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Social Security
Photo by Senator Mark Warner/ CC BY 2.0

This article was produced by the Independent Media Institute.

Tom Michels worked 31 years at LTV's iron ore mine in northern Minnesota—and had already started making retirement plans—when the company's bankruptcy wiped out his job and most of his hard-earned pension.

Michels took a series of odd jobs to make ends meet until he became eligible for the Social Security benefits that now enable the 71-year-old to buy food, cover health care costs and even travel a little with his wife, Vicky.

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Photo by designer491/ iStock

By the time you read this, President Donald Trump's latest economic stimulus plan may be largely forgotten. But it has revived an unpleasant idea that the right fringe has been peddling for years: killing Social Security and Medicare.

We speak of an executive order that would cut payroll taxes. Payroll taxes fund virtually all of Social Security and much of Medicare. Without this money, Americans would have neither.

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