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JDPriestly

(57,936 posts)
90. The poor now get food stamps, rent subsidies and other programs that
Thu Apr 11, 2013, 07:45 PM
Apr 2013

supplement their income. From what I can tell, Obama's plan would take money from the Social Security Trust Fund which was put into that fund to compensate for the stress on the system when the large generation of baby boomers retired to cover those additional benefits for the very poor. Those who would receive them are the people who did not put enough into Social Security during their working years to qualify for a larger benefit.

Looked at it objectively, it appears that Obama wants to take money from the Social Security Trust Fund to pay for the food stamps, etc. for this very poor group of seniors RATHER THAN FROM THE GENERAL FUND which is where it comes from now.

Thus, Obama claims to be raising the benefits for the poorest seniors, those under the poverty level, but what he is not saying is where that money will come from. And unless someone shows me evidence that I am wrong, I am saying that the money for the poorest is to be found by transferring the burden for the food stamps, etc. onto Social Security. To impose that additional burden on Social Security, as I understand it, Obama proposes to reduce the benefits for the people who paid enough in payroll taxes to qualify for the slightly higher benefits. Remember the average benefit is only between maybe $1200 - $1300 or so per month. The people getting the average benefits are only barely getting enough to be above the poverty level.

It's a scam on the lower middle class people (most Americans) who rely on Social Security for at least 90% to 100% of their income as they age.

Had this been introduced at a time when interest rates were high and those seniors who had saved could depend on income on savings beyond Social Security, then this plan might be acceptable and people would be hoodwinked. But everybody is hurting. Seniors have complained far less than others even though many of us would not have retired yet if jobs were plentiful. We have just accepted Social Security and drastically reduced our lifestyles.

But the chained CPI and the missed and reduced COLAs are just too hard a blow. This is why we are so angry.

And on top of it all, our children face huge debts for school and dare not start families or buy houses. And we do not want to burden them.

The military demands too much, far too much of our national income.

