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In reply to the discussion: Heads-Up !!! - 'Why Democrats Might Cave On Social Security Cuts' - HuffPo [View all]sabrina 1
(62,325 posts)generation that contributed the MOST to SS. They not only took care of their OWN retirement, they took care of their parents' retirement also.
They contributed to the largest surplus ever in the SS Fund which is at the moment over two Trillion Dollars, more than enough to cover 100% of SS obligations for the next 50 years combined with the contributions that are currently being paid in to the Fund.
Even in these bad economic times, SS has shown a SURPLUS despite the unemployment rates due to the fact that they have other sources of income. The Interest on the Borrowed Trillions now backed by bonds eg.
It's bad enough when Republicans lie about SS, but it really is sad to see a Democrat doing it. What IS his purpose??
They want to cut benefits so that they don't have to pay back what they borrowed. They KNOW the surplus will cover SS obligations for a long time, but that would mean having to pay it back. It would mean having to stop spending on Wars and Weapons and Wall St. Bailouts when they screw up again, and on Tax Cuts for the Wealthy.
No Democrat should enable this reprehesnible behavior. Shame on him for helping the continued Right Wing attacks on and lies about SS.
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