Plan to Cut Social Security

It's not like we didn't know this was coming. The newest proposal in the deficit plan will include cuts in social security, as well as raising the retirement age.

I am hoping that some people begin to realize why so many of us wanted social security to be privatized. This government crap always ends up being a monstrous failure. By the time I get to retire, there will be nothing left and, I have to say, it burns me how much I've already paid into the system. I will most likely never see a dime of that money again.

A cut in Medicare is also included. Now, how are they cutting Medicare when we passed this huge health care bill? How are we going to afford all of that?

The members of President Barack Obama's deficit commission will begin to go on the record Wednesday as they debate politically explosive budget cuts, including proposals to lower Social Security benefits, in a revised plan to wrestle the national debt under control.


The new plan by panel co-chairmen Erskine Bowles and Alan Simpson, to be unveiled Wednesday, faces an uphill slog because of proposals to raise the Social Security retirement age and lower cost-of-living increases, cut Medicare costs, curtail a huge assortment of tax breaks, like the deduction for mortgage interest, and almost double the federal tax on a gallon of gasoline.

Though the plan appears unlikely to win enough bipartisan support from the panel to be approved for a vote in Congress this year or next, Bowles has already declared victory, saying he and Simpson have at least succeeded in initiating an "adult conversation" in the country about the pain it will take to cut the deficit.

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