"Social Security has nothing to do with the deficit. Cutting Social Security benefits doesn't reduce the deficit because the money is in a trust fund.
That's not me saying it; that's Ronald Reagan from 1983. These facts haven't changed. Their plan is to lie about Social Security being a big contributor to the deficit, which it legally cannot be, and use that as an excuse to steal our money.
Meanwhile, they hand out trillions to billionaires.
President Musk and Vice President Trump aim to pass tax cuts for themselves and the wealthy while cutting Social Security benefits"the average of which is $1,900 per month " for everyone else to pay for it.
This was the plan of the Simpson-Bowles Commission, and all I did was stand outside and tell that story loudly. I asked every member going in if they would pledge to uphold the promise Donald Trump himself made when he ran, saying he wouldn't cut Social Security or Medicare."
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"It's clear, Thom, that President Musk and Vice President Trump will try to cut Social Security. Their main priority, though, is giving tax handouts to themselves.
That's why Trump is demanding the debt ceiling be raised as part of the continuing resolution.
They'll frame cuts to Social Security as a way to pay for things, but they don't care " they'll just add it all to the deficit.
This ties into Wall Street's financial priorities.
If you turn on CNBC or Bloomberg, you'll see this. They want these tax handouts but know the numbers only work if they cut Social Security. They falsely present Social Security as a big debt problem to satisfy Wall Street bondholders, the "bond vigilantes." excerpts
the short Transcript article is below the video on the same page
