General Discussion
In reply to the discussion: Obama is wrong on Social Security. [View all]MrMickeysMom
(20,453 posts)Social security does not add to the deficit or debt. It is paid for by our payroll taxes. Any "cuts" or changes to a chained CPI inflation index is a 3rd attempt to privatize and destroy social security.
The 1st attempt was in 2005 when Bush attempted to privatize social security, which failed miserably.
The 2nd attempt was 4 yrs ago when Obama put in place the tax "cut" of 2% That tax cut was to the payroll tax that was set to feed into the social security trust fund for its longevity.
The 3rd we're seeing right now is with this change to a chained CPI.
Pete Peterson and other corporate shills should be taken to the public square and FLOGGED publicly. Then, they should be prosecuted for treason right along with the other traitors.
That's exactly what the FUCK in going on here!