Obama-GOP tax deal the beginning of the end of Social Security, Sen. Sanders says

[niceypoo]

President Obama's agreement to begin diverting some payroll taxes away from Social Security could spell the beginning of the end of America's social safety net, according to Sen. Bernie Sanders (I-VT).

http://www.rawstory.com/rs/2010/12/tax-deal-beginning-social-security-sen-sanders/

"I just spoke this afternoon to one of the leaders of one the largest the senior organizations in this country and she worries so much that when you start diverting $112,000 of payroll taxes away from Social Security, this could be the beginning," the senator said during a Monday broadcast of MSNBC's The Ed Show.

Republicans have long sought to dismantle the current Social Security program and replace it with a privatized alternative. One such alternative is a kind of forced-savings program tied to the stock markets, which was inspired by economic policies instituted in Chile by right-wing dictator Augusto Pinochet.

In August, President Obama said Republican's plans for privatizing Social Security were "an ill-conceived idea that would add trillions of dollars to our budget deficit while tying your benefits to the whims of Wall Street traders and the ups and downs of the stock market."

The president had insisted that if Republicans retook Congress in 2010, they would attempt to destroy Social Security

[BlueJac]

1. rec for the Obama lovers

[roguevalley]

7. wait until moody's dumps our credit rating in the toilet. explain how

that helps us, Obama.

[polichick]

2. Obama is with Republicans on this now - though a guest on Big Ed's show...

...a few minutes ago (congressman, whose name I didn't get) says there are some in the House who are trying to get the leadership to remove the payroll tax holiday from the bill.

[xchrom]

3. recommend -- i wish people would stop with the 'but the other side is just awful'.

we're dealing with our own versions of awful -- and it's tragic that that is a default position.

[doc03]

4. I agree when it comes time to take back the 2% the Rethugs are

going to be calling it a 30% payroll tax increase and the low information voters will swallow it hook line and sinker. As always there will a few Democrats that will go right along with the Rethugs and oppose increasing it.

[sasha031]

5. this payroll tax holiday is a dream come true for the repub's

they have been advocating this for too many years to remember.

[Democrats_win]

6. Would be nice if it would end our wars. Wars only help big business.