Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWill 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 doesnt 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 presidents 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 Obamas 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
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
2 replies, 955 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
2 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Will Bernie Sanders filibuster Barack Obama? (Original Post)
WhaTHellsgoingonhere
Mar 2013
OP
elehhhhna
(32,076 posts)1. corps will shut this down b/c of the company match
superexpensive.
indepat
(20,899 posts)2. How right you are. Corporations love to give big raises and bonuses to those earning more than
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.