Trump’s Executive Orders Will Destroy Social Security and Medicare

The Executive Orders Donald Trump signed last Saturday does not provide you the $400 a week that he claims. It only provides that if the state you live in agrees and if the state contributes 25%, or $100. In light of the financial recession caused by Trump’s inattention to the Covid-19 crisis, where will the states get that money?

The Orders reduce the payroll tax, which is the ONLY way the Social Security and Medicare systems are funded. These programs will be at an even greater risk now, especially in light of the Republican’s refusal to properly fund them before these Orders.

This can/will directly impact both your present and/or future social security and Medicare benefits. Simply, the President is taking from those funds to pay these monies.

As the White House Chief of Staff stated in an interview broadcast Sunday:

• The Orders did not address “some of the small business incidents that are there”
• The Orders missed ”on money for schools”
• The Orders missed “on any funds for state and local revenue needs”

Where Things Stand Now

The President signed the Orders (which he mislabeled “bills”, which only Congress can pass) even though he has no constitutional authority over the appropriation of funds.

Whether you are 35 or 75, your social security safety net will be impacted by even this supposedly short term reduction in payments into their funds; and do you think that if this is allowed to be effective, the Republicans will allow it to be short term?

Small businesses, schools, and State and local governments are still without aid.

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Then Why Did He Sign These Orders?

1. Because, although he touts himself as a great deal maker, he could not make this deal either with most of the Republican Senators or the Democrats;

2. Because Mitch McConnell let a bill the Democratic house passed over two months ago still sit on his desk and the President did not, as McConnell says he was waiting to hear, ask for it to be passed in the Senate.

3. Sadly, to put one over on the many Americans who would not realize that although they get, possibly, an extra $400 a week, it is at the risk of impairing their economic future.

4. To get your vote with the hope you would not realize what he DID.

 Joe Biden successfully managed the U.S. economic recovery from the 2008 recession. He and the Democrats stand ready to protect all your rights, not trade off one for the other. They won’t rob Peter to pay Paul.

You and your employer put all the money into Social Security & Medicare. It is not an entitlement, It is your hard-earned savings that you expected when you retired!