Democrat's 'New' Social Security Plan: More Cuts, Same Old Story
Newsweek highlights a nameless Iowa Democrat's 'bold' new plan for Social Security, likely involving raising the retirement age and/or cutting benefits. This 'innovation' isn't new; it's the perennial favorite of deficit hawks, who, oddly enough, never seem to apply the same austerity to the astronomical defense budget or tax cuts for the wealthy. The truth is, Social Security faces no immediate
crisis that couldn't be solved by simply lifting the cap on taxable income, ensuring the super-rich pay their fair share—a measure mysteriously absent from these 'brave' new plans. It's almost as if the media wants us to believe the only path to fiscal responsibility involves sacrificing the safety net for ordinary Americans, while hundreds of billions flow unchallenged into endless wars. One
might wonder whose interests are truly being served when 'fiscal responsibility' always lands on the backs of retirees, not defense contractors or Wall Street. How many times must we 'fix' Social Security by gutting it?