What a Trump Presidency Could Mean for Disabled Americans
The financial theory of “trickle-down” doesn’t hold much water, but there has certainly been some trickling going on since November’s presidential election. The president-elect’s behavior is described differently depending on who you ask — either he shoots from the hip or he speaks without forethought.
Whatever you think, it’s definitely emboldened those who speak from a place of privilege to feel like they can express themselves openly. There seems to be a cultural shift happening — if the new president can say and do it, then so can anyone else. Some believe this is why there has been an outbreak of recent hate crimes — a 6% leap since last year when the election started full swing, with a sharp uptick after the election results.
Trump’s unapologetic attitude will surely have repercussions for those of us who weren’t raised in mansions with yachts. It’s already had consequences for those who don’t fit the traditional mold — or at least the mold of when Trump suggests America was great. Those who are from different places, are disabled or simply don’t fit in are already finding life under a future President Trump more challenging.
In fact, the most recent statistics regarding bullying and the disabled reveal that kids with disabilities are two to three times more likely to be bullied than those who don’t. It’s a heartbreaking statistic, but it makes sense — bullies always pick on the kids who have a harder time fighting back. It’s bad enough such behavior happens in schools — but that’s among children. Surely adults in the political arena act with more dignity and kindness?
We’ll have to wait and see. With Social Security benefits becoming a hot political topic, many with disabilities are worried about a bully with a big Twitter following running the show, but he may not be the most serious threat.
Safeguarding the Future
Trump got some ugly press back in November of 2015 when he seemed to mock a disabled reporter — something even little children understand is reprehensible. He and his campaign have repeatedly denied that he was making fun of the Washington Post writer. Whether he behaved out of cruelty or simple insensitivity, we can’t know for certain, but PolitiFact suggests there’s no other way to interpret that moment as anything but mocking.
In the aftermath, however, Trump forcefully denied the claim that he would ever do such a thing. He said he would never mock people with disabilities. What he may be beginning to understand is that this issue is more than respect and kindness — it’s about politics. It seems fairly obvious he was acting derisively toward the reporter.
Let’s just hope the public outrage taught him something, and that he’s willing to protect those he hurt.
Social Security Under Trump
The changing of the political guard is always an uncertain time. For those who have appreciated and relied on the policies of the last eight years under Obama, it may be even more nerve-wracking than usual. One question that’s been getting a lot of attention is Social Security. Early in his campaign, Trump promised to privatize it, but he’s backtracked himself right into another kind of wall — a wall of voters afraid of losing money they’ve been promised their whole lives.
But Trump may not be the person those with disabilities — many of whom rely on Social Security — need to worry about. From the outside, it looked like Trump’s idea about privatizing Social Security was whispered into his ear by House Speaker Paul Ryan, who has wanted Social Security on the chopping block at least since 2004. He offered a plan that then-president George W. Bush said was “irresponsible.” He couldn’t have been happy when he saw Trump backpedaling.
Paul Ryan’s Influence in the White House
As a Republican Speaker of the House during a democratic presidency, Ryan hasn’t had the power to make the cuts to Social Security that he wanted, but he’s definitely tried. In 2007, as the ranking House Budget Committee member and later the Chairman, he drafted yearly budgets that included huge cuts to Medicare, Medicaid and Social Security. Even though Trump is ambiguous about it now, he did insinuate at various times that he was open to cuts in these programs.
Pre-election Trump, on the other hand, was totally in favor of cutting Social Security, going so far as calling it a Ponzi scheme, but that was before he was running for an elected office and definitely before he realized that suggesting such cuts might be political suicide. Considering the tightness of the race he won, he was smart to tread lightly regarding this issue later on.
We can’t really know what Trump will do now that he’s nearly the president, but we do know that Ryan will try hard to be an influence, despite earlier disagreements between himself and Trump.
Predicting the Next Phase of Social Security
Nothing radical will change in the immediate future — Trump’s ambiguity is clear in how he has recoiled from earlier promises, explaining instead that the American people need to be secure. Most recently, Trump is holding to the obligations of supporting Social Security beneficiaries. What is certain is that there are roughly 60 million Americans relying on Social Security benefits.
Those numbers, however, may be low considering the many who need Social Security and are denied for various reasons — from typos to wrongly formatted paperwork.
