Share on Google Plus Share on Twitter 5 Share on Facebook 4 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit 1 Share on StumbleUpon Tell A Friend 4 (14 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   13 comments

OpEdNews Op Eds

Why Do Republicans Hate Social Security?

      (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Must Read 7   Well Said 5   Supported 4  
View Ratings | Rate It Headlined to H3 9/22/11

Author 7111
Become a Fan
  (108 fans)
- Advertisement -
Republicans hate Social Security because it has been an extraordinary success and has done exactly what it was designed to do. It is the most successful government program in our nation's history and is enormously popular.

When Social Security was developed, 50 percent of seniors lived in poverty. Today, that number is 10 percent -- still too high, but a testament to the success of Social Security.

Republicans have spent years demonizing Social Security and spreading lies about its sustainability. They want to scare Americans and build support for making drastic cuts to the program or privatizing it entirely. Their long-term goal is to end Social Security as we know it, and convert it into a private account system which will enable Wall Street to make hundreds of billions in profits.  

The truth is that today, according to the Social Security Administration, Social Security has a $2.7 trillion surplus and can pay out every benefit owed to every eligible American for the next 25 years.

Further, because it is funded by the payroll tax and not the U.S. Treasury, Social Security has not contributed one nickel to our deficit.

Now -- in a prolonged recession that has decimated the poor and middle class and pushed more Americans into poverty than at any point in modern history -- we need to strengthen Social Security. That's why I, along with nine co-sponsors, have introduced the "Keeping Our Social Security Promises Act." This legislation would lift the Social Security Payroll tax cap on all income over $250,000 a year, would require millionaires and billionaires to pay their fair share into the Social Security Trust Fund, and would extend the program for the next 75 years.
- Advertisement -

For 76 years, through good times and bad, Social Security has paid out every benefit owed to every eligible American.  The most effective way to strengthen Social Security for the next 76 years is to scrap the payroll tax cap for those earning $250,000 a year or more.

Right now, someone who earns $106,800 pays the same amount of money into Social Security as billionaires like Bill Gates and Steve Jobs. That is because today, all income above $106,800 is exempt from the Social Security tax. As a result, 94% of Americans pay Social Security tax on all of their income, but the wealthiest 6% do not.

That makes no sense.

The "Keeping Our Social Security Promises Act" will ensure the long-term solvency of Social Security without cutting benefits, raising the retirement age or raising taxes on the middle class.

Social Security is keeping tens of millions of seniors out of poverty today. I can think of no more important issue facing our country today than making sure that Social Security remains strong for generations to come.

Join me and Democracy for America in fighting to strengthen Social Security -- Sign on as a citizen co-sponsor of the Keeping Our Social Security Promises Act.

- Advertisement -


Bernie Sanders is the independent U.S. Senator from Vermont. He is the longest serving independent member of Congress in American history. He is a member of the Senate's Budget, Veterans, Environment, Energy, and H.E.L.P. (Health, Education, (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -
Google Content Matches:

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

Vermont Senate Votes to Overturn Citizens United

Saving American Democracy

Why Do Republicans Hate Social Security?

Bernie Sanders Introduces Single Payer Bill: American Health Security Act of 2013

Wall Street's Secret Oil Games

Health Care is a Right, Not a Privilege


The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
13 people are discussing this page, with 13 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

Cabal puppet politicians never mention that the... by John Smith on Thursday, Sep 22, 2011 at 4:32:51 PM
to sign the petition. ... by Daniel Geery on Thursday, Sep 22, 2011 at 5:08:04 PM
....out of the general fund so greedy govt agents ... by Ginger McClemons on Thursday, Sep 22, 2011 at 6:42:10 PM
It's like the old Hamiltonian idea of "Christian&n... by E. J. N. on Thursday, Sep 22, 2011 at 7:11:58 PM
The truth is that today, according to the Social S... by Michael Dewey on Friday, Sep 23, 2011 at 5:29:36 AM
You remove the caps on the tax part I suppose in f... by Ray O. Sunshine on Friday, Sep 23, 2011 at 2:26:39 PM
Philosophers have acknowledged down through the ag... by David Ruhlen on Friday, Sep 23, 2011 at 3:02:40 PM
Social Security is one front in an economic war th... by John Sanchez Jr. on Saturday, Sep 24, 2011 at 9:14:54 AM
Senator Sanders has more credibility because he is... by Blaine Kinsey on Friday, Sep 23, 2011 at 6:59:18 PM
If we were all taxed at 100%, would that pay for t... by Steven G. Erickson on Saturday, Sep 24, 2011 at 8:25:20 AM
Employers have a lot to gain from killing social s... by Allan Wayne on Saturday, Sep 24, 2011 at 11:47:52 AM
Because they are either ignorant or greedy rich. B... by tim mcghie on Saturday, Sep 24, 2011 at 10:30:42 PM
That "Keeping Our Social Security Promises Act"is ... by Anndria Manosa on Saturday, Sep 24, 2011 at 11:15:50 PM