Bernie Sanders: where is Obama on Social Security?
http://www.sanders.senate.gov/newsroom/news/?id=6346bbaa-e8a5-44bb-9d3c-af5af4126bafDuring the past four years, President Obama has been largely silent on Social Security. The White House even failed to rebut alarming reports last year that Obama was considering Social Security cuts as part of a "grand bargain" with Republican House Speaker John Boehner.
Unlike Obama, his Republican challenger's stance on Social Security is much clearer. Mitt Romney wants to begin the process of privatizing Social Security. He wants to gradually increase the retirement age to 68 or 69. Romney also favors slowing the growth of benefits for persons with "higher incomes." Under a plan floated by Romney's allies on Capitol Hill, someone making about $45,000 a year today who retires in 2050 would receive 32 percent less in annual Social Security benefits than under the current formula. By that definition, the top 60 percent of all wage earners would be considered "higher income."
"It should come as no surprise that Republicans in Washington and Gov. Romney want to slash Social Security. The truth is Republicans have never liked Social Security and they have been attacking Social Security since its inception," Sanders said.
"The question, however, that millions of Americans are asking themselves today is where President Obama stands on Social Security. Unfortunately, he has been largely silent on this issue since he has been in the White House and during this 2012 campaign."
Social Security has not contributed to the deficit or national debt. It has a $2.7 trillion surplus and will be able to pay 100 percent of promised benefits to every eligible recipient for the next 21 years. Even with no changes, there will still be enough funding to pay more than 75 percent of promised benefits after tha
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It has been done in the past and I see no problem doing it. If congress refuses to pass it their toast, and so is any politician that wants to cut it. Of course we have the lies out there and MSM is all to happy to promote them. Stupid people in this country believe them and vote them in office.
SS is not broke and can be fixed easily.
Cutting SS for anyone making $45,000. in 2050 is insane. Cutting SS 32% today would lead to poverty and if anyone thinks prices aren't going to rise by 2050 their insane. America will truly become a 3rd world country.
As far as raising the retirement age it depends on the type of work you do. If you sit at a desk all day that's fine. Think of a 70 year old roofer, construction worker, etc. They used to die at their jobs because they had to keep working until they died or kids could afford to take care of them. I am appalled that this is even considered by our politicians. You know, the folks that sit around getting bribes from lobbyists and are multimillionaire's when they leave office. They sell their soul and don't give a shit about their people.
If I was a young person today I would be getting out of this country. Of course that must be chosen carefully. One needs to avoid finding ones self in a country America chooses to go to war with. Denmark/Netherlands might be off the US radar for drone attacks, at least for now.
Now in the past it seems folks think I am from Canada. NO I have Newfoundland dogs (hence the name Newfie) so I have every right to speak out about this shit.
