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/