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Old 08-31-2011, 03:50 PM   #1
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Default Sen. Sanders' Plan To Actually Fix Social Security
DES SAID - Leave it to Sen. Sanders to point out an easy and common sense solution to a problem. Of course, on cue, the Republicans will scream.

Do you mean this - http://www.seeingtheforest.com/archi...anders_pla.htm

Sen. Sanders' Solution

Senator Bernie Sanders is introducing a bill to the Senate to fix this, once and for all. In simple terms, this bill will start taxing income above $250,000 a year to cover this Social Security shortfall. So instead of just "raising the cap" it lets that cap stay, and then takes it off again on income above $250,000. In effect it means there will be a gap between the current top income that is taxed, and $250K.

Get the money from where the money went: So because much of the real Social Security problem is that so much income is now going to just a few at the top, this gets the money to fix the problem from those top-level incomes.

Here is Sanders, talking about his bill:

“When [Social Security] was developed, 50 percent of seniors lived in poverty. Today, poverty among seniors is too high, but that number is ten percent. Social Security has done exactly what it was designed to do!”
Let the screaming begin, 3, 2, 1...
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