MainLine Peace Action/DelMont PDA

May 28, 2010

Wall Street Wants To “Fix” Social Security

Filed under: Uncategorized — Tags: , , — Walter Ebmeyer @ 5:34 am

Those wonderful people who brought you credit default swaps, Lehman Brothers, and Bernie Madoff want to get their hands on Social Security.  Why?  They claim it is contributing to the deficit.  Wrong.  SS will be solvent just as it is until the 2040’s.  And if it needs more money?  You know the $106,000 annual income cap on SS taxes?  Why not do away with that?    Let wealthier Americans pay the same SS tax rate on all their income as the majority of us.  No problem.

http://beavercountyblue.org/2010/05/27/blue-dog-democrats-and-republicans-are-out-to-kill-social-security-and-medicare/