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Kasim Reed

Do Republicans misunderstand Social Security, or just feign ignorance?

Do Republicans misunderstand Social Security, or just feign ignorance?

As a follow-up to our Tuesday post on the House GOP's assault on Social Security and its beneficiaries, it's proper to take a closer look at the rationale for the attack. To recap, the GOP caucus passed a rule making it much harder, if not impossible, to reallocate Social Security payroll tax revenue from the program's retirement fund to its disability fund. The latter is in imminent trouble, expected to run out of reserves next year. At that point, disability benefits will have to be slashed about 20%. Reallocation is a crucial near-term fix, and something that's been done nearly a dozen times since the 1980s to keep both the disability and old-age funds solvent. The...

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