Independent Journalism from the Park Center for Independent Media in Ithaca, is a founding member of the collectively-owned, journalist-run online newspaper (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Israel's Gaza Atrocities Recall America's Atrocities in Vietnam

Looming climate catastrophe?: A Rapidly Warming Arctic Could Loose a Methane Climate Bomb Causing Extinction in 9 Years

Supreme Court Junket King Scalia Dies While Vacationing with Wealthy Patrons at Private West Texas Getaway

Something's happening here: Clinton's Crumbling, Bernie's Surging and a 'Political Revolution' May Be in the Offing

The Case for Impeachment of President Barack Obama

Barack Obama: Manchurian Candidate Version 2.0

To View Comments or Join the Conversation: