Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Recursion

(56,582 posts)
Thu Dec 20, 2012, 03:57 PM Dec 2012

A poll. Would DUer's accept a cut in SS benefits if...

... they were coupled with a larger decrease in Medicare Part B premiums?

That is, say an $80 monthly reduction in SS benefits, if that were paired with a $100 reduction in how much Medicare Part B costs you ($100 would make it free, I think)?

(I'm assuming SSI remains the same.)

From how I'm reading the proposals a lot of the question here between various ways of calculating inflation and cost increases is that we're arguing about what forms benefits take (cash vs. premium reductions vs. in-kind), so I'm curious how important the particular balance of forms we have now is.


23 votes, 1 pass | Time left: Unlimited
Absolutely not. SS benefits must not be decreased
21 (91%)
No. Benefits cuts to SS would require bigger concessions than the one in the hypothetical
1 (4%)
No. SS benefits cuts can only be offset by cash payments through another program
0 (0%)
Yes
1 (4%)
Show usernames
Disclaimer: This is an Internet poll
32 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
A poll. Would DUer's accept a cut in SS benefits if... (Original Post) Recursion Dec 2012 OP
I'll accept no cuts. End of story. closeupready Dec 2012 #1
Agreed. TheProgressive Dec 2012 #3
The two ways to actuarially strengthen a program are to increase revenues and cut outlays Recursion Dec 2012 #8
Social Security is a self-contained program. TheProgressive Dec 2012 #10
I mean, notionally I guess Recursion Dec 2012 #11
I have no idea what your point is... TheProgressive Dec 2012 #15
Yes, except that cutting benefits, by definition, weakens closeupready Dec 2012 #16
Ditto, Broken_Hero Dec 2012 #32
I didn't vote ... 1StrongBlackMan Dec 2012 #2
Well of course, part of that is Republicans tell us we are #1 closeupready Dec 2012 #17
Yes, "they're so irrational" whatchamacallit Dec 2012 #18
Everyone else is irrational & you're the only one with a clear thinking process? limpyhobbler Dec 2012 #20
Thank you for the recognition! n/t 1StrongBlackMan Dec 2012 #23
the entire point of social security is to provide assurance of a minimally funded retirement. unblock Dec 2012 #4
Not only would I accept a cut if offset by lower Medicare premiums, I remember we got the donut hole Hoyt Dec 2012 #5
What the heck is the reason for cutting social security? limpyhobbler Dec 2012 #6
Well, in the hypothetical I'm imagining the point would be to finance a Medicare premium deduction Recursion Dec 2012 #7
certainly not. We should increase social security benefits and make it a full robust pension plan. limpyhobbler Dec 2012 #9
I thinking ... 1StrongBlackMan Dec 2012 #25
Because as people live longer, making them work longer expands closeupready Dec 2012 #19
No.. This is insanity.. there is money everywhere SomethingFishy Dec 2012 #12
Cutting Social Security means the government isn't willing to honor it's debt to the SS trust fund. Ganja Ninja Dec 2012 #13
Not at all Recursion Dec 2012 #31
No. dawg Dec 2012 #14
Republicans want to means test Soc Sec so that in a few years, people will start resenting it. Bucky Dec 2012 #21
Bad hypothetical zipplewrath Dec 2012 #22
What about those of us on SS without medicare? Glitterati Dec 2012 #24
No. djean111 Dec 2012 #26
How about they cut their own pay! L0oniX Dec 2012 #30
do not touch social security bowens43 Dec 2012 #27
seems pretty lopsided so far. limpyhobbler Dec 2012 #28
I will leave the Dem party if Obama sells us down the river. L0oniX Dec 2012 #29
 

closeupready

(29,503 posts)
1. I'll accept no cuts. End of story.
Thu Dec 20, 2012, 03:59 PM
Dec 2012

The only thing we should be talking about is how to strengthen the programs.

Recursion

(56,582 posts)
8. The two ways to actuarially strengthen a program are to increase revenues and cut outlays
Thu Dec 20, 2012, 04:17 PM
Dec 2012

Though I personally dislike the whole separate FICA levy and trust fund accounting because it leads people to think of it as a self-contained program (that was the whole point). But cutting benefits would increase the longevity of the trust fund. It's a stupid way to do it, but it is a way to strengthen the program.

 

TheProgressive

(1,656 posts)
10. Social Security is a self-contained program.
Thu Dec 20, 2012, 04:19 PM
Dec 2012

And there is no reason to cut 'outlays' to strengthen these programs. It is *our* money after all...

