House Dems continue Social Security push

House Democrats went on the offensive over Social Security this week, warning policymakers not to look the entitlement program’s way as they tried to rein in federal spending. 

But as it turns out, it’s not just Republicans who have their eye on Social Security. Sen. Charles Schumer (D-N.Y.) signaled this week that Senate Democrats were open to extending the payroll tax holiday as a way to stimulate the economy.

{mosads}The White House had earlier indicated that it would not only consider continuing the payroll tax cut on the employee side, but would also discuss extending it to employers. 

In their proposed letter to the president, the three House Democrats say they are happy that the talks over raising the $14.3 trillion debt ceiling are also touching on ways to stimulate the economy. 

Still, they add, “we strongly believe that Social Security revenues must not be used for anything other than Social Security benefits.” 

“Whether the calculations are economic, political, or simply out of a sincere effort to make a deal, the price paid in breaking faith with the American people is too high,” the lawmakers wrote.