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WhaTHellsgoingonhere

(5,252 posts)
Fri Mar 8, 2013, 07:03 PM Mar 2013

Will Bernie Sanders filibuster Barack Obama?

I don't know, but at this rate, we may find out

President Obama stepped up efforts this week to cut Social Security benefits and lower payments for disabled veterans and their survivors. Obama doesn’t say so directly. Instead, the White House talks in lofty terms about a “grand bargain” with Republicans in Congress. They use inside-the-Beltway jargon to talk about something they call a chained CPI. In plain English, it would change how inflation is measured in a way purposely calculated to cut annual cost-of-living adjustments for retirees and veterans. Sen. Bernie Sanders on Friday called it “a bad bargain” and a “horrendous” idea. In television interviews, he explained how the president’s proposal would really work and how it would hurt retirees, widows, orphans, disabled veterans and their survivors.

Sanders has a better idea how to make Social Security strong for decades to come. He would apply the Social Security payroll tax to income over $250,000 so millionaires and billionaires pay the same payroll tax rate on all their income as almost every other worker in America. He got the idea, coincidentally, from Barack Obama. In 2008, Obama advocated the same thing during his first campaign for the White House. Sanders on Thursday introduced Obama’s good idea as a bill (S.500) in the Senate. The legislation was co-sponsored by Senate Majority Leader Harry Reid. Rep. Peter DeFazio introduced a companion bill in the House.


http://www.sanders.senate.gov/newsroom/news/index.cfm?id=CDF8561E-F58F-4F10-BC1E-02FD977DA973

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Will Bernie Sanders filibuster Barack Obama? (Original Post) WhaTHellsgoingonhere Mar 2013 OP
corps will shut this down b/c of the company match elehhhhna Mar 2013 #1
How right you are. Corporations love to give big raises and bonuses to those earning more than indepat Mar 2013 #2

indepat

(20,899 posts)
2. How right you are. Corporations love to give big raises and bonuses to those earning more than
Fri Mar 8, 2013, 08:25 PM
Mar 2013

the maximum income subject to social security payroll taxes. The effect has been that an ever-increasing proportion of the nation's income has not been subject to these payroll taxes, thereby effectively starving the trust fund of the funding needed for long-term viability, I might add, with much malice of forethought. Should Senator Sanders filibuster if circumstance dictate, the electorate would be made much more aware of what right-wing politicians on both sides of the aisle have in store for we the people and it ain't pretty.

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