Though privatizing is controversial to say the least, the future of Social Security is in the air regardless because its solvency is at issue. The Social Security Act became a law in 1935, when the aging population was much smaller. They made up less than 1% of the total population by the 1940 Census. Compare that to today’s 18%, and it’s easy to see this issue is complicated.
The plan deducted payroll taxes to help that 1%, and it still does that now that the numbers have drastically changed. With baby boomers hitting retirement — at a rate of about 10,000 people a day — making up for expenses that are 18 times higher than the expectation means more cash is going out than coming in. By 2034, the fund that promised care for people will only be paying about 79 cents on the dollar of what was promised — a scary prospect for many.
How Do We Ensure the Solvency of the Trust?
For those nearing retirement, this can be disconcerting — but for those who rely on Social Security because of a disability, it can be downright frightening. There are a few popular options for solving the problem, without making huge cuts to the program functioning as it is.
Option 1: Raise the Social Security Payroll Tax
Right now, the government takes up to $118,000 of a person’s annual earned income toward his or her retirement fund. If that amount was increased to $150,000, it might go toward making Social Security more solvent. It would also mean more taxes from people who are concerned that they’re paying into something that won’t pay them out when they hit retirement — a fair concern, given the numbers.
Option 2: Raise the Retirement Age
Trump suggests that the problem with Social Security is that we’re living longer. And while facts aren’t always a politician’s strong point, in this instance it’s true. The medical advances from 1935 to today have transformed our golden years, making life much easier. Retirement has become a time many wait for to fully enjoy their lives. It wasn’t that long ago that people retired only when they were too old to work.
Because of this, many have suggested that raising the retirement age from 66 for those born after 1955 would be less of a financial burden, especially considering that 75% of people in the U.S. over 65 still work.
Currently, when you hit the retirement age but are still working, you can receive your retirement benefits, despite what you earn. Since middle-aged Americans put up the money for those getting benefits today, it would ensure the fund would last well beyond 2034.
Option 3: Raise More Money
Raising more money is a good option, but it’s easier said than done. Like a kid selling lemonade to start a college fund, it makes a complicated issue too simple. It relies on a huge increase in employment. With more money coming from more people who are working in more jobs, Social Security taxes would be a non-issue.
The improvement of the economy the past few years has given many hope, and it’s a good place to start, but others don’t see such a happy future. Quite a few smart money people are concerned that 2017 is looking like another financial crash — which will inevitably hurt the job market.
What Is Certain About Social Security Benefits
What we do know is that the solvency issue isn’t going to take care of itself. And Paul Ryan’s idea may look good to some, but certainly not to those who are relying on Social Security benefits for daily needs, like many with disabilities. It’s a gamble that most aren’t willing to take.
Though many see his tactics as short-sighted and even uncaring, Ryan truly believes Social Security would benefit from being a part of the competitive market. For democrats, it sounds like capitalism unchecked. And though Ryan has worked, compromised and negotiated to get the republicans who do support him onboard, there are plenty who aren’t.
Consider the ad that showed Ryan pushing someone in a wheelchair off a cliff. It’s powerful and speaks to some fear in our collective minds. His strategy isn’t one people trust, nor do they trust his judgment regarding those with disabilities and the elderly. But now, other GOP members are looking to make serious changes. These changes include:
- Raising retirement age to 68 or 69
- Lower cost of living index, meaning less money
- Reduction of benefits to wealthier retirees
- Eliminate the COLA (cost of living adjustment) for the wealthy
Democrats are already seeing red regarding these proposed changes, but the plan does extend some branches to them that may make it more enticing, especially if they see this as an opening offer and not a blanket decision.
However, as George W. Bush learned, messing with — or talking about messing with — America’s security trust fund is risky. And it will likely not have the support of one of America’s biggest lobbies, the AARP — American Association of Retired Persons — which has serious reach.
Has Trump Learned From His Experience?
Trump is not in office yet, but those who he’s criticized and been cruel to throughout his campaign are already afraid. Those who didn’t vote for him may feel like they’re in for a long four years, but what if he’s capable of change? His reaction to the disabled reporter was cruel, but it’s less cruel than the guy crusading for the cessation of money to disabled Americans across the country who rely on those funds.
It seems unlikely that any modifications would happen that might in any way jeopardize current and future Social Security benefits. The legislative system is full of elected officials hoping to keep their seats, so it’s unlikely they’ll be ready to make the cuts Ryan is suggesting. What we must hope for is that those on both sides of the aisle can stand up to the legislative bully — and that Trump is strong enough to do the same.
