Wednesday, September 15, 2010

Dave Johnson: Social Security Proposal: Make Them Work -- Longer

by Dave Johnson

DC is talking about cutting Social Security for working people at the very same time it is talking about extending tax breaks for the wealthiest people in history. This is a result of our county's shift away from democracy and toward plutocracy. This post is about the astonishing change in attitude toward regular people that is the result of this shift.

There is a DC "Deficit Commission" that is supposed to be cutting budget deficits (that result from tax cuts for the wealthy and increases in military spending) but is instead talking about cutting Social Security. Get this: Social Security is a fully-funded program that uses no tax money. By law it cannot borrow so it cannot contribute to the deficit! At the same time, the huge military budget (we spend more than all other countries combined) is completely unfunded and faces a huge shortfall every year -- but cutting that is off the table.
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