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Obama's Crop Corps

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Please disseminate widely, thank you! This does not give permission to alter or claim credit for this re-mixed work, for which I retain all copyrights. The original illustration is in the public domain.

If you disagree with the views expressed here, please be sure to read my Policy Statement BEFORE you post: [link]

President Obama has, in my view, disgraced himself by breaking his promise not to propose cuts to Social Security, thus becoming the first Democratic president ever to do so. The so-called "chained CPI" is bad economics and will hurt seniors over the long run. Worse, it sets the precedent that Social Security, which provides 40% of income for seniors, is now on the table for further reductions. This is not acceptable. To the contrary, Social Security should be expanded. Since everyone who works, rich or poor, is eligible to receive the Social Security benefits they paid for when they reach retirement age, it makes more sense to raise the income limit on which Social Security taxes are collected from workers. Right now, neither you nor your employer pays any of the 12.4% Social Security tax on income above $113,700. If that limit were removed, much more revenue would be generated -- by taxing the top 20% -- than could ever be saved by changing the way in which the Social Security cost-of-living adjustment is calculated, as the President mistakenly now proposes to do.

Stand up for the people who elected you, Mr. President!
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jollymusician's avatar
"The so-called "chained CPI" is bad economics and will hurt seniors over the long run. Worse, it sets the precedent that Social Security, which provides 40% of income for seniors, is now on the table for further reductions"

en.wikipedia.org/wiki/Flemming…