Wednesday, October 23, 2013

Social Security and Medicare are on the Chopping Block! WHY?


Look out below, Congress and the White House are preparing to throw Grandma off the cliff.
Perhaps you might detect a trend here. Rather than take on Wall Street and the 1 percent, also known as their funding base and their peers – those very people who are responsible for the most vast income inequality in a century and the current, lingering economic crisis facing Main Street communities across America – the White House and Congress are going after Grandma and Grandpa.
We’ve seen the outline of the goals advanced, and they are not pretty.

Social Security too should be off the chopping block. Among other reasons, Social Security contributes nothing to the deficit, its Trust Fund has a huge surplus and is fully funded through 2033 and can easily be strengthened for an even longer term by raising the income ceiling on payroll taxes above the current limit of $110,000.
Cuts to either Social Security or Medicare could not come at a worse time when seniors have been steadily losing ground to the economic disparities so rampant in our economic system today.


http://admin.alternet.org/economy/govt-shutdown-drama-over-theres-new-threat-our-most-important-social-programs?akid=11070.294211.PYNiPS&rd=1&src=newsletter913656&t=21

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