A repository for Marcospinelli's comments and essays published at other websites.

Obama: Social Security Checks Threatened If Debt Ceiling Deal Isn't Reached

Tuesday, July 12, 2011


The only way that Social Security checks would be threatened is if Obama intends to steal from the Social Security fund.

Social Security is not part of the deficit.  It's got nothing to do with it.  Obama admitted he has included it because if Congress is to make unpopular votes, why not cut Social Security now and get Congress's villainy all done in one fell swoop.

(a) Findings -- Congress makes the following findings:
(1) Over 34 million retired workers currently receive Social Security benefits -- averaging a modest $14,100 a year. 
(2) In 2008, 23% of retirees receiving Social Security depended on it for all or almost all of their income. 
(3) According to the AARP, Social Security kept 36% of seniors out of poverty in 2008. 
(4) Reducing Social Security benefits would cause many seniors to have to choose between food and drugs and rent and heat. 
(5) Ninety-fiv­e percent of seniors -- almost 37 million in 2008 -- get their health coverage through Medicare. 
(6) Without Medicare, seniors -- many of whom live off of Social Security -- would have to turn to the costly and uncertain private market for health insurance. 
(7) Social Security and Medicare are extremely successful social insurance programs that permit America’s seniors to retire with dignity and security after a lifetime of hard work, and relieve young American families of worry about their own futures, allowing freedom of opportunit­y in America.
Read the Article at HuffingtonPost

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