Politics

Obama outlines principles for future of Social Security in budget, sure to spark contention with Hill Republicans

Amanda Carey Contributor
Font Size:

In his 2012 budget proposal, published Monday morning, President Obama takes a solid stance on Social Security — one likely to disappoint congressional Republicans. Instead of taking a hard line on reforming the entitlement program, the administration proposes “strengthening” it to meet growing demand.

The president’s budget acknowledges that baby boomers will put “stress on the Social Security System,” but says the program “does not face an immediate crisis and is not driving our short-term deficits or long-term debt.”

Referencing the bipartisanship spirit of Republican President Ronald Reagan and Democratic Speaker of the House Tip O’Neill, the budget calls on Congress to look for ways to make the program stronger and more reliable

In his proposal, Obama outlines six principles for reform. He calls for a plan that ensures long-term solvency and opposes any proposal that seeks to privatize or weaken the system or slashes benefits for future generations. He says no plan should reduce benefits for current recipients.

The principles call on Congress to strengthen retirement security for low-income individuals, and maintain disability and survivor’s benefits.

The Obama administration’s approach to Social Security comes at a time when most Republicans are demanding swift reforms to reduce the program’s impact on the federal deficit, which currently stands at $14 trillion.

“Social Security and Medicare together are amassing unfunded obligations at the alarming rate of $6.5 trillion a year,” wrote Republican Representative John Culberson of Texas Monday.

“The dramatic increase in the number of Social Security and Medicare beneficiaries coupled with the simultaneous decline in the number of workers paying into Social Security, not to mention the high unemployment rate, keeps money flowing out of the depleted Social Security Trust Fund. The path we’re on is simply unsustainable.”

Obama’s Six Principles for Social Security:

1.  Any reform should strengthen Social Security for future generations and restore long-term solvency.

2.  The Administration will oppose any measures that privatize or weaken the Social Security system.

3.  While all measures to strengthen solvency should be on the table, the Administration will not accept an approach that slashes benefits for future generations.

4. No current beneficiaries should see their basic benefits reduced.

5. Reform should strengthen retirement security for the most vulnerable, including low-income seniors.

6. Reform should maintain robust disability and survivors’ benefits.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel