Sunday, February 21, 2010

GOP Sneaking Up On SS, Again

Republican Attacks on Medicare and Social Security - Medicare and More: "...Sensing new opportunities because of the deficits they helped create and the strain the recession has put on Social Security and Medicare, the Republicans and Democratic deficit hawks have set their sights on both programs as if all “entitlements” contribute to the deficit. Social Security, for example, is self-sustaining and only its administrative costs (one percent) contributes to the deficit.

Nevertheless, the “Roadmap for America’s Future” (a more appealing name than the legalistic “Contract With America,“) would end future Social Security protection for all persons under 55 and substitute a “Personal Social Security Savings Program” – that is, investment accounts like that provided by the government (federal employees now also get Social Security)..."

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