Bernie Sanders tells it like it is on the debt ceiling negotiations: Social Security has not contributed one penny to the deficit. It is funded through the payroll tax. It has a surplus right now. What Obama is offering the Republicans is the wet dream they’ve had for 75 years.
Obama is not your friend, Democrats. Just wait until the under 59 year olds come back from vacation to find that you’ve allowed this president to cut their social security benefits and now, they have to save even more for retirement. If you don’t work for a paycheck, you have no idea how hard it is to fund absolutely everything these days. Retirement plans that were started 20 years ago can not be radically adjusted in the middle of the game to take into account a substantial loss of income and the delay of medical insurance by an additional two years.
Just wait. Wait til they come back and have the meeting with the 401K representative, some cocky asshole who will tell them that they’re going to get even less in social security than they thought. My representative said, social security isn’t going to be there for you (this was last year. How did he know that??) and then he tried to push us into 401K packages where he said there was no guarantee of a safe return on investment. Isn’t that comforting? You give these guys (and they are almost always guys) your money and they act like they are chips at some casino and if you win, they win, but if you lose, YOU lose.
So, don’t go there, Democrats. Hold out. Don’t take the fall for this one.
Or go with it and primary Obama. He is taking your party down with him.