General Discussion
In reply to the discussion: For the Ideologue Left, Social Security Concern Trolling is a Racket [View all]AnotherMcIntosh
(11,064 posts)But I think that he is going to follow Reagan's approach, a trick, for immediately reducing Social Security benefits.
Prior to Reagan taking office, the Federal government provided Social Security benefits and did not take any of them back.
Ronald Reagan, the Great Prevaricator who some believe did not raise taxes, began the practice of taking back of portion of the Social Security payments by subjecting 50% of the SS payments to taxation after a certain threshhold of income had been met.
Bill I-support-shipping-American-manufacturing-jobs-to-foreign-countries-and-I-feel-your-paid Clinton raised it to 85%.
When everyone is looking at "new shiny objects," Obama can take back even more of the Social Security payments by raising the amount subject to taxation to 100%. Lot's of people won't even notice.