Recursion

(56,582 posts)
11. I mean, notionally I guess
Thu Dec 20, 2012, 04:20 PM
Dec 2012

There's still just one US Treasury, though.

And it leads to category errors. The trust fund is a way of counting up how much FICA levies have contributed to the general fund in the past, and as a way to borrow to meet most SS obligations for the next several decades without increasing the net national debt (we basically front-loaded the debt acquisition). But the benefits SS can pay are not about any sort of pile of assets, they're about how much we're willing to tax or levy current workers in order to pay benefits to retirees, and I don't see how hiding that fact behind a notional self-containment helps anything.

 

TheProgressive

(1,656 posts)
15. I have no idea what your point is...
Thu Dec 20, 2012, 04:33 PM
Dec 2012

Each year, workers pay FICA. Each year, benefits are sent to the SS recipients. Worker's FICA payments cover
the expenses each year. And yes I am including the *interest* that my/our money *earns* from investing the SS trust
fund in special US Treasuries. The excess (revenues(fica) - expenses(ss payments)) is accounted for in the SS Trust Fund.

We, as Americans, should 'pay' SS recipients what they deserve and nothing less.

 

closeupready

(29,503 posts)
16. Yes, except that cutting benefits, by definition, weakens
Thu Dec 20, 2012, 04:33 PM
Dec 2012

that larger scheme from which those benefits are being cut.

So paradoxically, you are weakening a program by strengthening it.

What about strengthening a program by raising taxes? Simples. Eliminate the cap. Or even just raise it. Bingo, bango, bongo, we're done.

 

1StrongBlackMan

(31,849 posts)
2. I didn't vote ...
Thu Dec 20, 2012, 04:05 PM
Dec 2012

but I'm pretty sure most DUer wouldn't accept cuts in SS, under any circumstance ... including a plan that offered free food and housing to SS beneficiaries!

The mere utterance of the terms, "SS" and "Cuts", in the same breathe, interferes with the thinking process.

 

closeupready

(29,503 posts)
17. Well of course, part of that is Republicans tell us we are #1
Thu Dec 20, 2012, 04:39 PM
Dec 2012

in everything - GNP, health care, per capita income - and yet, almost every other country has a healthier social safety net.

Doesn't add up.

unblock

(52,352 posts)
4. the entire point of social security is to provide assurance of a minimally funded retirement.
Thu Dec 20, 2012, 04:05 PM
Dec 2012

there's no particular guarantee that premiums will or won't be a certain amount. obviously you want the program to be cost-effective, but the whole point is to keep the benefits at a certain level.

at the ripe old age of 49, i benefit from "knowing" that social security will be there for me when i retire. that means i can be more aggressive with my own meager retirement funds. it means i could bet the farm on starting my own business knowing that NO MATTER WHAT happens to me financially -- bankruptcy, wall street crash, business bust, whatever -- i can count on a basic life of retirement thank to social security.

and it doesn't cost a penny right now to give me this security.

yet all this talk about cuts and such take away even from me.

complete b.s.

reagan DOUBLED premiums in order to keep the benefits the same (although he also hiked the taxes on the benefits...). that's the way to do it. keep the benefits where they are, up the premiums to fund it if need be (although i'd prefer this be done more progressively, by raising or eliminating the social cap).

 

Hoyt

(54,770 posts)
5. Not only would I accept a cut if offset by lower Medicare premiums, I remember we got the donut hole
Thu Dec 20, 2012, 04:06 PM
Dec 2012

reduced recently, more "free" preventive services, etc.

And I would support a cut if it is best way to ensure unemployment benefits continue past 12/31 for those who need that; stimulus that will help young folks get jobs and improve economy; there are protections at lower end of SS scale; etc.

If the economy does not improve, we are going to be looking at a lot of other cuts in important benefits. That's just a fact.

Obviously, I prefer tax increases on wealthy, dramatic cuts in defense, increased SS cap, etc., first. But, that depends on the rethuglicans and it won't solve all our fiscal/economic issues.


limpyhobbler

(8,244 posts)
6. What the heck is the reason for cutting social security?
Thu Dec 20, 2012, 04:08 PM
Dec 2012

There is no sound policy or political reason to even talk about cutting it.

If Democrats go for SS cuts, the GOP will turn around and hit them with it in the next election.

