- Nov 23, 2021
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GOP’s Haley Wants Social Security, Medicare Cuts for Next Gen
Share with friendsRepublican presidential candidate Nikki Haley is proposing changes to entitlement programs for younger generations, opening the door to potential cuts to Social Security and Medicare if elected. At a campaign rally Monday night in Myrtle Beach, South Carolina, Haley promised...
gvwire.com
March 14, 2023:
‘ . . . To Haley, entitlement reform should also include a move “to limit the benefits for the wealthy,” . . . ’
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There’s a high-minded reason, that rich people have earned their Social Security benefits the same as everyone else. And then there’s a bare-bones political reason—
This one crusty ol’ southern Senator said, “A program for the poor is a poor program.” Meaning, if it’s viewed as just table scraps for the poor, you can be sloppy and not do a very good job. But if it’s viewed as for everyone, then it has political constituency, then up and down the line from members of Congress to front-line customer service, there is incentive to do a good job!
* I think this crusty ol’ Senator was Russell Long (D-Louisiana), but I’m not entirely sure
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And for richer taxpayers, 85% of Social Security monthly income is rolled in with other income and is fully taxable. Meaning, we probably should just stand pat in this regard.
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