Social Security and tax cuts for the rich. Letter to LA TIMES.

[Eric J in MN]

http://www.latimes.com/news/opinion/letters/la-le-security28feb28,1,1818065.story?coll=la-news-comment-letters

In the '80s the Social Security payroll tax was increased in order to build up a surplus against the retiring of the baby boom generation. That surplus finally began to show up in the late '90s. President Bush pointed to this surplus as an argument for cutting income taxes on the wealthiest Americans, in addition to his investor-class tax cuts (on dividends, inheritance, etc.). So the Social Security tax, which is incredibly regressive, is being used to fund huge tax cuts for people who pay almost nothing, relative to their incomes, into the program.

Now Greenspan, as a way of reducing future deficits, has come out in favor of cutting future Social Security benefits on people who've been paying into the system at the higher rates for the past 20 years. They obviously think we're stupid.

James Repka

Laguna Beach

[indepat]

1. The Rethugs are counting on the public being stupid else they

would not get more than 20-30% of the vote.

[Sugarbleus]

2. There was a discussion of this on

late night KGOradio.com the other evening.

In essence: WE'VE BEEN RIPPED OFF

Callers where fuming about where the money went?! Insisting that the government owes it back. They paid into the system automatically all their lives, so now they're saying: SHOW ME THE MONEY!

Basically, most of us know that the rethugs have been aching for a chance to kill SS and all social programs since forever.
It is just unconscienable how heartless conservatives can be!!