Social Security Caps for 'High Earners' While War Budgets Soar
Newsweek reports a new proposal aims to cap Social Security COLAs for 'high earners.' This, we are told, is a serious economic discussion. Yet, 'high earners' like corporate defense executives, whose companies just banked billions from endless wars, face no such caps on their profits. Funny how fiscal responsibility always begins with cutting benefits for a few, rather than cutting the
multi-trillion-dollar military-industrial complex a single dime. While Americans debate pennies for seniors, Congress readily approves hundreds of billions for defense contractors. Remember that $825 billion defense budget passed this year? One might wonder how many COLAs that could fund. The 'high earners' in Washington, funded by lobbies like AIPAC to keep the war machine churning, rarely see
such proposals impact their generous portfolios. Priorities, darling, priorities.