More must read from TPM "GOP Plans Major Social Security Cuts"

[NRaleighLiberal]

Every day there are multiple somethings to make the blood pressure rise...here's another one.

http://talkingpointsmemo.com/edblog/gop-plan-major-social-security-cuts

By JOSH MARSHALL Published DECEMBER 9, 2016, 2:13 PM EDT

"We'll have a story coming shortly on what I just mentioned a short time ago: that Republicans are now planning to pass major cuts to Social Security this year. Specifically, this bill is being introduced by Rep. Sam Johnson, Chairman of the House Ways and Means Committee's Social Security Subcommittee, the committee with jurisdiction over Social Security.

Until then let me cover the broad details of the plan.

Unlike the Bush-era plan to partially phase out Social Security and replace it with private investment accounts, this plan takes a different approach. Through a variety of mechanisms, this plan simply cuts benefits and introduces means testing. To look at specific cuts, changes in eligibility and so forth look at pages 2 and 3 on this official Social Security Administration scoring document analyzing the plan. The benefit cuts appear to hit everyone but are weighted toward more affluent recipients.

The big picture is that the current Social Security Trust Fund is predicted to be exhausted in the mid-late 2030s. So roughly in 20 years. People often refer to this as 'bankruptcy'. But that's not really accurate. At that point Social Security would only be able to pay 79% of benefits recipients will be entitled to in those years."

snip...and fume

[still_one]

1. People have been paying into both Social Security and Medicare, and they are entitled to the

benefit that they have been paying into. It is like an annuity.

We should be able to sue their asses if they are now cutting the benefits we have been paying into.

Part of the reason Social Security isn't as vibrant is because Congress has been STEALING from it to fund their wars. Another reason is the baby boom generation, which will take care of itself by attrition. If they want to get over the short term issues then just raise the cap. Oh no, that would mean people who make more money would have to pay more

[Squinch]

2. Who's surprised? Anyone?

Not me!

[BigDemVoter]

3. Glad I saved money.

I can live without my SS. . . . Those poor fuckers who voted for this despicable person AND who depend on their SS to live? I don't give a flying FUCK about them. I really, seriously don't. You can't cure stupid and racist, and I'm not even going to try anymore.

[SammyWinstonJack]

4. Well, I can't live without mine and I didn't vote for that POS. Lots more like me then you,

I'm afraid.

[BigDemVoter]

5. Don't get me wrong!

I sounded insensitive, and I didn't mean to. What I meant is that these poor fools who DID so are going to get hurt, as are we all-- some more than others. I don't have any sympathy (for what it's even worth?) for THEM, as they have brought this awful person on us all.

And by the way, I CAN live without my ss, but it would involve having a vegetable patch next to my (urban) house with chickens (hopefully) to raise somewhere. Yeah, I could do it, but it wouldn't be fun.