Medicare and Social Security are only as safe as the GOP is sensible, which is to say, not very.
The Dems need to make them own this, every bit of it and hang it around their necks in 2018.Report
If this is about social security then what are the first four paragraphs for? I guess they are there for general Trump/GOP bashing.
Personally, I say it let the train wreck, then we might get a real solution.Report
So you voted for Hillary?Report
“We’re supposed to be talking about how bad Trump is for social security. Not how bad he is about all these other things. Let’s just focus on one area of badness and not the other areas of badness.
I won’t refute the badness… or otherwise respond to your post. I’ll just imply your biased. For reporting a variety of verifiable facts that demonstrate Trump’s badness.”Report
So I’m biased but Holly isn’t or you just choose to ignore her bias? Whatever, kazzy.Report
I’m going to have to agree with notme here. There are at least 3 distinct issues that are implicated here.
1. Trump has been in the past, probably still is now and maybe will be an asshole to lots of people in the future, among them the disabled.
2. Ryan’s social security privatisation plan. Not all privatisations are the same. The goodness of the plan are going to depend on the specifics.
3. Raising payroll taxes
4. People need to be afraid of Ryan’s plan.
1. Trumps assholery may embolden hate crime, but that has little to do with the fate of social security. So, you do spend too much time talking about trump’s assholery here.
2. The details of Ryan’s plan and whether it would in fact be good for those in need in the short and long terms is an interesting debate to be had, but it needs to be argued for, not assumed at the outset.
3. The connection between payroll taxes and social security is largely spurious. Social security is not funded specifically by payroll taxes and the bundling of the two is largely a political fiction. Moreover, payroll taxes are regressive. Even more importantly, raising payroll taxes depresses employment, which is why it is a good, but often underutilised keynesian fiscal lever. Also, given the rather direct effect payroll taxes have on employment, increasing payroll taxes is going to cut into employment more sharply than raising income taxes. If you want to increase revenue you would do better to institute a VAT or raise income taxes.*
4. Even if Ryan’s plan is a bad one, its unlikely to get passed. Trumpism qua economic doctrine, as you hint in your piece is less pro market than republican doctrine traditionally has been (and definitely less pro market than Ryanism).
*In fact a VAT would have the effect of increasing savings and thus stabilising the financial sector. And again, its a very useful tool to have when you want to stimulate consumption if you are in a liquidity trap.Report
What do you mean by that?
From the SS website:
“Social Security is financed through a dedicated payroll tax. Employers and employees each pay 6.2 percent of wages up to the taxable maximum of $118,500 (in 2016), while the self-employed pay 12.4 percent.“Report
@chip-daniels
As I understand it, there’s no legal requirement that the payroll tax revenue go specifically to social security. Money is fungible and the payroll tax is just another tax.Report
Huh, you mean, politicians can raid the trust fund to spend on goodies, then turn around and claim it is going broke?
Who would do such a thing?Report
Actually, the Payroll tax IS supposed to go specifically to the Social Security Trust fund, which is supposed to invest the money in Treasury Bills, and add the interest income to the Trust Fund.
The idea is that the Trust Fund is a standalone account, wholly separate and apart from the general funds.Report
I don’t think this is accurate. The SS trust fund has been raided to pay for other things, but the payroll tax is specifically required to go to SS trust fund.
ed. Chip beat me to it. TwiceReport
SS is currently based on the report produced by the Greenspan Commission in 1983 (yes, that Greenspan). Congress enacted it, but without strong guarantees that the assumptions of the plan would be followed. The main features of the plan were: (a) payroll taxes at the current rates; (b) on the near order of 90% of earned income would be subject to the tax; (c) excess revenue from the tax would be invested in Treasuries; (d) Congress would balance the budget, so the public debt would effectively be transferred from out-of-government bond holders to the SS Trust Fund; (e) as needed when the Boomers retired, the Trust Fund bonds would be redeemed by selling bonds to non-government actors.
The share of earned income taxed began declining almost immediately, is currently around 83%, and is still falling. Bad choice of formula, that assumed productivity gains would be shared uniformly across all income levels.
Congress has generally continued to spend like a drunken sailor, with little regard overall to the size of the debt. This raises the specter that redeeming the bonds will mean using other tax revenues, and possibly raising those other tax rates.
