Bingo!! There it is. President's Budget included cuts to SS. Nevermind that the PBudget had to

[kelliekat44]

include cuts in personnel across the board as a result of sequestration and the process of submitting budgets within the PBudget is that heads of agencies cannot ask for more than the overall PBudget calls for. That's why Congress uses such opportunities to recommend more money than has be asked for but really only approves (except in cases of favorite agencies like NIH and Defense) the budget that cuts what they want.

[riderinthestorm]

1. Was this discussed in the hearing right now?

If so, did the republicans have even a bit of guilt on their faces??

[newfie11]

2. Why cut it

It's prefunded.

[djean111]

3. It seems to be the dream of both the GOP and the Third Way.

[newfie11]

4. Obviously all rich or insane and possibly both

If they were like most Americans they would look forward to that extra money during retirement.

[HereSince1628]

5. Corporateering philosophy is to dump public sector costs.

From government's view this 'serves the public' by keeping taxes low.
From the privateers view, it's motivation for the government to give away revenue streams.

Although SS isn't a tax as such, managers of investments take huge amounts of the gains and face no-risk. Such low risk money-making makes turning over SS to private companies the holy grail

[geek tragedy]

6. Huh? That's old news, his budget back then did include the cuts, and that was a bad move nt

[djean111]

7. I like keeping things like this in view so that just maybe, during campaign season, prospective

candidates can be asked how they feel about things like this. On the record. Not that candidates feel as if they should actually stand by their campaign blather, but at least we can get an idea of what to watch out for.