Moving money out of the Social Security “trust fund,” Cohn said, would be “pretty difficult when you look at the demographics — even in a bunch of red states today. It would be political suicide, just like what Republicans saw happen with repealing preexisting conditions.”Trump in March proposed a $26 billion cut to Social Security, including a $10 billion cut to its Social Security Disability Insurance (SSDI) program. “Once you take any money out of [Social Security], the 2034 deadline just moves earlier and earlier,” Cohn said. No one is serious about putting forth a proposal that makes sense economically.”Cohn did not dismiss a political fix that's in the political discourse already: Democrats' Social Security 2100 Act. Cohn called Social Security taxes “very, very regressive” due to the cap set at $132,900.

Source: Washington Post April 10, 2019 10:07 UTC