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View Diary: Chained CPI: The wrong solution to a problem that doesn't exist (91 comments)

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  •  I am very concerned about (12+ / 0-)

    the possibility of Chained CPI.  It appears Social Security is solvent for many years so I don't know what the crisis it.  I also think raising the payroll tax cap would help with future solvency.

    Say "No" to Chained CPI.

    by Arlys on Wed Apr 03, 2013 at 05:19:00 PM PDT

    •  The "problem" is that the Social Security surplus (11+ / 0-)

      has been used to pay for tax cuts for the rich and wars of choice (via government bonds) and they don't want to pay those back.  Apparently they think they can default on those special SS bonds without any real consequences because they are "special bonds".

      You have watched Faux News, now lose 2d10 SAN.

      by Throw The Bums Out on Wed Apr 03, 2013 at 05:28:46 PM PDT

      [ Parent ]

    •  The crisis is the Government has been taking (5+ / 0-)

      Social Security revenues for years (decades?) now to cover the general fund. If they hadn't of done that, the deficits we see now would be much greater.

      But, now the Boomers are coming, and the money is due. So the political/deceiver class, both Parties, who have been together in this looting all along, are seeing the chickens about to come home to roost. So the destruction of Social Security, either by degrees (well, gosh it's not really working so let's go to Private Wall Street Insurace) or in one fell swoop has become the priority for all of them.

      The Rich go to jail for stealing from each other, like Madoff, so who's left to steal from but the rabble?

      If Republicans said every 3rd person named "Smith" should hang, we'd bargain them to every 7th. Then we'll see apologia written praising this most pragmatic compromise. There's our losing formula.

      by Jim P on Wed Apr 03, 2013 at 08:45:21 PM PDT

      [ Parent ]

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