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#socialsecurity

22 posts4 participants3 posts today
Replied in thread

But #SocialSecurity is barreling toward #insolvency faster than before because of Trump’s #tax bill & #immigration policies, acc/to experts. The agency has faced tumult since #DOGE came in with a grand scheme to root out *fraud* & overhaul the program, causing disruptions & frustrations within the agency.

And despite the repetition of “no tax on Social Security” from Trump & his allies, the #law ultimately signed by #Trump did NOT eliminate #taxes on #seniors#benefits.

Continued thread

#Trump marked the 90th anniversary of #SocialSecurity on Thursday with an Oval Office signing of a *proclamation* [meaningless piece of paper] that the safety net was “more resilient than ever before,” thanks to him. He claimed improvements to the program’s customer service. He also *misleadingly declared* [flat out lied] that he had checked off his campaign promise to eliminate #taxes on #benefits for #seniors.

#FactCheck #TrumpLies #economy #PersonalFinance

Replied to William Lindsey :toad:

@wdlindsy

Funny he should say that...because the Republican/MAGA plan is a) to hide the theft (eg by 'investing' SS in crypto) and b) to destroy democracy.

'One thing I know: Social Security is so firmly embedded in the American psychology today that no politician, no political party, no political group could possibly destroy this Act and still maintain our democratic system.'"

Continued thread

"'It is safe. It is safe forever, and for the everlasting benefit of the people of the United States.'"

Yet the unqualified partisan Trump wants to make head of BLS has stated publicly that he regards Social Security as a "Ponzi scheme" and he thinks it should be "sunset."

#SocialSecurity #FDR #Trump #EJAntoni
/5

newsweek.com/donald-trump-pick

Donald Trump
Newsweek · Trump's Pick To Oversee Social Security COLA Says 'Need To Sunset' ProgramBy Aliss Higham
Continued thread

Richardson notes that FDR’s secretary of labor, Frances Perkins, the driving force behind the Social Security Act, said in a 1962 speech,

'One thing I know: Social Security is so firmly embedded in the American psychology today that no politician, no political party, no political group could possibly destroy this Act and still maintain our democratic system.'"

#SocialSecurity #FDR #Trump #EJAntoni
/4

Continued thread

"The Social Security Act established a federal system of old-age benefits; unemployment insurance; aid to homeless, dependent, and neglected children; funds to promote maternal and child welfare; and public health services. It was a sweeping reworking of the relationship between the government and its citizens, using the power of taxation to pool funds to provide a basic social safety net."

~ Heather Cox Richardson

#SocialSecurity #FDR #Trump #EJAntoni
/3

heathercoxrichardson.substack.

Letters from an American · August 13, 2025By Heather Cox Richardson

Noting that FDR signed the Social Security Act 90 years ago today, historian Frederic J. Frommer says,

"[Social Security} offered a lifeline for countless elderly Americans at the height of the Great Depression, when nearly half of the country’s seniors couldn’t support themselves, the FDR Library observed: 'Millions lived in poverty.'"

#SocialSecurity #FDR #Trump #EJAntoni #Medicare #Medicaid
/1

contrarian.substack.com/p/90-y

The Contrarian · 90 years ago, FDR created Social Security, a ‘watershed in American history’By The Contrarian
Continued thread

"NBC News reported that E.J. Antoni, President Trump’s egregiously unqualified nominee to lead the Bureau of Labor Statistics, can be seen in multiple videos on the grounds of the Capitol on Jan. 6, 2021, before leaving the area. The White House says Antoni was merely a curious 'bystander.'…"

~ David Kurtz

#EJAntoni #Trump #BLS #SocialSecurity #statistics #data #economy
/11

morningmemo.talkingpointsmemo.

Morning Memo · The Courts Can’t and Won’t Save Us, Part 805By David Kurtz
Continued thread

Antoni's 2020 dissertation at Northern Illinois University was dedicated to "my spiritual patrons: Our Lady of Victory, St. Joseph, St. Thomas Aquinas, St. Jude, St. Joseph of Cupertino, and Sts. Peter and Paul. Thank you, most especially, to Our Lord, with whom anything is possible."

#EJAntoni #Trump #BLS #SocialSecurity #statistics #data #economy
/9

huskiecommons.lib.niu.edu/cgi/

Continued thread

"E.J. Antoni, Trump’s pick for BLS Commissioner, has actually said that we should define a recession not on the basis of things like employment data or GDP but by how people 'feel.' =...

We’re clearly entering an era of policy driven by feelings rather than facts. But facts always win in the end."

#EJAntoni #Trump #BLS #SocialSecurity #statistics #data #economy
/7

~ Paul Krugman

paulkrugman.substack.com/p/mag

Paul Krugman · MAGA’s Feelings Don’t Care About Your FactsBy Paul Krugman
Continued thread

Jonathan V. Last takes a close look at Antoni's c.v. and says,

"That’s it. That’s the full CV. He wrote some pieces for Townhall, Breitbart, and the Federalist, went on Fox News, and now he’ll be running an organization of 2,000 economic specialists."

#EJAntoni #Trump #BLS #SocialSecurity #statistics #data #economy
/6

thebulwark.com/p/the-ministry-

The Bulwark · The Ministry of Truth Is Real NowBy Jonathan V. Last
Continued thread

"Economists said they found Dr. Antoni’s history of distorting economic statistics to support partisan positions more concerning.

They cited numerous examples of Dr. Antoni’s appearing to misunderstand the same government data that he will now, if confirmed, be in charge of."

~ Ben Casselman, Alan Rappeport and Lydia DePillis

#EJAntoni #Trump #BLS #SocialSecurity #statistics #data #economy
/5

nytimes.com/2025/08/12/busines

E.J. Antoni, President Trump’s choice to lead the Bureau of Labor Statistics, during an appearance on C-SPAN this month.
The New York Times · Trump’s Pick to Lead Labor Data Agency Adds to Fears of Political InterferenceBy Ben Casselman
Continued thread

"I don't think I have ever publicly criticized any Presidential nominee before. But E.J. Antoni is completely unqualified to be BLS Commissioner."

~ Economics professor Jason Furman quoted by Hugh Cameron

#EJAntoni #Trump #BLS #SocialSecurity #statistics #data #economy
/3

newsweek.com/trump-bls-appoint

EJ Antoni
Newsweek · E.J. Antoni Appointment by Trump Sparks Alarm Among EconomistsBy Hugh Cameron