Increases in lifespan have been forecast *very* accurately by the SS actuaries from the beginning of the current era. The *fundamental* problem is the tax base — if that had been held at 90% of earned income, the program would look solvent across time frames much longer than the 75-year horizon.Report
FWIW, Congress was SUPPOSED to spend the excess.
The Federal Government can’t sock away a few trillion for the Boomer retirement in the stock market (because, among other things, they’d get flat out robbed because large amounts would have to be liquidated on a known basis) or shove it into a bank.
The only way the government can “save” a few trillion without distorting the economy is to time-shift it. So the basis of the 1983 deal was as follows:
1. Payroll taxes go up, to generate surplus income into the SS system.
2. Taxes on high earners (those who feel little to no bite from the increase in SS taxes) go down by the same amount.
2b. This makes the whole thing economically neutral. The government neither brings in nor spends any more or less than before.
2c. The surplus SS is turned into bearer specific T-bills (borrowed FROM the trust fund TO the general revenue) to continue spending as before.
3. When the Trust fund is redeemed, taxes on the folks in (2) are supposed to go back up to cover the redemption.
This is how the government saves trillions for later without distorting the economy — you tell one group they get a tax break for 30 or 40 years in return for taxes going back up when the bill comes due.
Of course, like anyone with a debt, they’d prefer not to pay.
Congress spending the surplus SS funds was actually intended, not Congress being irresponsible. Running a surplus of trillions would be….bad for the economy.
What’s irresponsible is, of course, trying to write off the whole Trust Fund as “accounting tricks” to deny the very economic and legislative intent of the original solution, in order to avoid paying a debt.Report
3. When the Trust fund is redeemed, taxes on the folks in (2) are supposed to go back up to cover the redemption.
One little problem there: (2) preceded (3) by thirty years. There’s some overlap, but for the most part it’s a different group of people.
Of course, like anyone with a debt, they’d prefer not to pay.
I’m never ceased to be amazed at how self-righteous people can be about their sense of entitlement to other people’s money. There is no debt. A handful of high earners were carrying a wildly disproportionate share of the tax bill. The government agreed to allow them to carry a slightly less wildly disproportionate share of the tax bill, and for some reason you think this means that a different group of people thirty years later, themselves already paying a wildly disproportionate share of the tax bill, are in debt? Did you learn accounting from Bud Abbott?Report
money is fungible. You can in principle take money from the rest of the budget to cover shortfalls in social security benefit payouts. Maybe cut your military spending… or anything else that strikes your fancy. Legally speaking the government can in principle raid the social security fund to balance budget shortfalls. It has no legal obligation to make any payouts. That is why reducing the social security benefit is an option even if not a particularly popular one. But if USgov can reduce benefits and raid the fund to cover the budget, it can also raid the budget to cover social security payments.Report
Moreover, payroll taxes are regressive.
People make way too big a deal over the progressivity or regressivity of specific taxes. The regressivity of the Social Security tax is more than offset by the heavy progressivity of the income tax, for which a huge chunk of people pay nothing at all. Many even pay negative federal income taxes via the EITC. Then there’s the fact that Social Security and Medicare payments are more regressive than their respective taxes, with people at the low end of the income spectrum getting much more back per dollar paid in than people at the high end. What really matters is the tax and transfer system as a whole, which is very strongly downwardly redistributive.
The employment issue could valid concern. In an ideal labor market, wages would fall to offset the higher employer tax, but nominal rigidities could prevent that from happening and lead to lower employment. However, it would be a very small increase. We don’t see large disemployment effects from raising the minimum wage 10%, so it seems unlikely that a 1-2% increase in the employer-side tax would have a large disemployment effect.Report
Not all privatizations are the same but the idea that Paul Ryan or any Republican is going to produce a good or even adequate privatization program are slim. The policy preferences of Republican politicians have generally shown a tendency to give more money to people who already have a lot of it. Other privatization programs amounted to get rich schemes for those lucky enough to afford it. The Republicans have also demonstrated a general hostility towards the welfare state for decades.
Jonathan Chait observed in the past that Republican politicians simply do not believe in luck for the most part. Those that are wealthy deserve their wealth because of hard work even though that hard work might mean being born to the right parents. Those who suffer a bad break deserve it because they did something wrong even if determining what they did wrong is impossible or it was something that they could not avoid. Even at its best, American policy is horrible for people who are having a bad break or a series of them. The general tendency of Republicans not to believe in luck or see it as irrelevant means that this is going to get worse.Report
The policy preferences of Republican politicians have generally shown a tendency to give more money to people who already have a lot of it.