"How dare you Mr. President." SammyWinstonJack Apr 2013 #1
+100000 woo me with science Apr 2013 #50
K&R Scuba Apr 2013 #2
Excellent post Oilwellian Apr 2013 #3
That is woo me with science Apr 2013 #4
"...Chicago gangster-style knife in back..." alcibiades_mystery Apr 2013 #5
Two words - Revelations/antiChrist xtraxritical Apr 2013 #40
One word loudsue Apr 2013 #109
so true! wendylaroux Apr 2013 #6
They ARE listening. To the rich.... Spitfire of ATJ Apr 2013 #61
Nancy Pelosi is not calling this a "cut". Life Long Dem Apr 2013 #7
Horse shit. We all know this is a cut. COLA adjustments downward are cuts. n/t Triana Apr 2013 #8
What about the poorest elderly? Life Long Dem Apr 2013 #12
It's great that such protections might be included. However.... Triana Apr 2013 #15
Population growth in America has been below Zero for many years now. Cuts are not necessary. DhhD Apr 2013 #17
I don't know where your're getting that. OnlinePoker Apr 2013 #44
Yeah great Life Long Dem Apr 2013 #19
Fuck "PROTECTIONS" from the President's policies. woo me with science Apr 2013 #27
Right on!!! lark Apr 2013 #42
The "protections" ( I read them) are A JOKE.. and you are correct! tokenlib Apr 2013 #83
I agree with YOU. We should be raising the payouts, not making cuts AllyCat Apr 2013 #86
Why cut from others who are not much better off to accomplish that? Where are your posts from the Bluenorthwest Apr 2013 #18
It's interesting that you would allow the poorest to suffer Life Long Dem Apr 2013 #22
"allowing"? Why are we getting a Sophie's Choice when it is NOT necessary? djean111 Apr 2013 #23
Now *THIS* is hiding behind the poor. Marr Apr 2013 #25
Amen. woo me with science Apr 2013 #28
Thanks. Life Long Dem Apr 2013 #35
Your straw man needs some work little "Republoprog" Dragonfli Apr 2013 #62
The poor now get food stamps, rent subsidies and other programs that JDPriestly Apr 2013 #90
Yep. It's a shell game. unrepentant progress Apr 2013 #101
You're assuming that those protections won't be negotiated out of the bill dflprincess Apr 2013 #30
Somebody else responded to your bull$hit on another thread brentspeak Apr 2013 #46
I agree with you completely. Further, all those calling for Obama's head are forgetting that we got Hoyt Apr 2013 #80
Do you think $1200-say $1700 is middle class? Or does it still qualify JDPriestly Apr 2013 #85
Will you centrist shills PLEASE quit pretending that Census "poverty" has something to do with REAL eridani Apr 2013 #103
Had not EVERY President for the last 40 years not fiddled with COLA calculations. Fuddnik Apr 2013 #29
And not a single one of them was dealing with the worst depression since the Great Depression eridani Apr 2013 #104
Keeping the 'powder' dry I see....n/t haikugal Apr 2013 #33
If it is not a "cut," why is Obama pushing for it? AnotherMcIntosh Apr 2013 #36
Nancy may find herself with a Democratic challenger--a real Democrat! emsimon33 Apr 2013 #64
Don't flatter yourself Life Long Dem Apr 2013 #66
Are you saying you are not a real Democrat and onlty faux Democrats voted in 2010? Dragonfli Apr 2013 #78
What I notice about the corporate "Democrats" dflprincess Apr 2013 #92
LOL emsimon33 Apr 2013 #118
She is rich. What does she care? JDPriestly Apr 2013 #84
"strengthening of Social Security" - will be interesting to see how many fall-in with that? usGovOwesUs3Trillion Apr 2013 #117
K&R. MotherPetrie Apr 2013 #9
K/R Great article. Autumn Apr 2013 #10
K & R Ganja Ninja Apr 2013 #11
K&R !!! n/t RKP5637 Apr 2013 #13
Absolutely! It's our money...not a Poker Chip! Recommend KoKo Apr 2013 #14
Wonderful post! Agree 100% byeya Apr 2013 #16
AMEN. K&R closeupready Apr 2013 #20
Agree: K&R Paper Roses Apr 2013 #21
Look at what he surrounds himself with. Fuddnik Apr 2013 #24
After this shit I am wondering what unpleasant surprises might come up with ACA. n/t L0oniX Apr 2013 #26
What is the problem? earthside Apr 2013 #31
Perhaps the only point of it is to peel off a couple of Republicans to vote for revenue increases. randome Apr 2013 #68
We are all speculating ... earthside Apr 2013 #71
I think that his father abandoning him dgibby Apr 2013 #81
That makes as much sense as anything else. earthside Apr 2013 #87
K&R!!!! haikugal Apr 2013 #32
Actually, we own EVERYTHING, ... as long as we fight for it, Festivito Apr 2013 #34
The whole reason I wrote this .... Triana Apr 2013 #37
We're fighting, fighting hard for this ONE CRUMB! Festivito Apr 2013 #45
We aren't the people that matter lark Apr 2013 #47
K&R - with !!!!! + 1000snds (n/t) bread_and_roses Apr 2013 #38
Wow think_critically Apr 2013 #39
"they need to blame themselves"... ljm2002 Apr 2013 #52
"There is no getting around it" AgingAmerican Apr 2013 #53
You obviously didn't read my post upthread about fixing official rates of inflation. Fuddnik Apr 2013 #54
The Chained CPI calculation *assumes* an ever lowering standard of living. Marr Apr 2013 #60
+1 treestar Apr 2013 #77
It belongs to us, it is not yours to bargain with The Blue Flower Apr 2013 #41
higher taxes think_critically Apr 2013 #43
False flag lark Apr 2013 #51
We already do, Have been since 1983, the tax increase was specifically implemented Dragonfli Apr 2013 #65
The ignorant young need to understand that FICA was DOUBLED in 1983 eridani Apr 2013 #105
Very Well Said supercats Apr 2013 #48
K and R Liberalynn Apr 2013 #49
Oh Hell yes! n/t 99Forever Apr 2013 #55
Well said, Triana. colorado_ufo Apr 2013 #56
Politicians both right and left for decades used to be mindful of not scaring old folks avaistheone1 Apr 2013 #57
'How dare he' is correct. This sense of entitlement these politicians have is truly upsetting. sabrina 1 Apr 2013 #58
Agree w/ all you said. And yes speaking of "entitlement"... Triana Apr 2013 #59
+100000 I complained a while back woo me with science Apr 2013 #73
"too many of these clowns seem to have forgotten that they work for us." Triana Apr 2013 #79
K&R emsimon33 Apr 2013 #63
It's a good thing that Obama was elected from Illinois and not Blagojevich. AnotherMcIntosh Apr 2013 #67
BINGO! kentuck Apr 2013 #69
Why? zentrum Apr 2013 #70
So do torture camps, for-profit health scams and criminal banks just1voice Apr 2013 #72
Why is it tha there is usually only one person who gives a damn? truedelphi Apr 2013 #74
Double Amen! What hutzpah! Its not "HIS" to compromise! Peregrine Took Apr 2013 #75
Correct. I sent him an email weeks ago that said "It's not yours to 'bargain' with" whathehell Apr 2013 #89
Yet another thread on this treestar Apr 2013 #76
I can't believe what I am reading here. Is there some contest going on to see who can be asjr Apr 2013 #82
Nice post. I'm starting to think that everyone with the capacity to reason Number23 Apr 2013 #88
Complacency.... Triana Apr 2013 #91
I rest my case. asjr Apr 2013 #94
Post removed Post removed Apr 2013 #95
Oh, aren't you the vicious rage insulter. Cha Apr 2013 #100
A lot of the same people were trashing him before this.. Cha Apr 2013 #99
Recommend jsr Apr 2013 #93
Amazing post. Thank you! smirkymonkey Apr 2013 #96
If the consequences weren't so bad, I would actually be enjoying the moment. Beacool Apr 2013 #97
The other candidate was a corporatist as well eridani Apr 2013 #106
Wrong Clinton. Beacool Apr 2013 #112
Goddamn right! Blue Owl Apr 2013 #98
K & R AzDar Apr 2013 #102
i think your expectations of democrats is unwarranted. tomp Apr 2013 #107
Wow! What a GREAT paragraph! This says it all... loudsue Apr 2013 #108
Yep. I cannot believe this is now on the table and being commingled with the deficit. myrna minx Apr 2013 #110
"It's now in the bloodstream with pundits gleefully calling for it's eventual inevitability." Triana Apr 2013 #111
The new spin on this very site is that even if it does pass, its not too bad. myrna minx Apr 2013 #114
Well written and backed up with data. fasttense Apr 2013 #113
k&r for the truth, however depressing it may be. n/t Laelth Apr 2013 #115
kick woo me with science Apr 2013 #116
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