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02:52 PM
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Subject
Obama's new social security cuts: removes essentially 3 months pay out of a year.
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[quote:DJDOG:MV8yMDkyNDYxXzM1MjMzMTAzX0FCMjJBRTBB] [quote:Anonymous Coward 27352798:MV8yMDkyNDYxXzM1MjI1OTEyX0QzMjY4ODA5] [quote:Anonymous Coward 24545480:MV8yMDkyNDYxXzM1MjI1NDExXzQyRjc0QUUw] We need to end social security right NOW. These people need to work. If they cannot work then their family needs o support them. It is as simply as that. No more handouts. No more free ride. [/quote] You are an idiot if you truly believe this. Those senior citizens on social security have paid in to the system for their entire adult lives. This is NOT a handout and it is not a free ride. It is THEIR invested money being returned to them. Food stamps are a handout. Section 8 housing is a handout. Medicaid is a handout. SOCIAL SECURITY IS NOT A HANDOUT. Neither is unemployment insurance payments. May you work at Walmart until you die. [/quote] :clappa: [/quote]
Original Message
According to the AARP, "A typical 80-year-old woman will lose the equivalent of three months worth of food annually" under this plan.
This is a bad deal for current retirees. And it'll hit future retirees even harder, because the proposal cuts Social Security more and more with each passing year. After 10 years, benefits would be cut by about $500 a year for the average retiree. After 20 years, benefits would be cut by about $1,000 a year. And beyond that, it just gets worse.
[
link to www.aarp.org
]
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