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Wednesday, November 02, 2011
Debt- Reduction Committee’s Automatic Cuts Could Fall Heavily On Younger Generation
Countless battles are being waged behind the closed doors of the Congressional deficit-reduction super committee, which has less than a month to strike an agreement on reducing federal spending by at least $1.5 trillion over the next decade.
End future ss RETIREMENT benefits for all citizens 40 yrs. or younger. Drastically cut back benefits for 41-53 yr. olds. SS should only be there as a safety net, not a retirement plan. Stop awarding net tax returns to those who get back more than what they actually put into the system in income tax. Roll that money into the programs (ex: medicade) that these same people use most often. And yes, raise taxes on the richest americans back to Clinton era levels (only 3-4 percentage points higher) while cutting capital gains/investment taxes. Think any politician has the stomach/balls to do this?
2 comments:
End future ss RETIREMENT benefits for all citizens 40 yrs. or younger. Drastically cut back benefits for 41-53 yr. olds. SS should only be there as a safety net, not a retirement plan. Stop awarding net tax returns to those who get back more than what they actually put into the system in income tax. Roll that money into the programs (ex: medicade) that these same people use most often. And yes, raise taxes on the richest americans back to Clinton era levels (only 3-4 percentage points higher) while cutting capital gains/investment taxes. Think any politician has the stomach/balls to do this?
1.5 trillion over 10 years IS NOT ENOUGH.
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