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Trump Wants to Destroy Social Security, But Biden Plan Would Improve and Expand It

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Robert Reich, is the Chancellor's Professor of Public Policy at the University of California, Berkeley, and a senior fellow at the Blum Center for Developing Economies. He served as secretary of labor in the Clinton administration, for which Time magazine named him one of the 10 most effective cabinet secretaries of the twentieth century.

During a typically rambling and incoherent interview last week, Trump admitted he would cut Social Security and Medicare if reelected. “There is a lot you can do in terms of entitlements, in terms of cutting and in terms of also the theft and the bad management of entitlements.” Trump has tried to walk back the remarks, saying that when he used the word “cutting” he didn’t actually mean “cutting,” and that Social Security has a lot of waste.

In sharp contrast to Trump, Biden correctly asserts in his new budget that Social Security can remain solvent by raising taxes on high incomes rather than by cutting benefits. The problem isn’t that the giant baby-boom generation is sucking up too many Social Security benefits. The Social Security trustees anticipated the boom in boomer retirements. This is why Social Security was amended back in 1983, to gradually increase the age for collecting full retirement benefits from 65 to 67.

 

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Don’t Give Trump a 2nd Chance to Destroy American DemocracyRebecca Gordon is an Adjunct Professor at the University of San Francisco. Prior to teaching at USF, Rebecca spent many years as an activist in a variety of movements, including for women's and LGBTQ+ liberation, the Central America and South Africa solidarity movements and for racial justice in the United States.
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