Social Security fixable without hurting vulnerable

President Obama is “trying to balance this budget on the backs of seniors.” So stated the head of the National Republican Congressional Committee a while back, and it’s instructive. He was referring to the president’s plan to alter the way cost of living increases are calculated for Social Security, a plan which rightly has liberals screaming, and which, like Obamacare, was once an idea promoted by Republicans.

There are insights to be gained from the declaration. First of all it’s either ignorant, or assumes ignorance of voters, or both. Because budget deficits have little to do with Social Security, which is funded separately; and whereas the funding needs eventual restructuring, it won’t affect the federal budget by a dime, one way or the other. Second, it’s stupefyingly cynical, even by the standards of today’s Republicans, who’ve hated Social Security since before Adam ate an Archaeopteryx. Their goals include, in descending order, getting rid of it, privatizing it, or cutting it back like crabgrass. Since taking over the House, they’ve been demanding entitlement cuts at gunpoint, with the gun held to the head of functioning government. Yet when President Obama, proving once again that he’s anything but the far-left socialist Kenyan Nazi dictator Fox “news” and rabid radio ranters of the right claim he is, proposes a fix he thinks might have a chance of passing through a teabag, ticking off liberals in the process, Rs glom the opportunity to prevaricate and fund-raise off of it. What is there to say but “Wow”? OK, “Yikes,” maybe. Or “We’re irreparably doomed by a party that has unashamedly rejected effective governance in favor of dishonest gamesmanship and obstructionism for its own sake.” Yeah: that last one.

Still believing he’ll see Republican hands reaching back when he outstretches his, President Obama continues to disregard the obvious: it doesn’t matter what he does, how far past half-way he goes; today’s Republicans aren’t interested. How many times must he draw back a bloody stump before he gets that? His offer got him less than nowhere: no quarter from Rs, and outrage from Ds. Plus, the singular focus on this one thing has obscured good stuff in his budget. He didn’t see it coming? He hasn’t noticed they’re cynical enough to rail against him for doing the very thing they demanded?

ADVERTISEMENT
0 seconds of 0 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:00
00:00
 

Count me among liberals who don’t like President Obama’s plan. “Chained CPI,” as it’s called (evocative name), is the one formulation that hurts only those most dependent on Social Security. Cost of living increases were already meager; chained CPI lowers them by assuming when prices rise, people buy cheaper things, so they need less of an increase. But holding back a few bucks a month harms only those to whom a few bucks a month is really important, making it the worst possible choice. I assume it’s the only one President Obama figured had a ghostly chance with House regressives; because the simplest, most logical, and most effective solution, which fixes Social Security approximately forever, has as much chance with today’s Republicans as declaring August “Climate Change Recognition Month,” or modifying our motto to “E Compromisibus Unum.”

The answer is to remove the limit on income subject to Social Security withholding, currently capped at a hundred thirteen grand. Unlike Medicare, which taxes (at a much lower rate) all income levels, people stop paying into Social Security on earnings above that amount. Eliminating the cap would raise more cash than chained CPI would save; but for today’s Republicans the problem is that the money comes from those who can actually afford it, instead of those who can’t. That sound you hear is exploding teapots.

I don’t enjoy paying taxes any more than you do, but I think I get better value in return than, say, from my cable bill, or the price of a pair of jeans. (The people of Boston, West, and Moore are getting value, too; although the latter two suffered greatly from lax regulation.) Yes, there’s abuse, as we learned recently about government retirees around here. But I appreciate having roads to drive on, cops to count on, schools to call on to nurture our next genii. And if there are some who milk the system, I count a lot more deserving retired people, barely getting by after a long life of labor; or the disabled, veterans and others, who need help. They’re not getting too much from Social Security, and they’re not the ones who should pay to fix it.

Sid Schwab lives in Everett. Send emails to columnsid@gmail.com

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Opinion

toon
Editorial cartoons for Wednesday, May 21

A sketchy look at the news of the day.… Continue reading

A visitor takes in the view of Twin Lakes from a second floor unit at Housing Hope’s Twin Lakes Landing II Wednesday, Feb. 22, 2023, in Marysville, Washington. (Ryan Berry / The Herald)
Editorial: Housing Hope’s ‘Stone Soup’ recipe for community

With homelessness growing among seniors, an advocate calls for support of the nonprofit’s projects.

Burke: Don’t let Trump & Co. get away with ‘no comment’ on outrages

For the tiring list of firings, cuts, busted norms and unconstitutional acts, hold them accountable.

Opposition to amendment to habitat rules ignored

The article regarding Snohomish County’s habitat ordiance reports a preponderance of Snohomish… Continue reading

DIYers should get a PUD’s heat-pump break, too

I have just completed a do-it-yourself installation of a central heat pump… Continue reading

Everett Council, Dist. 2: Paula Rhyne has proved herself

Four years ago, a public servant ran for District 2 and won… Continue reading

Comment: Era of Buffett-, Gates-style philanthropy is ending

The tech billionaires see their space and AI quests as better than a bequest to fight poverty and disease.

Wildfire smoke builds over Darrington on Friday, Sept. 11, 2020 in Darrington, Wa. (Olivia Vanni / The Herald)
Editorial: Loss of research funds threat to climate resilience

The Trump administration’s end of a grant for climate research threatens solutions communities need.

Sarah Weiser / The Herald
Air Force One touches ground Friday morning at Boeing in Everett.
PHOTO SHOT 02172012
Editorial: There’s no free lunch and no free Air Force One

Qatar’s offer of a 747 to President Trump solves nothing and leaves the nation beholden.

The Washington State Legislature convenes for a joint session for a swearing-in ceremony of statewide elected officials and Governor Bob Ferguson’s inaugural address, March 15, 2025.
Editorial: 4 bills that need a second look by state lawmakers

Even good ideas, such as these four bills, can fail to gain traction in the state Legislature.

toon
Editorial cartoons for Tuesday, May 20

A sketchy look at the news of the day.… Continue reading

Douthat: What guides Trump policy is a doctorine of the deal

Hawk or dove, former friend or foe; what matters most is driving a bargain, for good or ill.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.