Social Security Changes News Today

President-elect Joe Biden wants to make changes that would increase benefits for millions of Americans.

Played with patty murray and paul ryan, they basically said those are off the table. the best youre going to do is a small deal and its not even clear to me thats something they want to. dont forget, the default is spending cuts with the sequester. >> no incentive for republicans to deal. >> not really. everybody tells me they want to stop the defense cuts. i believe that. >> some, not all. >> the problem with the sequester is it was supposed to be the worst possible alternative. it is except co...

Ellison calling on president obama to walk back the budget reforms in his proposals that would -- former dnc governor and former rnc chairman and nbc analyst michael steel. good to have you with me. governor, ill begin with you, besides the gop, should the president walk back the social security changes? >> of course not. look, the bottom line is, if were going to have a grand bargain, if were going to deal with the debt problem thats facing america and i believe is like an elephant pressing dow...

Reform and would save a lot more money. well see. i think the ball is in boehners and mcconnells court. they got something they wanted. lets see what they do with it. >> perhaps, but, governor, if the social security changes go through, the democrats can own the cuts. can they afford that? >> i think it remains to be seen whether the president can get enough democrats to vote for this. were not going to know of this. this is all speculation until we see what the speaker and the minority leader i...

Cuts, medicare changes, social security changes, anything, dont think about getting us to vote procedure them because we wont. which suggests the democratic campaign committee which on the weekend paul ryans plan quote was to destroy medicare may not be the basis for a deal no matter how charming president obama was over dinner. >> we are talking about obama himself who has compromised 0 tax cuts, finally -- they finally agree to raise another tough 1%. he compromised on healthcare, wanted a pub...

The poll numbers of the republican party or of this congress he certainly par out shines them in terms of the numbers. jon: and john boehner admitted as much when he had that interview over the weekend. but does it suggest, though, that the president, you know, who is so concerned about his legacy, i mean we know that he meets with, you know, white house historians and so forth, does it suggest that he has, you know, realized that he needs to work with this congress to get anything done and to c...

>>greg: here are the four areas: tax code overhaul, discretionary spending cuts, medicare and medicaid and social security changes. for example, what kind of tax code overhaul are we talking about jonathan? >>reporter: well, again, based on the presidents debt commission which has the idea that if you close a lot of loopholes, and, look, a lost tax breaks we dont really think of as loopholes like, for instance, the deduction you get for charitable giving if you shrink those or eliminate them, yo...

Because it is broken. everybody knows that. >> im going to get myself an admirals hat and a bottle of whiskey and start thinking about spending. i love the way we keep talking about drunken sailors. you know, it is economic stimulus. maybe we can even deploy some social security number towards lending to small business, which is something the banks dont seem to be able to do. >> thats such an -- that is so wrong. >> start with reform by the most privileged and lucky people in this country. >> no...

Deliver this fessage -- message today, were not playing that game. im not going to say whats in, im not going to say whats out. i want this commission to be free to do its work. >> reporter: free to do its work. everything is on the table. that means medicare changes, social security changes, medicaid, it could mean more revenues, it would keen a value added tax, sort of a variation on a national sales tax, all those options are on the table, there are 18 members of the commission, gregg, 14 do ...