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View Diary: We've got your $2.6T, and we're not giving it back (45 comments)

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  •  let me try to paraphrase (1+ / 0-)
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    Calamity Jean

    1) You're saying that the Social Security surplus has been spent (borrowed), with most of the benefits accruing to the wealthy.

    (Is there a quantitative argument or studies behind that - on the one hand the wealthy have been sucking up more and more of GDP, on the other hand, the funds were borrowed by the government, and a significant proportion of government spending is on social programs and tax breaks that also benefit middle and lower income levels. )

    2) Now that we've begun paying it back, the wealthy, who've become rich through government spending (government contracts, defense, bailouts) don't want to pay their share but, via "tax reform" aim to spread the obligation downward to the  middle and lower income levels.  And this seems pretty clear.

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