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"Never before have so few with so much promised to take away so much from so many and then laugh their asses off as the so many with so little vote for the so few with so much."
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"American Politics, a sport for the rich and enslavement for the rest of us."
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Republicans Continue Trying to Steal SSI Benefits From the Young

by: RDemocrat

Mon Nov 26, 2012 at 20:53:16 PM EST


In the last two Presidential elections young people have shown up and been a major factor in electing and re-electing President Obama. There is a very good reason for this. You see, these young voters may be just a little more savvy than the "experts" give them credit for. And while these experts have come up with several reasons why the young have voted for Obama maybe the truth is more simple than they want to admit. Maybe young folks have begun to realize what Republicans really have in store for them.
RDemocrat :: Republicans Continue Trying to Steal SSI Benefits From the Young
Yes, now Republicans are showing their true colors in the "fiscal cliff" negotiations and proving that younger voters may understand what is at stake. Their future retirement.  Because now Republicans are reviving their decades long wet dream. To steal Social Security from Americans. While they have long known that they cannot openly steal the Social Security of older Americans who keep up with such things and vote, they are once again trying to steal the Social Security of younger Americans.   Already in the fiscal cliff talks Republicans are salivating at the possibility of raising the retirement age for younger Americans to draw Social Security:  
But Republicans have insisted that reforming entitlement programs, including Social Security, which constitute more than one-third of federal spending, must be part of the equation if Republicans are willing to increase revenue by limiting tax deductions and loopholes.  "I don't think you can look at entitlement reform without adjusting the age for retirement," Sen. Lindsey Graham, R-S.C., said on Sunday. "I don't expect the Democrats to go for premium support or a voucher plan, but I do expect them to adjust these entitlement programs before they bankrupt the country and run out of money themselves."  McConnell places the onus on the president to meet the Republicans in the middle. "We have been clear about what we'll do and what we want, and yet we remain at an impasse, leading us to ask why," McConnell said. "Because a vocal minority on the hard left continues to argue to leaders of their party from the president on down that Democrats in Washington should do absolutely nothing about short-term or long-term spending problems."
 http://www.cbsnews.com/8301-34...  Democrats for the most part have shunned this idea. They have pointed out that Social Security is not a driver of the debt and should be adressed seperately:  
It's a similar position taken by Sen. Richard Durbin, D-Ill, the number two Democrat in the Senate, on Sunday. "Social Security does not add one penny to our debt -- not a penny. It's a separate funded operation, and we can do things that I believe we should now, smaller things, played out over the long term that gives it solvency," Durbin said on ABC's "This Week."
 The facts bear out the Democratic position and that of the President quite nicely:  
“The trustees’ report found that Social Security's surplus will be $69.3 billion in 2011.  Those who say that Social Security is in deficit this year are flat wrong,” said Nancy Altman, Co-Chair of the Strengthen Social Security Campaign. “By law, Social Security cannot deficit-spend and cannot borrow, so it is obvious that Social Security cannot add a penny to the federal deficit.”  “The trustees’ report states that Social Security will be able to pay all benefits for the next quarter century, even without congressional action. Bottom line, Social Security works,” said Eric Kingson, Co-Chair of the Strengthen Social Security Campaign. “Even in a bad economy, Americans continue to receive the full benefits they have earned for themselves and their families. The trustees report makes clear there is no reason to cut benefits—not for today's seniors; not for any generation.  It is true—but of no consequence—that the $738.4 billion in benefits paid and administrative costs estimated for 2011 exceed the amount of payroll tax contributions. But that is not surprising, especially in an economic slump. It has happened 17 times between 1958 and 2011, according to the Social Security Administration. More important, the program continues to have a large annual surplus even during a major economic downturn when more than 13.7 million Americans are officially unemployed and countless more were forced to retire early and begin collecting Social Security benefits due to the lack of job opportunities during the Great Recession.
 http://www.strengthensocialsec...  And besides the fact that Social Security simply does not need to be toyed with the other fact is that raising the retirement age for Social Security equals a huge benefit cut for younger Americans:  
Moving up the age for collecting benefits may sound easier to swallow than some other proposed changes for Social Security, like cutting cost of living hikes for all beneficiaries. On the surface it seems to make certain sense, since people, on average, are living longer (although, in truth, longevity gains have mostly benefited white men; for women of color with low incomes, for example, average life expectancies have declined since the 1980s).   But what is not well understood is that raising the retirement age results in a benefit cut. A law passed in 1983 raised the age from 65 to 66 now and eventually to 67. That change will result in an average cut of about 13 percent for retirees. As the accompanying chart shows, raising the statutory retirement age to 69 would result in a another cut of around 13 percent. That’s a very large cut.
  http://www.cjr.org/swing_state...  This chart sums up what is at stake:  Photobucket  So while the election is over, younger Americans better remain vigilent. Republicans will not rest until your Social Security is gone, either by huge benefit cuts or by turning it over to the vultures on Wall St.  Besides, once again these are the ideas that were floated by Mitt Romney and widely shunned by America. We need to stand up and in no uncertain terms let Republicans know one thing. They will not steal our Social Security we have all worked so hard for.      
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©"Never before have so few with so much promised to take away so much from so many and then laugh their asses off as the so many with so little vote for the so few with so much."
A James Pence Quote



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