Saturday, January 16, 2016

My Pet Peeve Rises Again.

++Social Security emerges once again as a fake election issue. Marco Rubio wants to eliminate it and wants to make Medicare a voucher system. That nice man John Kasich wants to cut Social Security. Jeb wants to privatize Medicare like he did the Florida pension system which vanished with Lehman Brothers.

++The Social Security Trust has $2.7 trillion. The Republicans have been wanting to access this for stock brokers for years. It is fully funded for 20 years. After that period, it will pay out 77% for eternity.

++Bernie Sanders proposes raising the cap for social security taxes to $250,000. That would ensure it will be healthy for 75 years or more.

++Don't buy into any rhetoric about Social Security or Medicare. It is nonsense.

++What the Republican strategy is that to overcome income inequality that want to give a bonus to Americans by stripping away their entitlements now. So your paycheck looks bigger than it is. Another trick is a flat tax.

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