News of the housing crash and stock plunge has not yet reached the Washington Post (a.k.a. "Fox on 15th"). How else can one explain that two of their five deficit cutting measures involve reducing Social Security benefits. Certainly no one who had noticed the $15 trillion in lost housing and stock wealth by older workers and retirees would advocate taking away part of their Social Security, their one clear source of support in retirement.
This suggestion is especially outrageous since workers have already paid for these benefits through their Social Security taxes. As a result, the Social Security trust fund has accumulated enough bonds to cover benefit payments through 2049, according to the most recent projections from the Congressional Budget Office. It would be far more reasonable to suggest a partial default on the government debt, say a payment of 90 cents on the dollar. That would allow all bondholders to share the pain rather than just retired workers.
A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.
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