UPDATE: http://act.ly/2mo|Here is a petition> that tells President Obama that he'll lose our vote in 2012 if he cuts Social Security.
http://www.huffingtonpost.com/cenk-uygur/cutting-social-security-i_b_782000.html|Cutting Social Security is the New TARP>By Cenk Uygur
Politicians who signed off on TARP lived to regret the day they did (especially Republican ones, just ask Bob Bennett and Mike Castle). Those votes will haunt the congressmen who supported the bailouts for years to come. That's the same exact thing that's going to happen to politicians who sell out the middle class by agreeing to cut Social Security.
The chairmen of the Deficit-Reduction Commission just released a report that recommends that we cut benefits for current retirees by 3 to 6% and eventually raise the retirement age to 69. Why not make it 89 while you're at it? At that point, Social Security will be completely solvent forever because only three people will live long enough to collect it. Remember, it's not just that you can't retire till later, it's that you don't get benefits for those extra two to four years - that's a huge cut of your Social Security.
Plus, to add insult to injury they also propose to cap Medicare. Some worry this might even lead to rationing. This helps because the cuts to Social Security didn't hurt enough.
These are all non-starters. Social Security currently has a $2.5 trillion surplus. Anyone telling you otherwise is lying. They have created a fake crisis about Social Security not being able to pay full benefits by 2037. So, the answer is to shred benefits now? How does that help?
Of course,
this proposal doesn't help you to collect the Social Security payments that you're owed after a lifetime of paying into the system. It helps them rob you. Now, those are stark terms, but totally justified when you consider the second part of this so-called Deficit-Reduction Commission. Instead of addressing the deficit by doing spending cuts and tax increases (both painful and both necessary to reduce deficits), they actually cut taxes. That's mental. That makes the deficit much, much worse.
They propose to cut the top rate from 35% to 23% for the personal income tax, and the corporate tax rate would get cut from 35% to 26%. What an unbelievable joke. So, you have to cut Social Security and Medicare because you just had to give the rich one more gigantic tax cut?... Note: The post above was just an excerpt.
http://www.huffingtonpost.com/cenk-uygur/cutting-social-security-i_b_782000.html|Click Here> to read the full piece.
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