Social Security HAS NOTHING TO DO WITH THE BUDGET, it is what YOU AND I PAY INTO, it's funding does NOT come out of the Budget!!!
Obama keeps offering it up for cuts? Whose going to get our money then? They certainly aren't lowering our payments into the program! SS IS NOT BUDGET MONEY, but Obama is trying to set the precedence that it is. When we had Republicans in Office, we'd destroy them when they tried this. Scott -------------------------------------------------------------------------- Sign up for our FREE Daily Email Newsletter Obama, Republicans Move Toward Deal to Slash Social Programs By Barry Grey December 18, 2012 "Information Clearing House" - The orchestrated negotiations between the White House and Republican House Speaker John Boehner on a deficit-reduction deal to avert the so-called fiscal cliff moved toward their predictable conclusion over the weekend, when Boehner offered to support a token tax increase on the super-rich in return for massive cuts in social entitlement programs. In a telephone call to Obama on Friday, Boehner dropped his opposition to any increase in income tax rates and said he would endorse allowing the rate for households making more than $1 million a year to rise from 35 percent to the Clinton-era rate of 39.6 percent. He also said he would support raising the national debt ceiling for another year. In return, Boehner demanded $1 trillion in cuts in the core federal health care programs for the elderly and the poor, Medicare and Medicaid, and the federal retirement benefit program, Social Security. Boehner reportedly said he would drop Republican demands for an immediate increase in the eligibility age for Medicare from 65 to 67, but would insist on changing the formula for cost-of-living increases for Social Security and other government-funded retirement and disability programs so as to reduce benefit increases for tens of millions of people. Republicans have also called for expanding means testing of Medicare, the first step to ending the health insurance system for seniors as a universal program and turning it into a poverty program. This would make it make it easier to starve the program of funds and ultimately destroy it. While Obama formally rejected Boehners proposal, leading Democrats praised it as a step forward and a breakthrough. Obama and Boehner met at the White House Monday along with Treasury Secretary Timothy Geithner, the third face-to-face, closed-door meeting between the president and the top Republican in the House of Representatives in less than two weeks. Obama has sought throughout the fiscal cliff talks to insist on an increase in tax rates for the rich in an attempt to provide a fig leaf of fairness to his historic assault on the basic social programs enacted in the 1930s and 1960s. In so doing, he is seeking not only to confuse and deceive the working population, which overwhelmingly supports higher taxes for the wealthy and opposes cuts in entitlement programs, he is also working to ease the way for his liberal and pseudo-left supporters to line up behind his anti-working class program. Obama has called for allowing the Bush-era tax cuts to expire on January 1 for households making less than $250,000 a year, while allowing the rates for those making more than $250,000 to rise. At the same time, he and other leading Democrats have repeatedly said that no proposals for cuts in entitlement programs and other social spending are off the table, as long as the Republicans accept some token rise in tax rates for the wealthy. The immediate aim of the current talks, held within the framework of an artificial end-of-the year deadline before some $600 billion in tax increases and automatic spending cuts begin to take effect (the fiscal cliff), is to reach an interim bipartisan deal for spending cuts and temporary tax increases on the rich that will serve as a down payment on more far-reaching austerity measures to be worked out in the course of 2013. Part of the agenda for the new year is comprehensive tax reform, which will supplant any minor tax increase on the rich with major cuts in corporate as well as income tax rates. Obama has thus far publicly proposed spending cuts totaling $600 billion as part of such a deal, but has signaled his readiness to raise that figure as part of an agreement. Any new cuts will come on top of $1 trillion in cuts agreed to last year as part of the deal to raise the debt limit and $700 billion in reductions in Medicare spending incorporated into Obamas 2012 health care overhaul. Both the cynicism and anti-working class character of the administrations strategy are underscored by the support it has generated among corporate CEOs. Last week, the Business Roundtable officially endorsed Obamas position of a tax increase for the rich combined with massive cuts in social programs. Corporate and bank CEOs and hedge fund managers have streamed into the White House in recent weeks for closed-door talks with Obama and other top administration officials. Boehners proposed increase in the marginal tax rate for households with incomes above $1 million, assuming that the multi-millionaires actually paid the increased taxes, would affect a mere 443,000 households, or about 0.3 percent of American households. These families take in an average of $3.3 million a year, and their tax bills would rise by an average of $134,000 in 2013. That comes to only 0.4 percent, on average, of their income. On the other side of the ledger are 48 million Americans who rely on Medicare, more than 50 million on Medicaid, and 54 million who receive Social Security benefits. The living standards of these millions of people will be severely affected by the structural changes and cuts that are being prepared by both big business parties. Some prominent Democrats are already suggesting that Obamas threshold of $250,000 should be raised to $375,000, $500,000 or $700,000. Earlier this year, Democratic House Minority Leader Nancy Pelosi and Vice President Joseph Biden separately spoke of raising the tax rate on those making more than $1 million. Others have suggested that the tax increase for the wealthy be pared back to one or two percentage points above the current top rate of 35 percent. Meanwhile, White House spokesman Jay Carney reiterated last week that Obama is prepared to make tough choices when it comes to slashing entitlement