LETTER: Senator who doesn’t need SS benefit would cut it for others

To Ozaukee Press:

    Sen. Ron Johnson recently stated that Social Security and Medicare aren’t receiving proper oversight, are going bankrupt and Congress must approve funding annually. In other words, he’s advocating benefit cuts, a goal shared by most Republicans.

     There are funding issues with these entitlements; Medicare is projected to be insolvent by 2028 and Social Security will have to reduce benefits by nearly 25% after 2035. That’s an ominous forecast for the staggering number of Americans who rely on these programs. Nearly 70 million receive SS benefits totaling more than $1 trillion annually; Medicare has 65 million beneficiaries and spends about $800 billion and Medicaid enrollment tops 83 million.

     There are reasonable fixes, such as increasing the income level subject to payroll taxes and a small increase in the tax for both wage earners and employers. Left to the whims of deficit hawks like Johnson, the future of these programs will be in peril.

     After all, Johnson has always sought the largest tax breaks for billionaires, and he personally benefited from the 2017 tax relief bill. It’s plausible that another huge tax cut will materialize if Republicans control both the Congress and White House in 2024. Even with a new worth exceeding $50 million, Johnson recently lamented that it only doubled since taking office.

     Seniors such as myself deserve the assurance of receiving full benefits in order to realize a level of financial security that earlier generations did not have, and one that must be preserved for every generation to come.

Greg Melcher

Port Washington

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Wisconsin’s largest paid circulation community weekly newspaper. Serving Port Washington, Saukville, Grafton, Fredonia, Belgium, as well as Ozaukee County government. Locally owned and printed in Port Washington, Wisconsin.

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