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View Diary: If you think sequester will be bad, wait until they gut Social Security (195 comments)

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  •  Four years (4+ / 0-)

    from now, you think the disabled and elderly can wait that long.  With the history of our government especially the way it works now and for last fifteen years, nothing will be fixed, but more will be taken away.  

    "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

    by zaka1 on Fri Mar 01, 2013 at 11:32:54 AM PST

    [ Parent ]

    •  this is about inflation adjustment (0+ / 0-)

      the effects of the switching to chained CPI wont really start to hit until the 5-10 year range.  

      I know every dollar counts.  I understand that.  I respect that.

      My point isn't that chained CPI is a great idea or even a good idea.  I recognize that it's a lousy option.  But I also believe that until and unless we get real economic growth, the options are ALL lousy.

      •  another point along these lines (0+ / 0-)

        if chained CPI comes along with a bump in payments to SS people that starts today, if it comes along with other adjustments that ensure that poorer recipients get more, is it really the Armageddon event you all are making it out to be?

        until we have a deal, until we have the outlines of a deal, there's no way to evaluate it.

        •  What other adjustments did you have in mind? (4+ / 0-)
          Recommended by:
          PhilJD, RFK Lives, Panama Pete, zaka1

          I hope not the laughable "Special Minimum Benefit," that Bowles-Simpson include in their proposal, The Moment Of Truth.

          Please folks, take a hour or so, and read this proposal.  It is the "framework" for all that is happening, right now.

          You know, the special benefit that CBO itself admits will only apply to a small percentage of low income folks, because of the LONG WORK HISTORY REQUIREMENT, which the poorest among us, rarely have.

          'Nice try, but no cigar.' :-)

          Mollie

          "If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson

          hiddennplainsight

          by musiccitymollie on Fri Mar 01, 2013 at 12:21:07 PM PST

          [ Parent ]

          •  Oh, and let me add--low income meaning "SSI" level (3+ / 0-)

            of poverty.  REAL low income.

            And the 'Special Minimum Benefit' is clearly written so that most of these folks won't qualify due to the required years of work (or vesting period).

            It was clearly written in as a "talking point," so that Bowles-Simpson could better "peddle" their very draconian cuts.

            See Rep (IL) Jan Schakowsky's Reuters Op-Ed.  Here's an excerpt below, and a link to piece entitled "The Sham Of Simpson-Bowles."

            [snip]

            Have Simpson-Bowles’ champions read it?

            Given any real scrutiny, this plan falls far short of being a serious, workable or reasonable proposal – from either an economic or political analysis. . . .

            Somehow, being willing to cut “entitlement” benefits has been called a “badge of courage” for those who purport to be serious about deficit reduction– despite the fact that Social Security has not contributed one thin dime to the deficit.

            Under Simpson-Bowles, long-term solvency for Social Security is achieved mostly by cutting benefits.

            Seventy-five years out, the ratio of spending cuts to revenue increases is 4 to 1.
            They propose raising the age of full Social Security benefits to 69 – claiming that everyone is living longer.

            But a sizable percentage of Americans, mostly lower-income workers, especially women, are actually living shorter lives, and a large chunk of other Americans just can’t work that long – even if they can find a job.

            Their plan cuts benefits for current and future retirees by reducing the cost-of-living adjustment.
            For future retirees, all these changes taken together would reduce the average annual benefit for middle-income workers – those with annual earnings of $43,000 to $69,000 – by up to 35 percent. . . .
            [snip]

            If this isn't worth fighting for, I don't know what is. ;-)

            Mollie

            "If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson

            hiddennplainsight

            by musiccitymollie on Fri Mar 01, 2013 at 01:23:07 PM PST

            [ Parent ]

      •  What your not realizing (2+ / 0-)
        Recommended by:
        musiccitymollie, Panama Pete

        is that those of us who are disabled will feel the CPI sooner than most because we will have been on Social Security and Medicare for an extended period than most people.  

        And most of us are already compensating because Social Security is not like working, in my case it less than half of what I was earning while working, so I've already cut to the bone.  As of now, I'm turning off my heat (it is 20 degrees outside) and living indoors with temps between 60 and 63 degrees.  I am the living dead, just waiting to die, but struggling every day until I do.

        "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

        by zaka1 on Fri Mar 01, 2013 at 01:28:35 PM PST

        [ Parent ]

      •  And if we keep interest rates (1+ / 0-)
        Recommended by:
        Panama Pete

        at zero then inflation doesn't happen with the way things are calculated now.  However all the other things not included in the calculation of inflation such as food, gas, ulitilies, healthcare costs, etc., etc., are rising faster than a speeding train.  The chained CPI will hurt even more because the CPI as it is now does not reflect the true cost of living.  The chained CPI will actually be more of a reduction because it will be based on replacements for actual goods and the truth is everyone I know is already using cheaper goods as replacements now.  There is no replacing room, just doing without is the next step.  

        We are already falling behind on the rising costs that are not considered as part of the true measurement of inflation.  

        "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

        by zaka1 on Fri Mar 01, 2013 at 01:40:52 PM PST

        [ Parent ]

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