Article Image
News Link • Social Security

Social Security and the Obama Cave-In

• Common Dreams
 Once again, President Obama seems to be on the verge of folding a winning hand.
Widely leaked reports indicate that the president and House Speaker John Boehner are making a fiscal deal that includes hiking tax rates back to the pre-Bush levels with a threshold of $400,000 rather than the original $250,000, and cutting present Social Security benefits.

Obama, the reports say, will now settle for as little as $1.2 trillion in tax increases on the rich rather than the $1.6 trillion that he had originally sought. The difference, in effect, will come out of the pockets of workers, retirees, the young, and the poor.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: