Quantcast
Connect with us

The Trump administration’s ‘monstrous idea’: Direct payments in exchange for cuts to Social Security benefits

Published

on

“Donald Trump and his administration will stop at nothing to cut Social Security.”

Suddenly concerned about the growing national debt now that corporations have secured access to trillions of dollars in Covid-19 bailout funds with little oversight, Trump administration officials are reportedly considering several proposals purportedly aimed at reducing government spending—including a pair of plans that would provide Americans with cash payments in exchange for delays or cuts to their Social Security benefits.

ADVERTISEMENT

“They’re calling this monstrous idea the ‘Eagle Plan’ but it should be called the ‘Work ‘Til You Die Plan.’ The only reason to support it over simply sending people $2,000/month is to undermine our Social Security system.”
—Social Security Works

In addition to weighing a push for automatic federal spending cuts that would take effect once the economy rebounds from the coronavirus crisis, Washington Post reported Sunday that top White House economic officials are “exploring a proposal floated by two conservative scholars that would allow Americans to choose to receive checks of up to $5,000 in exchange for a delay of their Social Security benefits.”

Senior administration officials have also “discussed the ‘Eagle Plan,’ a 29-page memo that called for an overhaul of federal retirement programs in exchange for upfront payments to some workers,”  according to the Post. “The proposal calls for giving Americans $10,000 upfront in exchange for curbing their federal retirement benefits, such as Social Security.”

The “Eagle Plan” was crafted by a State Department official close to President Donald Trump’s son-in-law and senior adviser Jared Kushner, who forwarded the proposal to the White House Council of Economic Advisers. Art Laffer, a conservative economist and Trump adviser, told the Post that he supports the proposal.

“They’re calling this monstrous idea the ‘Eagle Plan’ but it should be called the ‘Work ‘Til You Die Plan,'” tweeted progressive advocacy group Social Security Works. “The only reason to support it over simply sending people $2,000/month is to undermine our Social Security system.”

ADVERTISEMENT

Hogan Gidley, a White House spokesman, indicated that Trump is opposed to the ideas laid out in the “Eagle Plan”—which he described as “ludicrous on its face”—but the Post reported that the president has not reviewed the proposal.

ADVERTISEMENT

After vowing during his 2016 presidential run to shield Social Security and Medicare from cuts, Trump has proposed slashing both programs in his annual budget blueprints. Trump also said during an interview at the World Economic Forum in Davos in January that he would consider cuts to Social Security and Medicare if reelected in November.

Amid a global pandemic that has left more than 30 million people in the U.S. jobless, Trump’s top economic stimulus idea has been cutting the payroll tax, which funds Social Security and Medicare. The president said during a Fox News town hall last week that he would not sign any future Covid-19 stimulus package that does not include a payroll tax cut.

ADVERTISEMENT

“Donald Trump and his administration will stop at nothing to cut Social Security,” said Rep. Pramila Jayapal (D-Wash.), co-chair of the Congressional Progressive Caucus.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Former pal Piers Morgan blisters Trump for ‘hiding in his bunker’ as America burns

Published

on

British presenter Piers Morgan criticized President Donald Trump for "hiding in his bunker" instead of leading America out of a dark period in its history.

In an op-ed for The Daily Mail, Morgan addressed the police killing of George Floyd and the protests that followed.

"I understand the rage of the protesters," Morgan wrote. "Yet the one person who could most powerfully effect change is doing the complete opposite."

The op-ed continued:

Continue Reading

Breaking Banner

‘We are leaderless right now!’ Trump supporters despair that he’s doing nothing as riots erupt across America

Published

on

Several supporters of President Donald Trump are very upset that he is not doing enough to crack down on the violence that has swept the country ever since the killing of George Floyd last week.

As reported by the conservative Daily Wire, many conservatives who have otherwise been supportive of Trump are growing exasperated that he spent the weekend hunkered down in the White House and only sending the occasional angry tweet.

"Does Trump have dementia or something?" asked pro-Trump political pundit Mike Cernovitch. "Because sitting on his fat ass right now isn't the right move."

Continue Reading
 

2020 Election

Desperate and ‘out-of-control’ Trump might prompt violent insurrection to stay in office: columnist

Published

on

Writing for the Daily Beast, columnist Michael Tomasky made a strong case that Donald Trump has removed any doubt that he is "morally unfit" to be president and, faced with the possibility he may not be re-elected, could resort to encouraging his followers to take up arms in his defense.

"Naively, I always thought that even Donald Trump would stop short of actually inciting violence. I mean, he’s the president of the United States," Tomasky began before adding, "History means nothing to him, and the future means even less. Presidents—all presidents, even ones I didn’t like—think about the office, the future implications of their actions, the future of our institutions."

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image