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Schumer steps up Social Security assault on House Republicans (forms caucus w/socialist Sanders)
The Hill ^ | 1/27/11 | Alexander Bolton

Posted on 01/27/2011 5:36:31 PM PST by Libloather

Schumer steps up Social Security assault on House Republicans
By Alexander Bolton - 01/27/11 07:28 PM ET

Senate Democrats led by Sen. Chuck Schumer (D-N.Y.) and Sen. Bernie Sanders (I-Vt.) are gearing up for a battle with House Republicans over Medicare and Social Security benefits.

Schumer and other Democratic strategists see Medicare and Social Security as winning political issues that can help them regain the momentum they lost over the last two years.

Schumer, who has taken over the Senate Democrats' communications operation, delivered some of his most direct shots at House GOP leaders.

“They want to privatize Social Security,” Schumer said of Republicans. “Privatize equals end, no more.”

Senate Democrats have unified over the issue after President Obama stayed away from proposing a cut in Social Security benefits at Tuesday’s State of the Union address.

Democratic pollsters warned that if Obama called for raising the retirement age, it would create a schism in the party.

House Republicans have discussed advancing a proposal to privatize Medicare in the budget plan they expect to unveil in the next few weeks.

House GOP Conference Chairman Jeb Hensarling (R-Texas) said Wednesday that many Republicans would support a proposal floated by House Budget Chairman Paul Ryan (R-Wis.) to convert Medicare into a voucher system in which beneficiaries would receive $11,000 on average to buy certified plans.

Ryan has also called for letting workers under the age of 55 invest a third of their Social Security taxes into personal retirement accounts.

Mike Steel, a spokesman for House Speaker John Boehner (R-Ohio), has pointed out that Obama has also signaled support for Social Security reform.

“President Obama and Republicans agree on the need to reform Social Security to protect benefits for future generations,” he said. “It seems like some of the president’s Democratic allies on Capitol Hill haven’t gotten the memo from the White House.”

On Tuesday, Obama told Congress: “We should also find a bipartisan solution to strengthen Social Security for future generations.”

The president said Thursday the solution should not slash benefits for future generations or subject benefits “to the whims of the stock market.”

Sanders said he would like to hear a stronger pledge from Obama.

“Jeb Hensarling of Texas said, and he’s the Republican conference chairman, that they’re going to take Paul Ryan’s blueprint and use it,” said Schumer. “That’s privatizing Medicare…. They’re going to do the same for Social Security.

“Their agenda: Privatize both programs, which means end them,” said Schumer.

Schumer, Sanders, and several other Democrats have formed the Senate Social Security Caucus, which held its first meeting Thursday.

The meeting came a day after the Congressional Budget Office reported that Social Security would begin running deficits this year. The trust fund is projected to take in $130 billion less in payroll taxes than it will pay out benefits.

Most of that deficit is due to a one-year payroll tax break that President Obama and congressional Republicans agreed to last year, which knocked the payroll tax rate from 6.2 percent to 4.2 percent for 2011.

Democrats note, however, that Social Security has a $2.6 trillion surplus that will increase to more than $4 trillion by 2039.

But Democrats also acknowledge that the trust fund will no longer be able to pay out 100 percent of benefits beginning in 2039.

Influential Republican senators have proposed raising the Social Security retirement age from 67 to 69, using a formula that Congress agreed to in the 1980s to raise the retirement age from 67 to 69.

“We know what to do on Social Security; I put on the table [a proposal] adjusting the age from 67 to 69,” Sen. Lindsey Graham (R-S.C.) said Wednesday. “I don’t know how in the heck we save this country from bankruptcy if we don’t reform entitlements.

“Why can’t we do what Ronald Reagan and Tip O’Neill did?” Graham said in reference to the former Republican president and Democratic House speaker.

Sanders accused Republicans of hyping the fiscal instability of the program and the media of swallowing their spin.