To be clear, by “give more money” to them, what you actually mean is take slightly less money from them. Why do Democrats always insist on this dishonest framing?Report
Well if yall would admit that yes no one built that themselves, and that the things that make the system work cost money, so tax where the money is. We dont tax the rich for moral benefit, we do it because thats where the money is.Report
No, I won’t buy into that imbecilic notion.Report
Then run your own police, own courts, own fire department. Oh and the road to your house, with your own water. And make sure the land its on was not gov owned at some point, otherwise your principles will be broken.Report
A couple of points. First the payroll and income taxes are on money not people. So if some people have all the money they will and should indeed pay all the tax.
Second, you assume that the labor market distribution is just. The amount going to certain players, iin my judgement, is out of proportion to their contribution to the sociey in part due to their power. As a case in point, some CEO’s took huge salaries and bonuses during the financial crisis even as their companies were collapsing. Over the last approximately fifty years, most of the financial gains our society have gone to the very top. Are the top income people really making that more of a contribution to our society than their counterparts in the 70’s? You also ignore the role of inherited wealth. How does that square with the the assumption of a meriterious distribution of income that you imply?
So your language about dishonest framing could also be said to be dishonest.Report
I dunno. I’m a Gen Xer who has pretty much accepted that Social Security will either be greatly reduced or nonexistent for me (Medicare going away is a bigger worry for me). I’m fortunate in that I make enough to (by living very frugally) put away some money each month and hope I’ve chosen wise investments for it. But yeah: I think the systems do need to be reformed in some way and probably a lot of the entitlements are unsustainable at this point, but the only way out is through, and through is going to suck mightily for a lot of people – the people who depended on something that’s going away and the people who paid into a system all their lives only to hear “thanks, but the ‘lockbox’ is empty” when they get to the point of needing help.
I also have a couple of disabled relatives who survive on SSI (and on small amounts of money funneled their way by wealthier relatives). SSI is very hard to survive on, even in a small rural area where you are living in a family home that was paid for long ago. (I suppose if one disabled relative in particular outlives my parents, it will then fall on me to help support them.)Report
Despair and pessimism are useful tools to sway public opinion.
Hope and optimism are, too.Report
Great, now you tell us.Report
Option 1: Raise the Social Security Payroll Tax:
Did it.
In fact, Clinton doubled the payroll tax.
Doubled it.
Option 2: Raise the Retirement Age:
Reagan’s idea.
Not one I was particularly happy with.
My thoughts:
No more raising it until current payouts are included.
Option 3: Raise More Money:
Another bake sale?
Great idea.
I need something chocolatey right now.
Other thoughts:
Social security is an insurance program.
It’s insurance that’s bought an paid for.
How is it that Mutual of Omaha could make money selling insurance and still sponsor Marlin Perkins on safari?
We need to find a way to bring back Marlin Perkins.
Making money selling insurance wouldn’t be bad either.Report
Option 1: Raise the Social Security Payroll Tax:
Did it.
In fact, Clinton doubled the payroll tax.
Doubled it.
You sure about that?
Social security is an insurance program.
It’s insurance that’s bought an paid for.
That’s the ad copy, yes, but the reality is somewhat more complicated. Low-income workers pay less than an actuarially fair “premium” (i.e. tax) for their future payments, and high-income workers pay more. If high-income workers were taxed at an actuarially fair rate, there wouldn’t be enough money to subsidize the low-income workers.
Basically, it’s welfare tarted up to look like insurance.Report
Actually, I agree with this, maybe for a different reason.
The biggest weapon against social security is to compare it to a private retirement account, or to show how some people withdraw more than they put in.
It is explicitly NOT an investment account, but a guaranteed government income supplement, with the intention of preventing poverty in old age.
As with public schooling, it is universal, meaning it gives out to all comers regardless of ability or means.Report
Yet there are those who say we can’t get to UBI from here. Reminds me a bit of those who said we can’t get to single-payer healthcare from here, and then apply for Medicare benefits.Report
There’s something honestly I never really though well before right now.
UBI pushes Social Security into insolvency a *whole* lot faster, by the very incentives UBI advocates deem its best features.Report
Err yes but wouldn’t UBI simply replace social security?Report
And a whole bunch of other social welfare programs too.Report
I don’t think you can get there from there. UBI replacing other so called welfare programs is pretty straightforward, but social security has a completely different constituency and set of stakeholders.
