Campbell
Gold Member
- Aug 20, 2015
- 3,866
- 646
- Thread starter
- #121
I hope this will wake you up...but alas, I have so little faith.Now that proves my point. You can't even find it...too funny.Obama just cut Social Security. Did you know this? Probably not since the MSM failed to report it. One would think any POTUS who cuts SS, would get a rash of shit from the MSM...but I guess it only applies to Rs.BULLSHIT!
People who have worked all their lives and paid into SS all their lives EARNED their SS.
Obama did huh? You need to provide links when you make claims. I couldn't find anything about Obama cutting SS. I did find this:
The trustees of Social Security, including three cabinet secretaries, said the disability trust fund would be depleted in the last quarter of 2016. After that, they said, benefits would automatically be cut by 19 percent because revenues, largely from payroll taxes, would be sufficient to cover only 81 percent of scheduled benefit payments.Social Security Disability Benefits Face Cuts in 2016, Trustees Say
The report sets up a fight between President Obama and Republicans in Congress. Mr. Obama wants to replenish the disability trust fund by shifting some payroll tax revenues from Social Security’s retirement trust fund.
Republicans, however, want more significant changes to improve the program’s finances. These changes could include reductions in disability benefits, restrictions on eligibility, new measures to combat fraud or new strategies to help people return to work. In January, Republicans adopted a new rule in the House that could block a direct reallocation of money at the expense of the trust fund that provides benefits for retirees.
Yes. I found that Republicans cut benefits because they have to do the exact opposite of what President Obama wants to do.
Baby Boomer Social Security Shocker | Fox Business
Rich folk's social security payroll taxes presently cut off at $117,000. What should be done is that should be stopped. That's why the Republicans keep screaming that the program is insolvent......because they don't want to fund it. Remember.....before FDR there were poor houses all over this country which barely kept poor old people fed, much less any other kind of assistance.