President Obama's budget is supposed to come out this week, but certain ideas are being "leaked" to see what they think would survive.
One of the more controversial bipartisan ideas is chaining the COLA adjustments for entitlement programs. AARP and liberal Democrats are already fuming about this. Think the public will agree to this way of reducing the growth of entitlements?
It should be a pretty small sacrifice for the people receiving benefits but should really save a significant amount of money when you add the tens of million of Americans getting checks.
Thomas Sowell: There are no solutions, just trade-offs.
Yep.... Far better to take a few dollars from seniors than from the wealthy. Their lobby isnt as powerful. I suspect that the AARP will be taking nemes on this.
Obama is wrong on this...... I am tired of him pandering to the GOP, in the vain hope that they will meet him halfway and compromise. They won't, ever.
archer wrote: Yep.... Far better to take a few dollars from seniors than from the wealthy. Their lobby isnt as powerful. I suspect that the AARP will be taking nemes on this.
Seniors won't be losing a single dollar of what they are being given, and perhaps, just perhaps mind you, those that are working to provide the Social Security benefit to those that are currently retired might not have to surrender yet more of their wages to provide the money Congress appropriates every year from them for that program.
Social Security isn't a pension program, it isn't an annuity, it isn't insurance. It is an annual tax levied on those that are currently working that is then appropriated by Congress to provide to those who have decided to retire. Congress could decide to stop appropriating any money at all for Social Security at any point they wished and there is not a single shiny Roosevelt fiat dime that anyone currently retired would have a "right" to as a result of funding the Ponzi for the entirety of their working careers.
Your "benefits" are entirely dependent upon the generations which follow you putting your self interest above their own, as you put the interest of those who were retired above your self interest when you were in that position. You are entitled to what Congress decides to appropriate from others and redistribute to you - nothing more, nothing less. That's been through the Supreme Court already. They have told you that the withholding taxes you paid were in no manner any different than the income taxes you paid. They told you that you have no right to any of the money you paid in taxes. If you weren't listening to them, you have no one to blame but yourself.
archer wrote: Yep.... Far better to take a few dollars from seniors than from the wealthy. Their lobby isnt as powerful. I suspect that the AARP will be taking nemes on this.
Seniors won't be losing a single dollar of what they are being given, and perhaps, just perhaps mind you, those that are working to provide the Social Security benefit to those that are currently retired might not have to surrender yet more of their wages to provide the money Congress appropriates every year from them for that program.
Social Security isn't a pension program, it isn't an annuity, it isn't insurance. It is an annual tax levied on those that are currently working that is then appropriated by Congress to provide to those who have decided to retire. Congress could decide to stop appropriating any money at all for Social Security at any point they wished and there is not a single shiny Roosevelt fiat dime that anyone currently retired would have a "right" to as a result of funding the Ponzi for the entirety of their working careers.
Your "benefits" are entirely dependent upon the generations which follow you putting your self interest above their own, as you put the interest of those who were retired above your self interest when you were in that position. You are entitled to what Congress decides to appropriate from others and redistribute to you - nothing more, nothing less. That's been through the Supreme Court already. They have told you that the withholding taxes you paid were in no manner any different than the income taxes you paid. They told you that you have no right to any of the money you paid in taxes. If you weren't listening to them, you have no one to blame but yourself.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
