Democrats Want Social Security Separated from Deficit Reduction Plan

Senate Democrats “want to put the Social Security trust fund in a lockbox and insulate it from a broader budget-cutting package designed to reduce the national deficit,” The Hill reports.

Senate Budget Committee Chairman Kent Conrad (D-N.D.), who is at the center of bipartisan talks, said he wants to prolong the solvency of Social Security to 75 years. Under its current setup, the program is projected to pay 100 percent of benefits for the next 26 years.

But Conrad does not want Social Security to be part of a broader proposal to reduce the $1.6 trillion federal deficit.

“It might be useful to have Social Security treated on a separate track because it is not part of the deficit reduction package,” Conrad told The Hill before the Presidents Day recess. “I think it should be separated.”

“There are many who recognize we have a long-term challenge with Social Security but that’s very separate from the deficit reduction,” Conrad said. “When those two get put together, it creates huge problems to getting the deficit reduction done because it confuses the issue.”

Conrad says lawmakers “should look instead to reducing projected costs in other entitlement programs, such as Medicare and Medicaid.”

This is an area of “potential disagreement with Tom Coburn (R-Okla.), who is meeting regularly with Conrad and Sens. Dick Durbin (D-Ill.) and Mike Crapo (R-Idaho) to put together a deficit reduction plan.”

Coburn warns that if Social Security reform is not part of the package, Congress won’t address it for years.

“Nothing will ever happen if we do it that way,” Coburn said of the prospect of separating Social Security from a deficit reduction package.

Senator Bernie Sanders (I-VT), founder of the Senate Social Security Caucus, says he thinks “there is growing sentiment within the Democratic caucus to make sure that Social Security is not dealt with within the context of deficit reduction.”

1 Comment

Filed under Budget, Medicaid, Medicare, Social Security

One response to “Democrats Want Social Security Separated from Deficit Reduction Plan

  1. David William Smith

    I couldn’t agree more. Social Security has over a two trillion surplus as it stands today and the Republicans want to tap into that money that has been solvent for 75 years. So keep your Damned republican fingers out of the Social Security and let it keep its soventcy just as it has been for the last 75 years. You want to cut Billions upon Billions, Were paying over 70 billion dollars a year to keep non violent offender in prison , So start cutting on prisons. There is no reason That The United States Has More People In Prisons Than any other nation in the whole world. I talking about non-violent offenders of the law . You want to tap in to Social Security That You well know will help keep non-violent offender of law in prisons . We are the Prison Capitol Of The World , But no matter where you want to cut or tapp into anything, Leave Our Social Security Solvent , and I could thing of any place better to start cutting in the prisons and building more while your at it and Veterans have been needing a good Surgical Hospital in Casper Wyoming, But You would rather build more prisons rather than Hospitals and not to mention that our great nation of prisons spends 95% more on jails and prisons than they do for schools. I can’t’ be proud of THIS America

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s