Is Trump Going To Change Social Security If Elected

Republican presidential candidate, real estate mogul Donald Trump, speaks at the Family Leadership Summit in Ames, Iowa, Saturday, July 18, 2015. (AP Photo/Nati Harnik)

Republican presidential candidate, real estate mogul Donald Trump, speaks at the Family Leadership Summit in Ames, Iowa, Saturday, July 18, 2015. (AP Photo/Nati Harnik)

Is Trump going to change Social Security if elected, if so, you can guess it won’t be for the better. Social Security is vitally important to many Americans.  According to the Social Security Administration, the majority of elderly beneficiaries get 50% or more of their income from Social Security, while 22% of married elderly beneficiaries and 47% of unmarried ones get fully 90% or more of their income from it. Therefore , we can all guess  what the leading candidates for  U.S. presidency have said about Social Security and how they might change it, but  how would Donald Trump change Social Security?

To answer that question is harder because Trump hasn’t been very consistent in his views on Social Security and other topics. As Jim Geraghty noted in National Review last month, “Within 24 hours of becoming the presumptive Republican nominee, Donald Trump had reversed his positions on tax increases, paying down the debt, raising the minimum wage, and self-financing his campaign. It was a busy day.”

Still, it’s instructive to review things he has said about the program, as they can offer a little insight into his thinking, although it is  very general, Republican positions on Social Security range from reducing benefits to raising the retirement age further to reducing the Social Security tax rate to even privatizing the system. (Democrats, including President Obama, have called for strengthening the program.)

Back in 2000, in Trump”s book The America We Deserve, Trump compared Social Security to a Ponzi scheme, suggesting that it should be privatized and that the retirement age should be increased.

During a Republican debate in March, Trump reportedly said, “It’s my absolute intention to leave Social Security the way it is,” adding, “I want to make our country rich again so we can afford it.”
In a 2015 debate, when asked about limiting Social Security by income, he said, “As a policy, I would leave it up to the people,” adding: “Don’t forget they pay in, and maybe they do well, and maybe some people want it. But the fact is that there are people that truly don’t need it, and there are many people that do need it very, very badly.
Trump’s words might be reassuring, but we shouldn’t just accept them at face value. Politicians rarely keep all their promises, and this one has a history of changing his position on various issues.

Here are some reasons to worry: Trump’s team has suggested that his economic plan will grow the U.S. economy faster, leading to a multitrillion-dollar surplus within a decade. The Tax Foundation, though, which is more right-leaning than left-leaning, has begged to differ, estimating that should Trump succeed in sharply reducing corporate taxes and simplifying the tax code, his plans will reduce tax revenues by some $10 trillion. With that kind of a shortfall, our economic environment might not be conducive to preserving Social Security. (The Center for a Responsible Federal Budget has estimated that Trump’s overall plans are likely to raise our national debt by $12 trillion to $15 trillion.)

Several of Trump’s recently hired advisors are on record as wanting to privatize Social Security, reduce benefits, and otherwise shrink the program — including cuts to disability, Medicare, and Medicaid benefits. After Trump spoke out in general support of Social Security, his advisor Sam Clovis suggested on May 11 that Trump would consider making cuts to the program. While Trump may speak out in support of Social Security these days, note that he has also said “As Republicans, if you think you are going to change very substantially for the worse Medicare, Medicaid, and Social Security in any substantial way, and at the same time you think you are going to win elections, it just really is not going to happen.” He said that in a 2013 address to the Conservative Political Action Conference, and it shows him knowing that if he wanted to cut Social Security, it wouldn’t be wise to say so if he also wanted to get

With all that in mind, what is  to happen to Social Security should Donald Trump get elected president? Well, the best answer is: We don’t know. He has changed his position on lots of topics, including Social Security, and he would be arriving at the job with little governing experience. He may well leave a lot to his advisors, in which case cuts may very well be on the table and if they are many people will suffer. Even today Medicare has changed significantly causing it hard for the elderly to get proper care. If there is much more changes Medicare is barely going to exist. With the job shortage, the elderly need their Social Security because it will be harder for them to find work and they will not be giving up their jobs for the younger folks to take over.

It has even be stated by some, if Trump begins to take a lead over Clinton, the Stock Market is going to begin to fall and if Clinton begins to take the lead the Market will rise. The last few days the Market has dropped considerably and Clinton has made remarks that is not favoring her in the election so lets hope for the Market’s sake, she watches what she says. It would be nice if it would go back up.

What Is Happening In The Housing Market?

A person holding a miniature house and some dollar bills

A person holding a miniature house and some dollar bills

What is happening in the housing market? It seems to be going in all directions. Homes are climbing in prices. More people have begun to flip houses again. Several are beginning to buy homes for rental property. Is it because everyone knows that interest  is going up so they have jumped into housing now before interest gets high. Maybe the rise in interest really isn’t the reason either, maybe its because there is a shortage in homes.

Many contractors fear that building new homes may be harder to sell down the road if the interest does rise, so many are limiting the amount they are building. A lot are are working under contract building apartments, especially in my area in Northwest Arkansas, but what are flippers doing.

This last year homes are beginning to be flipped by many because there is a profit to be made. The average profit is $58,000. Most flippers pay in cash, which is hurting the average home buyer because they can’t pay in cash and everyone wants a house that is a foreclosure or needs a little work that doesn’t cost a lot. So the average home buyer is losing out and it is really getting hard for them to get financed. They can’t purchase a new home. In the United States the largest percentage of homes fall in the $250,000 to $500,000 right next to that is $500,000 to $750,000 range. There are hardly any in the $100,000 to $125,000 in fact they are in a minus percentage range.

So you can see an average income family doesn’t stand a chance against a flipper when buying a house, so they are stuck with renting an apartment,

If you decide to flip a house and want to make a good profit you will need to put a good amount into it to sell it to someone who is more than an average home buyer,because you paid the price they wanted to pay to begin with, unless all you want to do, is clean it up mend what needs to be fixed and make it presentable for resale for a quick profit to the average buyer. Mostly, your labor will be what you will have in the home. If you can get several homes bought in a year, to do quick sales you will have lots of buyers for a house with a lot lower price. Otherwise plan on several months of hard work and lots of money and waiting for the right buyer for your price.

The housing market will stay for a while as long as there are jobs and the interest stays down. If our economy will stay at bay. Now if any one knows when that is going to change they need to be out there telling everyone, before someone makes the mistake in investing in a home and then possibly losing their job.