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Bloomberg (Still) Wants to Cut Social Security

5 114 931
18.02.2020

Of all the Democrats contending for the presidential nomination, Michael Bloomberg is the worst choice to debate Donald Trump on an overwhelmingly important issue: Social Security’s future. Bloomberg’s position on Social Security is to the right of Trump’s stated position — and widely out of step with even Republican voters, let alone Democrats.

Bloomberg has a long history of supporting cuts to Social Security, including raising the retirement age. He’s disparaged Social Security, one of the most popular and successful government programs in history, by comparing it to Bernie Madoff’s Ponzi scheme. He was an enthusiastic supporter of the Bowles-Simpson austerity commission, which tried to jam through huge Social Security cuts behind closed doors.

"A close read reveals that Bloomberg hasn't changed his views. He's just gotten smarter about hiding them."

Now, Bloomberg is running to be the Democratic nominee for President — even though he was a Republican for years, and only became a Democrat in 2018. For months, Bloomberg was the only major candidate without a Social Security plan. Now, he’s finally released one.

Bloomberg’s Social Security plan is very carefully worded. Unlike Bloomberg’s past statements, the plan does not overtly endorse Social Security cuts. That’s no surprise, since cutting Social Security is incredibly unpopular with voters across the political spectrum. But a close read reveals that Bloomberg hasn’t changed his views. He’s........

© Common Dreams