The only reason to cut social security is as a gift to 1%. They hate the idea of people being able to retire with dignity, or retire at all. They want everybody working until the day we drop dead.

Recursion

(56,582 posts)
7. Well, in the hypothetical I'm imagining the point would be to finance a Medicare premium deduction
Thu Dec 20, 2012, 04:11 PM
Dec 2012

There are better ways to pay for that; I'm asking if this is one you would be willing to accept if it came to it.

 

1StrongBlackMan

(31,849 posts)
25. I thinking ...
Thu Dec 20, 2012, 05:00 PM
Dec 2012

what I said earlier is proving truer than what my detractors will acknowledge.

You ask would this CUT - that is more than off-set by another benefit in your scenario, and the response you are getting is "No cuts ... we need to expand the program."

 

closeupready

(29,503 posts)
19. Because as people live longer, making them work longer expands
Thu Dec 20, 2012, 04:41 PM
Dec 2012

the labor supply, which - in turn - exerts downward pressure (competitively) on all labor costs.

SomethingFishy

(4,876 posts)
12. No.. This is insanity.. there is money everywhere
Thu Dec 20, 2012, 04:23 PM
Dec 2012

there is no reason whatsoever to take it from S.S. or Medicare. There are plenty of places to raise taxes or cut defense that will not hurt people in the slightest, yet people sit and debate cuts to S.S. like it's the only way..

Ganja Ninja

(15,953 posts)
13. Cutting Social Security means the government isn't willing to honor it's debt to the SS trust fund.
Thu Dec 20, 2012, 04:25 PM
Dec 2012

If the government isn't willing to pay back the trust fund then there is no point in putting surplus funds in it ever again.

We should eliminate the payroll tax cap and from now on any payroll tax surplus should be divvied up and paid out to the recipients as it comes in.

Recursion

(56,582 posts)
31. Not at all
Thu Dec 20, 2012, 06:19 PM
Dec 2012

Social Security benefits are determined by statute. Even if Congress voided all the bonds in the trust fund tomorrow the government still has a legal obligation to pay scheduled benefits (and a law that the funds can't come from general revenues, though there's nothing to prevent the general fund from transferring money to the trust fund, which can then spend it). And even if Congress reduces the statutory amounts of benefits, the trust fund will still (in a couple of years, at least) be redeeming bonds to meet some of the outlays.

zipplewrath

(16,646 posts)
22. Bad hypothetical
Thu Dec 20, 2012, 04:45 PM
Dec 2012

Reductions in SS should be to improve SS. I'm not sure how that would work, but that's the relationship that needs to be satisfied. I understand what you are trying to represent, but the problem is that the "connection" you are making isn't part of the structure of government. So the cuts to SS won't go away if the cost of Medicare rises, or if the Part B reduction is overturned in the future.

And we really shouldn't be talking about a Chained CPI, the current method is flawed and under estimates the rate of inflation for seniors. We should be talking about fixing it, not making it worse.

 

Glitterati

(3,182 posts)
24. What about those of us on SS without medicare?
Thu Dec 20, 2012, 04:58 PM
Dec 2012

I don't get medicare for another 5 years, assuming they don't change the age before I get there.

I get Social Security Survivor Benefits. These benefits do NOT qualify for Medicare.

So, you're suggesting I should accept an $80.00 cut in my benefits with nothing offsetting it?

Thanks for suggesting my grocery money isn't necessary.

 

djean111

(14,255 posts)
26. No.
Thu Dec 20, 2012, 05:18 PM
Dec 2012

And the argument that cutting the amount strengthens it is ridiculous.
Why not just cut it down to $10 - golly gee, it would be solvent forever!
Just raise the cap. It would have been nice if Obama had proposed THAT, instead of changing to a "less generous" COLA.
You don't start negotiations with something that bad - it goes nowhere but down.
And now, of course, the GOP can use that proposal against the Dems in 2014.
"The Dems wanted to cut benefits, but we wouldn't let them".
Don't think the 14-dimensional chess thing is gonna work there.

Want Medicare premiums to go down? Lower the age of eligibility and get younger people in.
Easy-peasey.

 

L0oniX

(31,493 posts)
29. I will leave the Dem party if Obama sells us down the river.
Thu Dec 20, 2012, 06:16 PM
Dec 2012

Cut the fucking pentagon! People over the war machine! ...and pay back all the money you fucking stole from SS!

Latest Discussions»General Discussion»A poll. Would DUer's acce...