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The rich would see tax increases, the poor and the elderly would get smaller annual increases in their benefits, and middle income taxpayers would slip into higher tax brackets despite Obama's repeated vows not to add to the tax burden of the middle class. His proposed changes, once phased in, would mean a cut in Social Security benefits of nearly $1,000 a year for an average 85-year-old, smaller cuts for younger retirees.
Anything to get his way......
Obama seeks deal, proposes cuts to Social Security
So Obama is willing to put something on the table that he hates to do. Both the left and the right are dismissing his proposal. GET REAL PEOPLE!
You would think Republicans would jump at the offer to make it even more difficult for the elderly. Isn't that partly why they created all that debt in the first place?
Obama seeks deal, proposes cuts to Social Security
So Obama is willing to put something on the table that he hates to do. Both the left and the right are dismissing his proposal. GET REAL PEOPLE!
Obama seeks deal, proposes cuts to Social Security
So Obama is willing to put something on the table that he hates to do. Both the left and the right are dismissing his proposal. GET REAL PEOPLE!
He won't get anything done when he insists on raising taxes on people.
The rich would see tax increases, the poor and the elderly would get smaller annual increases in their benefits, and middle income taxpayers would slip into higher tax brackets despite Obama's repeated vows not to add to the tax burden of the middle class. His proposed changes, once phased in, would mean a cut in Social Security benefits of nearly $1,000 a year for an average 85-year-old, smaller cuts for younger retirees.
Anything to get his way......
Obama seeks deal, proposes cuts to Social Security
So Obama is willing to put something on the table that he hates to do. Both the left and the right are dismissing his proposal. GET REAL PEOPLE!
He won't get anything done when he insists on raising taxes on people.
You mean the Republicans will stop anything from getting done when they refuse to compromise.
He won't get anything done when he insists on raising taxes on people.
You mean the Republicans will stop anything from getting done when they refuse to compromise.
I showed thru what was offered that it was not a compromise... and it was a cut in the parts of SS that most cons and libertarians do not want to cut in SS... but just gloss over that, per usual
The President's proposal to cut the social safety net may someday look as retrograde as Clinton signing DOMA.
President Obama reportedly is unveiling a budget using the chained CPI inflation measure to cheat elderly Americans out of the benefits they were promised. In two previous posts Ive explained the perversity of the current debate about Social Security. The tax-favored private components of Americas mixed private-public retirement system programs like employer pensions, 401Ks and IRAs are inefficient, volatile and subject to manipulation by overcompensated, fee-extracting money managers. In contrast, the Social Security program is simple and efficient, and has low overhead costs. And yet the bipartisan establishment, including many progressive Democrats as well as Republicans, wants to cut Social Security the part that works and expand tax-favored private savings, the inefficient, unstable and inequitable part.
While cutting Social Security makes no sense at all in terms of economics or public policy, it makes excellent sense in terms of the selfish class interests of the super-rich. They have extracted about half the gains from economic growth in the U.S. in the last half-century and recycle some of their profits to fund politicians, and lobbyists, as well as mercenary propagandists who pose as neutral think tank experts. Social Securitys contribution to the retirement income of the rich is negligible, while the top 20 percent receives around 80 percent of the income from tax-favored private retirement savings accounts like 401Ks. Naturally many of Americas oligarchs want the public discussion to be solely about cutting Social Security benefits for the bottom 80 percent, rather than 401Ks for the top 20 percent. To paraphrase Leona Helmsley, Social Security is for the little people. And if we cannot afford all of our present public-plus-private retirement system well, as the saying in Tsarist Russia had it, let any shortage be shared among the peasants.
Obama find a cure for cancer and the rebulicans would bitch that it would put doctors out of work. He needs to understand that anything he does will be lampooned by the cons. Hell he came out with a healthcare plan which included mandates, which was first proposed by the Heritage Foundation, and you saw what happened there.
Obama find a cure for cancer and the rebulicans would bitch that it would put doctors out of work. He needs to understand that anything he does will be lampooned by the cons. Hell he came out with a healthcare plan which included mandates, which was first proposed by the Heritage Foundation, and you saw what happened there.
Obama find a cure for cancer and the rebulicans would bitch that it would put doctors out of work. He needs to understand that anything he does will be lampooned by the cons. Hell he came out with a healthcare plan which included mandates, which was first proposed by the Heritage Foundation, and you saw what happened there.
You would think Republicans would jump at the offer to make it even more difficult for the elderly. Isn't that partly why they created all that debt in the first place?
Then why is it Democrats are taking this and running with it? Oh so they can blame Bush for it later, when it blows up in their face.
Obama seeks deal, proposes cuts to Social Security
So Obama is willing to put something on the table that he hates to do. Both the left and the right are dismissing his proposal. GET REAL PEOPLE!
