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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] Rep. Rich McCormick (R-Ga.) said Tuesday that lawmakers will ultimately face tough choices on spending in next year’s unified GOP government, suggesting cuts may be coming to social welfare programs

We’re going to have to have some hard decisions. We got to bring the Democrats in to talk about Social Security, Medicaid, Medicare. There’s hundreds of billions of dollars to be saved, and we know how to do it, we just have to have the stomach to actually take those challenges on,” McCormick told Fox Business Network’s Maria Bartiromo[/quote]
https://thehill.com/policy/healthcare/5019422-republican-social-security-medicaid-medicare-welfare-cuts-trump/

This will be fun to watch because at the same time congressional republicans are cutting these benefits they will be giving tax breaks the rich. You know they will also go after the VA and veterans’ disability. [/quote]

Benefit cuts are already written in to Social Security, according to the trustees' report.  It is spending more money on benefits than money coming in.[/quote]

But for the boomers' main working years there was a major excess of money coming in which Reagan and the Bushes squandered on government spending when they could have kept it in the Social Security Trust Fund.[/quote]

That is irrelevant, because the Social Security fund is calculated as if all the money spent by the government was borrowed by the government from Social Security, and is paid back with interest.  It's like in those big companies where one division pays another for services.
The Social Security benefit calculations assume all the money that came in is still there, with interest paid.
Any shortfall is borne by the rest of the government.  This is why the social security crisis really started 20 years ago.
As soon as the social security surplus started dropping, that was more money for the rest of the government to borrow to cover the shortfall.
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