According to sources, on the first day of the 114th Congress, Republicans went after Social Security by placing new restrictions on routine transfers between Supplemental Security Income and Social Security Disability Insurance, known as “re-allocations.”
This was not a bill, but a new House rule that would allow any member to raise a “point of order” if the House considers a “clean” bill to fix a predicted shortfall by authorizing an internal re-allocation of Social Security funds.
Instead of enacting immediate cuts, they rigged the rules so that clearly foreseeable circumstances will trigger disability benefit cuts late next year — just in time to influence the 2016 presidential election.
According to the Center for Budget and Policy Priorities, SSDI isn’t broken but is strained due to demographic trends that the re-allocations are intended to address. According to the CBPP, if these re-allocations are made, both programs are solvent until 2033.
Some believe if the cap is raised on the rich (the point at which the rich no longer contribute), Social Security will be solvent for many more years.
The Republicans also pushed for “dynamic scoring.” That allows them to set budget projections based off the debunked “Reaganomics/trickle down” theology, which says if you cut taxes for the rich it will magically add revenues to the Treasury. For those who still subscribe to this debunked theory, just look at what Gov. Sam Brownback has done to Kansas, which is now suffering huge budget shortfalls.
Dynamic scoring will set the table for more tax cuts for the super wealthy, furthering our national debt.