Put it this way – if Speaker Ryan made it part of a Grand Bargain this coming term, would enough people go for it on his own side, and would anyone go for it on Pelosi’s side?Report
Replacing Social Security with a truly basic income would result in a lot of retirees taking a substantial pay cut. If you don’t take early retirement, Social Security replaces 90% of your long-run average income up to about $10,000 per year, then 32% of the next $52,000 or so, and then 15% of the next $57,000. The maximum benefit is around $34,000 per year, for those whose income exceeded the tax cap for 35 or more years, and even more for those who also delayed retirement a few years past the full retirement age.
I imagine that somebody getting $25,000 per year from Social Security would not be happy with the prospect of having it replaced with a $10-15,000 basic income.Report
We’d explain to them that they’d be doing it for the society.Report
“Replacing Social Security with a truly basic income would result in a lot of retirees taking a substantial pay cut.”
Not necessarily. Those disbursements could still be made during a phaseout period.Report
This seems like a tough sell to voters who will be getting the reduced payment but paying for the higher one for current recipients.Report
Who’s getting reduced payments? Wealthier folks get their payments during a phaseout, everyone else gets their payment.
Add: maybe I don’t understand the question. A UBI would increase everyone’s “payment”, just in a different form. Allocations would be direct (cash, or maybe HC vouchers) rather than indirect (program benefits).Report
Btw, the libertarianish’s (seemingly) sudden resistance to the UBI is sorta surprising to me, in the same way that the Dem/liberalish’s new-found love of neoliberalism is surprising.
Thanks Trump!Report
“Btw, the libertarianish’s (seemingly) sudden resistance to the UBI is sorta surprising to me”
It’s almost as if some libertarians never actually supported UBI, but wanted an answer to the “you hate poor people” charge that could never come into practice.
Now, that it’s an actual possibility, libertarians are suddenly finding flaws in the UBI they never looked into during the past 20 to 30 years when it was the ‘fix’ to get rid of all that unwasteful gov’t spending.Report
If I’m understanding your proposal right, you still have people who, under the current SS formula, would receive more than the UBI in the future but who end up receiving only the UBI. A gradual phaseout is probably an easier sell than a simple replacement that hits current SS beneficiaries, but it does leave the awkward task of convincing people to fund SS at its current level while being promised a lower future benefit.
This also creates an opportunity for Congress to meddle with the phaseout, along the lines of the constant postponement of Medicare reimbursement cuts. Even if you convince people to accept the phaseout of the higher benefit once, I expect that it would be repeatedly extended.Report
That’s the ad copy…
Spot on. It is, and always has been, a PAYGO public pension program. The Trust Fund was always intended to smooth out variations in income and outgo. In 1983 it was additionally structured so that the Boomers would pay for some portion of their own retirement, as well as their parents and grandparents, sparing the smaller later generations some of that pain.
FDR often said what it was in private, and added that Americans would never vote for a public pension program so it had to be described otherwise.Report
Solutions to Social Security are not mysterious or new or even that difficult. It is a wildly popular program, and most people even support raising their own contributions.
But there is a determined caucus of voices that want to obscure that fact, and present it as a lifeboat dilemma.Report
Yup, even though I disagree with the fixes, there are valid problems within Medicare and Medicaid to point out. Social Security really isn’t that complicated.Report
The only thing the President can do is veto or sign legislation. It’d be more accurate to say “What a GOP Congress Could Mean for Disabled Americans”
The fundamental problem with SS is that it relies on currently employed people to pay retiree benefits. It’s essentially a transfer from working people to retired people that moves funds through the Treasury Dept. (And keeps the dept incurred off books for budgetary purposes) As Congress has increased benefits, expanding those covered, the life expectancy got longer, we find ourselves in this problem, which has been going on for decades, as noted above.
But SS isn’t that much of a problem. Medicare? That’s a bigger nut to crack.Report
The only thing the President can do is veto or sign legislation.
Not really.
The real power of the Presidency is in setting the administrative policies of all the agencies under the executive.
Signing legislation is a secondary gig.Report
Yes, but in the context of this posting, he cannot do much. The SS rules are law. Sure, he can probably tweak the process of how the admin does things, but changing the age of benefits, the amounts, etc., unless I’m wrong, is the responsibility of congress.Report