The coming Social Security fight could be 1983 all over again

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George W. Bush,President Reagan,Robert Dole

To figure out how Social Security's insolvency debate may play out in the years ahead, it helps to consider what transpired in 1983.

Political pressure will almost surely force Washington to shore up the Social Security program before the social safety net program facesWill lawmakers mobilize in the next few years, or will they wait until the proverbial last minute — and pay increased costs because of that delay — before finding a compromise?

"I start seeing this now as a jigsaw puzzle," he said, with multiple tough pills likely to be needed as part of any eventual solution.pegged the changes required to right the system over the coming decades as already "at least double" what lawmakers faced in 1983.By 2033, Social Security may only be able to pay out 79% of benefits to seniors unless lawmakers act.

"That quickly flopped," Baker and Glasser wrote, as Democrats attacked the plan and even Republicans soon abandoned Reagan on this issue.The group was tasked with studying the issue for a year, conveniently putting the topic on the back burner until after the 1982 elections. He said he was once cautiously optimistic that Biden might tackle the problem, but now the president may be "just another politician who kicks the can down the road. And President Trump is doing the exact same thing."

That effort also fell short — largely because of GOP opposition to tax cuts — but not before Biden and the Democratic side of the table put possible benefit cuts in the form of smaller, Biden appeared open to a mix of solutions to shore up the program: increased taxes as well as benefit cuts. Greene called ‘bleach blonde bad-built butch body’ in House screaming match where ‘drinking was involved’Rudy Giuliani served notice of Az. indictment during birthday party

George W. Bush President Reagan Robert Dole Social Security Biden Alan Greenspan Social Security Administration Washington Jason Fichtner James Baker David Hume Kennerly

 

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