Obama Should Keep His Hands Off Social Security

I’m getting worried that Barack Obama wants to cut back on Social Security.
His staffers are being quoted in the paper as wanting to put the issue on the agenda in the next few months.
His rhetoric about the need to reduce the budget deficit, even during the Great Recession, is ominous.
So, too, was his so-called “fiscal responsibility summit meeting” on Monday.
When “fiscal responsibility” is the subject, cutting Social Security is the predicate.
Republicans are trying to lure him into cutting Social Security by saying he could enjoy the bipartisanship that he so craves if he did that.
And his own OMB director, Peter Orszag, is on record favoring the cutting of Social Security benefits for everyone under 55, including a 9% cut for the youngest workers.
Slashing Social Security would be a colossal betrayal.
On the campaign trail, Obama accused McCain of wanting to undermine Social Security. Now he himself may do it.
And it’s a betrayal of the liberal promise going back to the New Deal that once you reach retirement age, you won’t have to worry about meeting your basic human needs.
The kicker is that Social Security isn’t going bankrupt. It’s fully funded until 2041, and could remain so for many more years simply by making the wealthiest Americans kick in their share.
Right now, Social Security taxes stop at $105,000 a year.
“It’s absurd that billionaires are contributing the same amount into Social Security as those who earn $105,000 a year,” Senator Bernie Sanders says.
Obama should lay off Social Security.
Update: In his speech to Congress, Obama again tipped his hand in the threatening direction of Social Security. "To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security," he said. " Comprehensive health care reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans." Here he hypes a distant and all but nonexistent threat to Social Security and makes it appear imminent. And he is laying the groundwork for proposing cuts. Plus, those universal savings accounts, if they come out of Social Security taxes, will drain the system of the revenues it needs to pay recipients. In essence, he'll be creating a crisis where there is none.
- Login or register to post comments
- Printer-friendly version
![]() |
![]() |
![]() |
![]() |
![]() |
This form needs Javascript to display, which your browser doesn't support. Sign up here instead
|
CURRENT ISSUE: JUNE 2012
Cecile Richards
Ruth Conniff | "Millions of women are counting on us for care. And if we're gone, there's no one else there," says the head of Planned Parenthood.
What's at Stake in Wisconsin
Ruth Conniff and Matthew Rothschild | Much more than Scott Walker's future hangs in the balance.
The Mother of Midwifery
Eleanor J. Bader | Ina May Gaskin has delivered more than 1,200 babies and revolutionized the field.
Scott Walker, the Monster.
See more at http://www.zinasaunders.com -- On June 5th, the voters of Wisconsin will decide whether to recall Scott Walker, the monster created by an unholy alliance between the radical right and big business, who has made attacking unions the hallmark of his administration. Cover for The Progressive magazine June 2012: http://www.progressive.org
Come to Progressive Talks and Events
June 4, Madison, WI
Terry Tempest Williams on "The Power of Voice"
Ruth Conniff and Matthew Rothschild on
"What's at Stake in the Recall."
5:30-7:30 pm at the Lakeside St. Coffee House, 402 W. Lakeside St, Madison.
It's a fundraiser for The Progressive. Contributions are tax-deductible.
If you can't make it but would like to contribute anyway, please send your check to The Progressive, 409 E. Main St., Madison, WI 53703.










Comments
Aq6fZO Hello all ppl!
viagra natural
achat viagra pharmacie sdfkjsdlk
achat viagra suisse 2342354
comprar viagra barato mansdman
achat viagra belgique vous 235677
achat viagra espagne wsefsdsf
achat viagra pays bas asdjasdk jk
viagra generique en ligne