programs. Charles Schumer of New York, the third-ranking Democrat in the Senate, last week said of the Republicans, Were waiting for them to go to the top rate and that opens the door to everything. Right-wing Republican Senator Tom Coburn of Oklahoma was quoted last week as saying, Weve had conversations where [Obama] told me hell go much further than anyone believes hell go to solve the entitlement problem if we can get the compromise. Last week in an interview with Barbara Walters of ABC News, Obama himself predicted that the Republicans would drop their categorical opposition to raising tax rates on the rich and added, If the Republicans can move on that, then we are prepared to do some tough things on the spending side. Asked about raising the eligibility age for Medicare, Obama replied, [W]hat Ive said is lets look at every avenue. This article was originally posted at World Socialist Web Site Copyright © 1998-2012 World Socialist Web Site Scroll down to add / read comments <="" td="" style="font-family: arial,sans-serif; color: #000"> Sign up for our FREE Daily Email Newsletter For Email Marketing you can trust Support Information Clearing House Monthly Subscription To Information Clearing House Search Information Clearing House Gadgets powered by Google Please read our Comment Policy before posting - Share Follow the discussion Comments (27) Sort by: Date Rating Last Activity DrS · 1 week ago The middle class should not allow themselves to be destroyed. The ELITE don't want the middle class as they believe in democracy, freedom and liberty. They believe in reform as well. We will see a return to feudalism: the wealthy versus the poor. Bondage/slavery is not far off. Report Reply la conformidad · 1 week ago Was there ever a large or even significant middle class before the 20th century US? Maybe not. What was the result of the emergence of the US middle class? Hippies! Civil rights, women's lib, a gigantic peace movement, environmental legislation. Kennedy. Marijuana. Music like never before. 'the sixties.' Flower Power, Be ins , Love ins. An explosion of creativity and optimism. I was there, a fascinated young man, and I can tell you this: There was magic in the air. Every day was exciting and special. We were on the threshold of a Golden Age, an age whose memory and all hope of recovery must now be obliterated for the wealth and security of the A-class Report Reply2 replies · active 6 days ago l conformidad · 1 week ago How could I leave out Woodstock? Kent State, the following spring, told us how hated was the flowering of the middle class and all that it promised. Report Reply1 reply · active 2 days ago Mike Johnson · 1 week ago The media is once again failing to produce meaningful journalism. There is no question that everyone over $250,000/year needs to increase their support of the elderly, sick, and needy. Everyone over $50,000 per year can afford to give a little bit more. Of course there is no need for them to do so. Trillions of $$ can be saved by gutting the US military/CIA/terrorism complex. The millions of people who rely on those jobs need to transfer to useful productive jobs. They need jobs building infrastructure in the US and around the world. They might not enjoy building as much as they enjoy murdering, raping, destroying, and plundering, but that's the breaks. Suck it up. Report Reply JohnB · 1 week ago Cuts and Bunker Busters, such a nightmare. Report Reply1 reply · active 6 days ago intotheabyss · 1 week ago "The problem of entitlements"? Really? For whom are the so called entitlements (insurance we have all paid for) a problem? Criminal psychopaths hate it when they don't control everyone and everything. Report Reply Darryl · 1 week ago The same "Republi-Cons" sat quiet when G.W. gave tax breaks to the rich and burdened the middle class with increased taxes, and started two wars. It is clear they want to destroy Medicare, and Social Security and throw the average people at the whim of corporations. There is no shame!!! Report Reply proletariaprincess · 1 week ago Conformidad makes good points. The 60s and 70s were a time of great change and enlightenment. I was there too and believed that the US would never return to the bitter days virtual wage slavery, stagnant culture and arts and the shame of devastating poverty in the richest country in the world. It seemed impossible to imagine that anyone would call those the good old days. But they did. And they went further. They still blame all the ills of society on those two decades of progress. I have come to hate my country and wish I was well enough to emmigrate. I am comparing the USA today with the HItlers Third Reich and finding our country even more universally hated and feared than Germany in the last century. There were still good people in Germany back then. Some of them must have seen what was happening and been ashamed of thier country too. Report Reply3 replies · active 6 days ago proletariaprincess · 1 week ago I thought the capitalists just wanted to control SSI and Medicare. I still dont think they want to eliminate it entirely. How could they make any profit that way? Same as food stamps. I think it is the criminal institution, Citi Bank that has been allowed to administer that program. Just add means testing to SSI and Medicare and we will have a Dicksonian class division between the very rich and the very poor. Revolution anyone? Report Reply1 reply · active 6 days ago Banat German · 6 days ago Here an idea. Instead of picking on Social Security people, how about cutting 100 billion dollars a year from the military budget per year? How about cutting 10 billion dollars from the foreign aid budget per year? Cut billions of dollars in grants given to think tanks and non-profit organizations. Cut out the earned income credit that would save 77 billion dollars a year. So far, the total savings per year would be 193 billion dollars a year. I could go on, but not enough time and space to list everything. Report Reply 12Next » Post a new comment Embed video Add poll Check Spelling Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Login to OpenID NameEmail Displayed next to your comments. Not displayed publicly. Submit Comment Subscribe to Comments that include profanity or personal attacks or other inappropriate material will be removed from the site. 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