The 1% love us so much they want SocSec to be solvent when the sun explodes!

[eridani]

Isn't that sweet? The amoral sociopathic asshats.

New Legislation Designed to Pit Young vs. Old in Campaign to Cut Social Security & Medicare for Middle-Class Families

“Legislation introduced today to require the federal government to measure its obligations over an “infinite horizon” is nothing more than an attempt to create a crisis where there is none, pitting young versus old while also ignoring the true causes of our fiscal mess. The Orwellian named “Inform Act” does just the opposite of informing by reviving an already debunked mythical “infinity horizon” measurement. The goal of this legislation is far more political than economic and is a priority for the multi-million dollar anti-Social Security and Medicare lobby.

America’s middle-class families know the biggest threat to their economic security isn’t Social Security and Medicare, it’s economic policies which have favored the wealthiest Americans and large corporations for decades. This legislation diverts attention from the true challenges facing Americans young and old alike in favor of a divide and conquer political strategy preferred by those who hope to use middle-class benefit cuts to pay for our fiscal failures of the past.”

Max Richtman, NCPSSM President/CEO

###

The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.


Media Inquiries to:
Pamela Causey 202-216-8378/202-236-2123
Kim Wright 202-216-8414 www.ncpssm.org

[hollysmom]

1. OH good, just the way they are in the process of destroying the post office

[Cosmocat]

2. Yep

this is one of their clear traits, they will forever go back to the playbook if it worked before.

What is just befuddling to me is how they can so brazenly nibble at or directly go after SS and not get punished for it at the voting booths.

There WAS a time when that was instant electoral death.

Now, the apathy in this country is so great, people will lustfully pull the level for their great conservative representation even as they are openly working to take away their retirement.

[hollysmom]

7. people seem to believe the lies/ads on TV -

lie often enough and loud enough and the masses will believe you.

[liberal_at_heart]

9. and education and anything else that serves the public

[hollysmom]

10. and trying to make public lands private..... Yeppers they have a playbook that makes them happy.

[n2doc]

3. Lift the cap

Then there are no worries!

[reformist2]

4. What the 1% fear the most, is that Social Security ever be paid back by the general fund.

The Social Security surplus has been used to subsidize huge tax cuts for the rich for the past 25 years. These tax cuts mainly were in the form of lower income taxes that are used to provide revenue for the general fund. Now it's time for the general fund to start paying back Social Security the $3 trillion that was borrowed - this means higher income taxes on the 1% - and surprise surprise, the 1% don't want to do it.

[tclambert]

5. When Al Franken heard Social Security might have an $11 trillion shortfall, calculated over infinity

he said, "Well, that's easy to fix. You just pay an additional one dollar a year for the first 11 trillion years."

Infinities can be fun!

[alc]

6. I want solvent beyond 2037 (or 2034 or 203?)

I'm 20 years from getting it so I get pissed off when I hear "it's solvent until 2037 so we don't have to fix anything now".

I haven't heard a plan I like but the sooner we make some small changes the better. Small changes now can have a big effect over 20 years. If we don't change for another 10 years it will be more difficult and painful.

[hollysmom]

8. when they say that

They mean if nothing changes - but there are so many things we can do - just the changing economy can change that, if more people die off, it changes, if more people are born it changes, if they lift the cap it changes. if interest rates raise, it changes.

it is not fixed at all. The smart money is that they will keep extending that date for various impetus. All the check up s included in Obama care seems to be reducing medicare costs which is more threatened than SS.

[eridani]

11. The only thing we need to fix is scrapping the cap

Income inequality is far worse for millennials than for previous generations, and scrapping the cap is the only hope for compensating for that.

[reformist2]

12. They're upset because SS is starting to take money back from the general fund.

You'll remember that the general budget borrowed $3 trillion over the past two decades to allow huge tax breaks for the rich. But now it's time for the general fund to pay it back. And any hole created in the general fund eventually has to be filled in with (gasp!) higher income taxes!