Sen. Warren Blasts GOP Social Security Scheme

Sen. Elizabeth Warren, D-Mass., a member of the Senate Banking Committee, and Rep. Maxine Waters, D-Calif., left, ranking member of the House Financial Services Committee, express their outrage to reporters that a hu... Sen. Elizabeth Warren, D-Mass., a member of the Senate Banking Committee, and Rep. Maxine Waters, D-Calif., left, ranking member of the House Financial Services Committee, express their outrage to reporters that a huge, $1.1 trillion spending bill passed by the Republican-controlled House yesterday contains changes to the 2010 Dodd-Frank law that regulates complex financial instruments known as derivatives, at the Capitol in Washington, Wednesday, Dec. 10, 2014. Democratic support for the omnibus bill funding every corner of government faded Wednesday as liberal lawmakers erupted over a provision that weakens the regulation of risky financial instruments and another that allows more money to flood into political parties. (AP Photo/J. Scott Applewhite) MORE LESS
Start your day with TPM.
Sign up for the Morning Memo newsletter

Sen. Elizabeth Warren (D-MA) is outraged by House Republicans’ move to block a routine Social Security budgeting move to use as a bargaining chip in future entitlement reform negotiations.

On social media platforms Warren, in very clear terms, said the attempt by House Republicans to block the Social Security budgeting move that involves transferring revenues between the Social Security retirement trust fund and the Social Security disability program was flat out “ridiculous.”

“It’s ridiculous – but not surprising – that on the very first day of the new Congress, Republicans are manufacturing a Social Security crisis to threaten benefits for millions of disabled Americans – including 233,260 in Massachusetts alone,” Warren said on Facebook. “We can’t turn our backs on the promises we’ve made to our families, friends, and neighbors who need our help the most. House Republicans should stop playing political games to put America’s most vulnerable at risk.”

She struck a similar tone on Twitter.

As TPM reported on Tuesday, one of the first moves of Republicans in the 114th Congress was to make a little-noticed rule change adding restrictions on the regular tax revenue transfer between the Social Security retirement trust fund and the Social Security disability program. Those transfers have historically been routine. Experts warned TPM that the move could spark a rare crisis which conservatives would likely try and use as a bargaining chip.

Latest Livewire

Notable Replies

  1. Great that she’s out in front on this.
    And she is correct: this is part of a pattern for the GOP: create a crisis so that your proposal seems the only viable solution.
    Just like with Medicare: the Medicare Part D program and the Medicare Advantage privatization – both Republican-led proposals – are major drains on the Medicare program.
    In contrast, the ACA has actually extended the life of Medicare, something the Republicans refuse to acknowledge.

  2. Avatar for mantan mantan says:

    Unfortunately and just in case anyone asks (which they won’t), today’s terrorism in France gifts old media with another perfect excuse to ignore Senator Warren…

  3. How is that Congress has passed a law that does not need to be signed by the President?

  4. Hopefully she will keep up the battle long enough to get the attention of the lazy “both parties are to blame” media.

  5. Agreed with you completely on that. The people who need this message brought home to them with a vengence are the ones who just voted these Repub sh*theads into office 3 months ago! Unfortunately, I don’t have much hope that they’ll get it. I think that Sniffit put it best last night. He was on the money as to the mindset of those who just voted in favor of their own doom.

Continue the discussion at forums.talkingpointsmemo.com

53 more replies

Participants

Avatar for system1 Avatar for sasquatch Avatar for richardinjax Avatar for brooklyndweller Avatar for yeahwhatever Avatar for blue_grit Avatar for OzoneTom Avatar for fargo116 Avatar for jtgeomom Avatar for meangreen Avatar for randyabraham Avatar for mantan Avatar for sniffit Avatar for eastlansing Avatar for gr Avatar for pakilolo Avatar for darcy Avatar for martinheldt Avatar for robcat2075 Avatar for ronbyers Avatar for mrf Avatar for dnl Avatar for dday52 Avatar for d_major

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: