Does Obama want to push granny off a cliff? [View all]
April 9, 2013, 8:10 a.m. EDT
PORT WASHINGTON, N.Y. (MarketWatch) — Along with the Republicans and the Federal Reserve, you may be able to add President Obama to the list of those who don’t give a hoot about seniors.
In his new budget, the president appears to be heading in the same direction. He wants to reduce Social Security benefits at a time when, if anything, seniors need an increase.
His idea of cutting these benefits is a sop to the Republicans. The chief executive evidently hopes that they will accept another round of tax increases in order to lower Washington’s budget deficit going forward.
This gambit is misguided, unfair and may also be illegal. It makes it seem that the president either doesn’t know or doesn’t care about the needs of our senior citizens.
These people who think Social Security is fair game overlook the following:
(1) Social Security is self-funded;
(2) It is currently running a surplus;
(3) It not contributing one red cent to the government’s budget deficit;
(4) Thus it does not need to be “reformed;”
(5) Most important, recipients are entitled by law to receive these benefits.
More: http://www.marketwatch.com/story/does-obama-want-to-push-granny-off-a-cliff-2013-04-09?siteid=yhoof2
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