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Eliminating Social Security, Medicare, Medicaid, and Public Pensions
Political Washington hard-liners want them ended to transfer maximum public and private wealth to the recipients explained above.
Claims about Social Security and Medicare going broke are duplicitous. In fact, both programs are sound when responsibly administered. Nonetheless, they're on the chopping block for elimination, beginning with benefit cuts, then privatizations to let corporate crooks profit at the expense of beneficiaries.
Obama tasked two deficit hawks for the job. They head his National Commission on Fiscal Responsibility and Reform (NCFRF) - former Senator Alan Simpson and Erskine Bowles, former Clinton White House Chief of Staff. They're part of an 18-member team of like-minded members.
They recommended sharp tax reductions for business and super-rich elites. They also want deep Medicare cuts, co-pay increases, Social Security's retirement age raised, and lower cost-of-living increases among other draconian proposals harming ordinary people enormously.
They're coming and much more under bipartisan agreement to slash trillions of dollars from domestic spending over the next decade.
By law, automatic $1.2 trillion in cuts over 10 years will start in 2013. They're to be equally divided between defense and domestic programs.
In fact, expect sustained military spending at the expense of gutting America's social contract. Either way, lost purchasing power means less spending, fewer jobs, and greater public anger than today's high levels.
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