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View Diary: US already has high elder poverty rate, so why are Social Security cuts even on the table? (223 comments)

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  •  I have noticed that once something's gone. It's (11+ / 0-)

    gone. And based on that, I doubt very much the gov't will stop using the chained CPI to calculate COLAs. When Reagan and Greenspan and Democrats doubled FICA taxes to cover baby boomer retirements so baby boomers would pay for both their parents and themselves, Social Security gradually accrued a huge surplus. That surplus of $2.7 trillion was used to pay for unfunded wars and unnecessary tax cuts. Now they're talking about cutting Social Security because they want to keep more of the the FICA taxes in the general fund to make up for the lack of revenue caused by tax cuts for the rich. It's such a cruel, unnecessary and duplicitous betrayal that I won't lie down for it. It's theft of my money, our money. And they hate paying interest on the $2.7 trillion!

    48forEastAfrica - Donate to Oxfam> "It is better to light a candle than to curse the darkness." Edna St.V. Millay

    by slouching on Mon Jan 14, 2013 at 11:07:24 PM PST

    [ Parent ]

    •  Yeah why aren't we repealing the Reagan deal? (3+ / 0-)
      Recommended by:
      Laconic Lib, midwesterner, Mr Robert

      This excuse that Democrats are going to come back later and fix the dirty deal they make has already been disproved.  

      They cut our benefits once already and now they are back for more.  Why should any of us believe this will be the last cut if we let them get away with it?  

      We have to make it so painful for them to try cut Medicare or Social Security that they don't dare to do it again.

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