Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Wednesday, June 22, 2011

The Attack on Social Security Is About to Intensify

The Obama-Republican-Corporate Solutions

Republicans, Obama and Corporate interests are proposing to ‘solve’ the Social Security retirement/disability benefits and Medicare benefits problems with the following measures:

1. Raise the retirement age to 70, which would cover 28% of the projected shortfall

2. Eliminate the annual cost of living benefit increases for retirement benefits, which would cover another 23% of shortfall.


3. Make new state and local government workers go into the social security system instead of receiving negotiated state-local pension plans, saving another 7%

4. Reduce benefits for middle income retirees and significantly for higher income retirees, raising another 39%.


http://talkingunion.wordpress.com/2011/06/22/the-attack-on-social-security-is-about-to-intensify/