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View Diary: Should Americans Forgive the $2.5 Trillion Borrowed From Social Security? (181 comments)

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  •  I think the "temporary" tax cuts... (17+ / 0-)

    ... instituted by BOTH Bush and Obama need to revert back to the level they were at before they were instituted.  I never did understand the extensions of either, or why they were voted for in the first place.

    Obama's, in particular, cuts into FICA, thus reducing the amount that goes to the Social Security fund.  Let it revert back to what it was.

    Bush's tax cuts to corporations and the uber-rich are just motivated by greed.  Let them revert back to what they were.

    If taxes are so bad, then why were we doing better in the 1950s under Eisenhower when taxes on the rich were 90%...?  Lower on the income levels that were lower...?

    The uber-rich & corporations are the ones putting us in debt because they are the only ones profiting from wars..., and soon, from our health insurance and health care systems.  Let THEM pay the ungodly tax burden since they profit so much more and we're forced by law, now, to pay outrageous health insurance premiums.

    Seniors get Medicare, but it's not free - as implied by the morons in government and media who call it an "entitlement program."  [They are "Earned Benefits" - NOT "entitlements."]  The cost of the Medicare insurance is deducted from Social Security checks before it's auto-deposited in their checking accounts, so senior citizens and disabled people who receive Social Security and/or Medicare are NOT receiving welfare, as implied by the word 'entitlements.'  Social Security insurance is not free since it was paid for when we were working, and we also paid into Medicare when we were working, before we could use it, and still pay for Medicare after we start receiving Social Security.

    LIFT THE CAPS for Soc Sec and Medicare on all the higher income levels, eliminate the extravagant tax breaks to uber-rich and corporations (also don't let them hide their money offshore!), and that will do much to alleviate the financial shortfalls for the US Treasury AND Social Security and Medicare.

    Better yet, instead of forcing us to buy into private corporations' medical insurance programs, let us buy into the only not-for-profit, single-payer plan already in effect and actually working efficiently:  Medicare.  [Bonus: we don't pay overhead for Medicare, there's no executive bonuses, no stockholders to pay.]  Force caps on the corporate medical institutions, hospitals and clinics who are already charging outrageous fees (which means people can't get by on Medicare, but have to buy additional medical insurance, for which they get soaked a ton of money they can't afford to spend on a Social Security income)..., and it will boost the economy very well when additional employees will need to be hired right here in the US to handle the increased paperwork.

    MOST OF ALL:  Do NOT borrow against the Social Security Trust Fund..., particularly for stupid illegal, unjustifiable, unethical, immoral, dishonorable, unconstitutional wars that gain us nothing!!!

    I'm sick of attempts to steer this nation from principles evolved in The Age of Reason to hallucinations derived from illiterate herdsmen. ~ Crashing Vor

    by NonnyO on Mon Dec 03, 2012 at 02:24:24 AM PST

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    •  Originally there was ideology derived from (9+ / 0-)

      economic theory behind the trend to lower tax rates.  I call it Rightwing Republican Religion. Its almost in the DNA of this country going back to the first monopolies, trusts (business corporations) and robber barons.  Even earlier, at the founding of the country, there was the noble principle and ideal of equality and freedom for the common man versus the privileged few of the aristocracy.  I say it's in the DNA of America because we repeat this struggle and that's where we are again.  From 1880-1907 (approx), "Horse and Sparrow" was an earlier form of trickle down.  The elite self-identified as the Horse that deserved more than his share of oats to fortify him for pulling the wagon and if he had enough some would always pass through in his droppings for the Sparrows.  By the time of the Panic of 1907, the ratification of amendments instituting the income tax (1913) and women's suffrage (1920), and incidents like the Triangle Shirtwaist Factory fire in NYC (1911) when 146 women who were locked inside a factory that caught fire and died, there was consciousness that people needed protection from a predatory class of a privileged few who threatened to destroy the entire nation.  The formation of the Federal Reserve (1913) and the income tax were considered to be blows directed at wealth and government interference.   The wealthy gained an upper hand once again in the 1920s.  The stockmarket crash of 1929 was an echo of the 1907 bank panic.  FDR did a good job of instituting permanent provisions for people who were vulnerable to predators. It fuses together business and labor with both contributing to Social Security.  Medicare, Medicare, the Civil Rights Act and the Voting Rights Act represent a high water mark for progressivism in the US.  

      Somehow, by 1981 Reagan was able to sell the poisonous Nihilism that government is the problem and that it should abdicate its role in favor of the privileged few once again.  Capitalism was replaced with corporate fascism that reduced the consumer classes to subservients who waited for benevolence from a Job Creator God on high.  This was the biggest high-stakes con job the world has ever seen.   Americans still don't fully grasp the magnitude of it.  

      Everything you say is true and then some.  Even though the election is over, the struggle goes on.  The "owners" and their agents in Congress are not going to give up. A broad and prosperous middle class does not happen by itself.  It takes interference and intervention to make it happen.  This little bit of foolery buried on page 104 or a "concurrent budget resolution" betrays the vulture who still wants to take what you have if you don't protect it.

      "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

      by leftreborn on Mon Dec 03, 2012 at 06:27:17 AM PST

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