I wish the media would stop calling Social Security "entitlements". It's money you earned that is being "saved" for you, because you can't - or won't - do it yourself. Technically, of course, you ARE entitled to it, but entitlements usually connotes something doled out to you by the government. (Which, technically, is also yours if you pay taxes.)The Democratic chairmen of two House panels are scrutinizing a State Department plan to overhaul Social Security that they say unfairly takes away Americans’ entitlement benefits in exchange for a quick cash payment.
WaPo
They're not given that automatically?The proposal, first reported by The Washington Post, calls for giving Americans $10,000 upfront in exchange for curbing their federal retirement benefits, such as Social Security.
[...]
The policy proposal, known as the “Eagle Plan,” is one of the options that have circulated in the Trump administration to address concerns about the ballooning national debt due to massive federal spending to combat the economic downturn caused by the coronavirus outbreak.
[...]
Reps. Joaquin Castro (Tex.), the chairman of the Foreign Affairs subcommittee on oversight and investigations, and John B. Larson (Conn.), the chairman of the Ways and Means subcommittee on Social Security, sent a letter to a State Department official on Thursday asking for the “complete and unredacted” version of the plan.
It is indeed.“The idea that you would ask individual Americans to sell out their hard-earned retirement security as the price of desperately-needed help during a crisis is unacceptable,” they said.
Nobody stays in their lane in that administration. (Or did it really originate with Jared?)The Eagle Plan is unusual in that it originated from the State Department, an agency responsible for creating and implementing foreign policy, not domestic policy.
Ha! What a surprise.A copy of the plan obtained by The Post says it was written by Paul Touw, chief strategy officer to [undersecretary Keith] Krach. Krach is close to Jared Kushner, Trump’s son-in-law and a senior adviser.
That's either before he knew Jared was involved, or just a lie he thinks will placate his base.Kushner received the memo and sent it to the White House Council of Economic Advisers for review, according to a person familiar with its handling.
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Last week, White House spokesman Hogan Gidley said President Trump would not support any plan that cuts into retirement benefits.
...but hey, do what you want...you will anyway.
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