“If it’s raining tomorrow, therefore Social Security is in trouble. What’s the surplus for Social Security?” he said.

Sanders said the trust fund is similar to businesses that take out loans from time to time to cover short-term costs but are fiscally sound over the long term.

The other members of the Social Security Caucus are Sens. Sherrod Brown (D-Ohio), Sheldon Whitehouse (D-R.I.), Daniel Akaka (D-Hawaii), Barbara Boxer (D-Calif.) and Debbie Stabenow (Mich.).

The lawmakers met at the same time that the Senate Tea Party Caucus held its first public meeting in the Senate Hart office building.

A fourth Republican senator, Jerry Moran (Kansas), joined the caucus, which also includes Sens. Jim DeMint (R-S.C.), Rand Paul (R-Ky.) and Mike Lee (R-Utah). A fifth GOP senator, Pat Toomey (Pa.), sat in on the meeting.

Democrats say the growing influence of the Tea Party in Congress poses a threat to entitlement programs.

“The fact that five senators are for privatizing Social Security shows we’re not crying wolf here,” Schumer said. “This is a serious movement to undo the most successful government program of the 20th century.”

Brown said: “If they have five senators already in the first month of January, it’s likely going to be a major thrust of the Republican effort.”


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: house; presidentbushsplan; sanders; schumer; socialistsecurity; socialsecurity; ss
Even more RATS go down with the ship.

Civility.

1 posted on 01/27/2011 5:36:39 PM PST by Libloather
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To: Libloather

BRING IT ON


2 posted on 01/27/2011 5:41:15 PM PST by Carley (IDEOLOGY TRUMPS FACTS IN THE LEFT'S QUEST FOR POWER)
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To: Libloather
Actually, they are setting it up to blame the Republicans.

Here is how it is planned. Unemployed who can't find work and are over 55 1/2 are applying for Social Security in droves.

Obama has Social Security Payroll taxes reduced from 6.2 to 4.2%.

Result: A Manufactured crisis to pin on the Republicans.

Just wait and see.

3 posted on 01/27/2011 5:42:16 PM PST by sr4402
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To: Libloather

This from the bunch that has CUT Social Security TWO years in a row and is CUTTING Medicare by HALF A TRILLION dollars.


4 posted on 01/27/2011 5:43:52 PM PST by CMailBag
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To: sr4402

Republicans need to remind everyone in America that UNIONS are the anchor dragging the American economy and THAT OBAMA is FULLY ENGAGED IN SUPPLYING THOSE UNIONS WITH EVERY SECTOR HE CAN TAKE OVER...This is one area that NEEDS to just be HAMMERED in every commercial, every campaign, etc. Don’t let OBUMMER slide on his bedroom coziness with every union thug out there!


5 posted on 01/27/2011 5:45:39 PM PST by princess leah
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To: Libloather

Privatizing Social Security means its in an account that the politicians can’t steal.

Leaving it as it is means its already stolen. Its a ponzi, and normal people go to jail for stuff like this. Ask Madoff.

Repubs just have to make the point very clear to people who depend on Social Security, which is most people, that its already been stolen.


6 posted on 01/27/2011 5:46:42 PM PST by marron
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To: Libloather
"“They want to privatize Social Security,” Schumer said of Republicans. “Privatize equals end, no more.”

That limp-wristed squeaker has no bounds to his idiocy.

Seems to me that EVERYTHING the Gubmint touches turns to shit, and he won't admit that taking the money and handing it out to government-dole-parasites and those who funnel money into the DNC (AKA: Unions) has bankrupted this genration and those to follow, with debt up the ass.

Take on the argument on the issue, and point out the FAILURES of 6 years of Democrat Congress, piling up the debt and buying voters.....

This crap MUST end, and cutting expenditures and taking the Gubmint OUT of our lives is the ONLY way out.

7 posted on 01/27/2011 5:51:28 PM PST by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Libloather

FU schumer!!!!


