3:53am November 9, 2013

➸ Obama Wants to Cut Social Security

Obama is proposing, along with the support of Republicans and many Democrats, to change how annual increases in Social Security benefits are calculated. Obama wants to switch to a different formula, called Chained CPI. This switch would result in a benefit cut of $230 billion dollars over 10 years. All this is being done under the guise of “strengthening” the program and “securing it for future generations”.  (See here, here, here, here and here)

 … The changes being proposed are an insidious way of robbing the elderly as they grow older.

What makes these proposed changes even sadder is that according to surveys[1], 84%of people believe current Social Security benefits do not provide enough income for retirees, and 75% believe we should consider raising the amount of benefits paid and 68% support an outright raise in benefits.

In Washington, both sides of the aisle are hopelessly out of touch with ordinary Americans.

Gah my parents are poor enough as it is.  (And so am I, I get benefits through their benefits.)

I wish more people would realize that Obama isn’t as left-wing as he banks on people assuming he is, hell he doesn’t even rate liberal let alone further left.

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