Boehner & Co have stolen from the SS trust fund for decades--Now they want to steal your retirement!

[Faryn Balyncd]

After decades of financing tax cuts for the wealthy by raiding the SS Trust Fund (by means of so-called "unified budget" accounting).....

After literally decades of Republicans, espcially Reagan, Bush 41, and Bush 43, using SS SURPLUSES to finance wars and tax cuts for GOP donors........

Boehner now wants to blame the very people who paid for those SURPLUSES with a lifetime of SS contributions.... and wants to steal your retirement (by fraudulent rigging of the calculation of CPI & the SS COLA primarily, but also by delaying the retirement age) after you have carried his water for 40+ years with the SS surpluses which made up for Republican deficits & fiscal irreponsibility...

And Boehner has the gall to float the LIE that Americans support reneging on payments to those who have made a lifetime of payments in good faith.

Fuck you, John Boehner.

Voters will tell you a different story!



http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8947156





:kick:

[MichiganVote]

1. When the hell is any journalist going to dig into this guys life? I mean come on....

[Cleita]

2. When journalists like Amy Goodman get equal

access to air time.

[Martin Eden]

3. Next time a Freeper complains about "redistribution of wealth" ...

Tell him you agree, but point out that it is being redistributed upwards.

[Jeffersons Ghost]

4. K&R

[spooky3]

5. They AREN'T "surpluses." they are retirement investments that are needed

To pay for the obligations owed to workers when they retire. They are like savings fir a home. They aren't extra money. The Republicans' thinking of them as surpluses is part of the problem.

[Faryn Balyncd]

7. You are absolutely right...But the GOP has raided these funds for decades.

[spooky3]

9. no question about it

[ProgressiveEconomist]

6. The REAL culprit is Alan Greenspan, who as a Reagan campaign adviser in 1980

complained that the poor were not paying enough in taxes.

Using as cover ideological opposition to a centrally-managed "sovereign wealth fund" for Social Security (like a big state pension fund), Greenspan set up a system allowing Rs to siphon Social Security surpluses HE CREATED for wars and "tax cuts" for the rich. Then he advocated cutting SS benefits and raising the retirement age, the very measures his escalation of FICA taxes in 1983 ostensibly were supposed to prevent: Paul Krugman pointed this out in 2004:

From http://www.nytimes.com/2004/03/02/opinion/02KRUG.html :

'Maestro of Chutzpah By PAUL KRUGMAN. Published: March 2, 2004

... during the 1980's the Greenspan Commission persuaded Congress to increase the payroll tax, which supports the program. The payroll tax is regressive: it falls much more heavily on middle- and lower-income families than it does on the rich. In fact, according to Congressional Budget Office estimates, families near the middle of the income distribution pay almost twice as much in payroll taxes as in income taxes. Yet people were willing to accept a regressive tax increase to sustain Social Security.

Now the joke's on them. Mr. Greenspan pushed through an increase in taxes on working Americans, generating a Social Security surplus. Then he used that surplus to argue for tax cuts that deliver very little relief to most people, but are worth a lot to those making more than $300,000 a year. And now that those tax cuts have contributed to a soaring deficit, he wants to cut Social Security benefits.

The point, of course, is that if anyone had tried to sell this package honestly "Let's raise taxes and cut benefits for working families so we can give big tax cuts to the rich!" voters would have been outraged.'

[Mimosa]

8. K&R n/t