8 posted on 01/27/2011 6:04:46 PM PST by shadowcat
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To: Libloather

H/C, cap and trade,finreg all winning issues per odumbos rats, that worked out well for them


9 posted on 01/27/2011 6:05:52 PM PST by italianquaker ( teabag the vote!!)
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To: Libloather

Yup... Its like a fat man asking for an extra helping of steak and potato when he should be on a diet! That’s the Democrats’ notion of Social Security “reform.”


10 posted on 01/27/2011 6:09:41 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Libloather

These are scumbags the RINOs went on a date with....


11 posted on 01/27/2011 6:10:36 PM PST by nhwingut (Palin/Bachmann '12)
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To: Libloather

It’s worked before. I see nothing from the Repubs to counter such lies... again.


12 posted on 01/27/2011 6:11:38 PM PST by pabianice
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To: Libloather
Sanders said the trust fund is similar to businesses that take out loans from time to time to cover short-term costs but are fiscally sound over the long term.

Perhaps the funniest statement I've ever heard!

13 posted on 01/27/2011 6:12:53 PM PST by nascarnation
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To: nascarnation

A debt is still a debt... Sanders hasn’t taken an accounting class. Its like Enron counting liabilities as assets.

If Sanders tried that in the real world, he’d be carted off to prison!


14 posted on 01/27/2011 6:19:38 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: shadowcat

can’t say what i think and how i feel!


15 posted on 01/27/2011 6:34:34 PM PST by ldish (Looking forward to Independence Day)
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To: ldish

Don’t worry, we know you hate those mother effing $on$ a Beeches cause those souless Bastiges are worthless cork soaking rat bastiges.

I hope i didn’t over emphasize


16 posted on 01/27/2011 6:49:53 PM PST by onona (Buried in snow...............AGAIN !!!!)
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To: pabianice

Nor will you.


17 posted on 01/27/2011 6:54:32 PM PST by sport
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To: Libloather
“They want to privatize Social Security,” Schumer said of Republicans. “Privatize equals end, no more.”

“Their agenda: Privatize both programs, which means end them,” said Schumer.

Hey Chucky:

"Ryan called for letting workers under the age of 55 invest a third of their Social Security taxes into personal retirement accounts."

Chucky, do you understand the word, "letting?"

18 posted on 01/27/2011 8:04:05 PM PST by Cobra64
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To: onona

good job...you hit the nail on the head!


19 posted on 01/27/2011 8:11:28 PM PST by ldish (Looking forward to Independence Day)
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To: italianquaker
H/C, cap and trade,finreg all winning issues per odumbos rats, that worked out well for them

Is English your second language?

20 posted on 01/27/2011 8:18:35 PM PST by Cobra64
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To: Cobra64

klingon


21 posted on 01/27/2011 9:16:04 PM PST by italianquaker ( teabag the vote!!)
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To: Libloather

Are these the same Senators Schumer and Sanders that went on the record last year to vote for cutting half a trillion dollars out of Medicare?


22 posted on 01/27/2011 9:18:52 PM PST by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Libloather
We shouldn't privatize Social Security, we should just terminate it. Obviously, for a short period of time, recipients who can demonstrate real need to continue to receive SS and Medicare. All these unconstitutional federal welfare programs should come to a screeching halt.

Starve and terminate the welfare state!

23 posted on 01/27/2011 9:19:21 PM PST by Walts Ice Pick ("I'm not going to shut up!" - Sarah Palin)
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To: Cobra64
Chucky, do you understand the word, "letting?"

"Letting" is equivalent to "freedom" here, and "Freedom" is something that Chuck Schumer simply will not tolerate.

24 posted on 01/27/2011 9:21:15 PM PST by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: Libloather
“I don’t know how in the heck we save this country from bankruptcy if we don’t reform entitlements.

I'd start by hanging a few of the socialists and throwing the rest of them in prison for grand larceny and fraud.

25 posted on 01/27/2011 9:22:55 PM PST by Rome2000 (OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
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