Democrat Who Stands Up for Social Security Wins the Presidency

Aug 17, 2015
Democrat Who Stands Up for Social Security Wins the Presidency

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Republican presidential candidates want to phase out Medicare and Social Security, and call it entitlement reform (Krugman, New York Times) (Krugman, New York Times).

Nothing new there, GOP arguments about urgency for action are still fallacious, kill Medicare and Social Security to save them.

As Paul Krugman notes this morning, "[N]o, Social Security does not face a financial crisis; its long-term funding shortfall could easily be closed with modest increases in revenue." (New York Times)

What is equally clear is that Hillary Clinton and Bernie Sanders want to protect and expand Medicare and Social Security (Yahoo News), and this is a winning message, reinforcing every other issue message fighting for the working class of America against the One Percent who want to destroy Medicare and Social Security.

"The argument being used to cut Social Security is that because we have a significant deficit problem and a $14 trillion national debt, we just can’t afford to maintain Social Security benefits. This argument is false. Social Security, because it is funded by the payroll tax, not the U.S. Treasury, has not contributed on nickel to our deficit," warned Bernie Sanders back in 2011. "In fact, according to a very recent study by the Congressional Budget Office (CBO) Social Security has a $2.5 trillion dollar surplus and can pay out every penny owed to every eligible American for the next 27 years until 2038."
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