Tuesday, June 21, 2011
Having been slapped around for Lyin' Ryan's Kill Medicare budget
The Republicans, like the Chinese on the Yalu just keep on coming. This time despite the published polls indicating strong public support for Social Security, the Republican/Teabaggers are pushing plans to kill Social Security and steal all the funds paid in to date.
Add Sen. Kay Bailey Hutchison (R-TX) to the list of Republican lawmakers unsatisfied with the party's reluctance to back Social Security cuts.In Kay Wrinkle Hutchinson's case, it is please froggy just get in the water. Other want to re-direct your contributions to the benefit of Wall St. banksters as soon as possible. Either way, what you paid as you worked, they want to steal.
The longtime Senator, who will retire at the end of her term in 2012, called on both parties to include the program in debt ceiling talks on Tuesday in a speech at the Heritage Foundation. She's releasing her own legislation to spur talks, a bill that would raise the retirement age gradually to 69 and reduce benefits by trillions over the next several decades by pegging the annual cost-of-living- adjustment (COLA) to one percent below inflation every year.
"We could have waited and let things settle after the debt increase vote," she said. "I'm introducing my legislation because I don't think we can wait and I do think it should be part of the overall debate on raising the debt limit."
Hutchison told the audience that the move was necessary, because without changes to the system, recipients would receive a 23% cut to their core benefits in 2036. But an audience member noted to Hutchison that a 1% cut in benefit increases over a similar period of time could produce comparable decreases. Hutchison responded that a key part of her plan was gradually introducing seniors to lower benefits.
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