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Obama seeks deal, proposes cuts to Social Security
Associated Press ^ | Apr. 5, 2013 5:40 PM EDT | Jim Kuhnhenn and Andrew Taylor

Posted on 04/06/2013 1:10:26 AM PDT by Olog-hai

Seeking an elusive middle ground, President Barack Obama is proposing a 2014 budget that embraces tax increases abhorred by Republicans as well as reductions, loathed by liberals, in the growth of Social Security and other benefit programs.

The plan, if ever enacted, could touch almost all Americans. The rich would see tax increases, the poor and the elderly would get smaller annual increases in their benefits, and middle income taxpayers would slip into higher tax brackets despite Obama’s repeated vows not to add to the tax burden of the middle class. His proposed changes, once phased in, would mean a cut in Social Security benefits of nearly $1,000 a year for an average 85-year-old, smaller cuts for younger retirees. …

Obama’s proposal, however, includes calls for increased spending. It proposes $50 billion for public works projects. It also would make preschool available to more children by increasing the tax on tobacco. …

(Excerpt) Read more at bigstory.ap.org ...


TOPICS: Crime/Corruption; Government; News/Current Events; US: District of Columbia
KEYWORDS: 2014budget; obama; socialsecurity; taxtherich

1 posted on 04/06/2013 1:10:27 AM PDT by Olog-hai
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To: Olog-hai

Oh, dear - were you planning to use all that money saved up by the governent for your retirement?

Sorry, I gave it to the Syrians and the Egyptians; they’re my friends and they’re more important than you are.


2 posted on 04/06/2013 1:49:27 AM PDT by Jack Hammer (American)
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To: Jack Hammer

Wow. They actually reported the fact Obama’s budget version still calls for increased spending.

The authors may get sent to the Gulag for this...


3 posted on 04/06/2013 2:03:06 AM PDT by CommieCutter
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To: Olog-hai

Obama’s “War on the Elderly.” He hates retired people! He wants to kill your grandma and grandpa!! He wants to push them off the fiscal cliff!!!


4 posted on 04/06/2013 2:25:25 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Right Wing Assault

>>Obama’s “War on the Elderly.” He hates retired people! He wants to kill your grandma and grandpa!! He wants to push them off the fiscal cliff!!!<<

The Whigs will start using this......


5 posted on 04/06/2013 2:48:12 AM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
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To: Olog-hai

Of course he wants to cut Social Security. Its a way to pay for Disability.


6 posted on 04/06/2013 2:51:48 AM PDT by rbg81
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To: Olog-hai

Such a deal! I’ll cut benefits to people who’ve had
their pay deducted all their lives and YOU raise taxes
TOO!

Middle ground my ass! It seems every thing he does
is determined to hurt the American people one way
or another.

Is there any doubt this dork is brainless?

I only say that because to accept the reverse
would mean it’s all done by an evil cunning,
and that my friends means scares the crap out
of this oldster.


7 posted on 04/06/2013 2:54:05 AM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Right Wing Assault

Obama’s “War on the Elderly.” He hates retired people! He wants to kill your grandma and grandpa!! He wants to push them off the fiscal cliff!!!

He wants them to eat dog food.


8 posted on 04/06/2013 2:55:21 AM PDT by bikerman ("A gun is like a parachute. If you need one and don't have it you wont need one again.)
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To: Olog-hai

Directive 10-289 coming soon to nation near you!


9 posted on 04/06/2013 2:57:59 AM PDT by BCW (Going John Galt -- see everyone that is smart on the other side...)
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To: tet68

Tell him he can raise taxes a little, if he gets rid of Obamacare


10 posted on 04/06/2013 3:18:51 AM PDT by RightLady
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To: Olog-hai

They and he are inching toward a national retirement account where they will dictate what they think you should have and they can give out the rest to the less fortunate. Its all about economic fairness dont ya know. They hate retiree’s and thier unfair retirement packages just waiting to be looted buy these criminals


11 posted on 04/06/2013 3:53:19 AM PDT by ronnie raygun
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To: ronnie raygun
...national retirement account where they will dictate what they think you should have...

In the name of equality, I'll take the same retirement plan obama and Congress have.

12 posted on 04/06/2013 4:09:51 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Olog-hai

Sure, hurt the retired people.....never go after the lazy bastards that refuse to work or keep having babies and gaming the system. I guess that would hurt his homies too much and the white trash. I have to get my morning coffee now.


13 posted on 04/06/2013 4:15:18 AM PDT by New Jersey Realist (America: home of the free because of the brave)
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To: Olog-hai

The elderly who worked all their lives and saved a few pennies to retire on have had their savings decimated by an interest rate of 0.10% now they want to cut their Social security and put them on Obamacare and ration their health care.

Everyone over 70 should take up arms and march on Washington.At least we could put off a lingering death by Obama’s incompetence.


14 posted on 04/06/2013 4:32:48 AM PDT by Venturer
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To: Venturer

Never happen. AARP told them he is great. End of discussion.


15 posted on 04/06/2013 4:45:47 AM PDT by autumnraine (America how long will you be so deaf and dumb to thoe tumbril wheels carrying you to the guillotine?)
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To: Venturer
Everyone over 70 should take up arms and march on Washington.At least we could put off a lingering death by Obama’s incompetence.

The government is not worried. With Obamacare, everyone over 70 will have their healthcare cut off. No healthcare, no seniors, no problem. The government's "final solution" for its own people is to work them to death; taking every dime they can beat out of them while they are alive.

16 posted on 04/06/2013 4:46:00 AM PDT by Flick Lives (We're going to be just like the old Soviet Union, but with free cell phones!)
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To: tet68
Well, somebody is going to have to take fewer benefits from Social Security and Medicare.

The only question is whether: some people take slightly fewer benefits in a graduated way, or a decade or two later, everyone takes 100% fewer benefits all at once.

17 posted on 04/06/2013 4:59:01 AM PDT by Notary Sojac ('Institutions will try to preserve the problems to which they are a solution.' - Clay Shirky)
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To: Jack Hammer
"The inflation adjustment would reduce federal spending on government programs over 10 years by about $130 billion, according to White House estimates. Because it also affects how tax brackets are adjusted, it would also generate about $100 billion in higher taxes and hit even middle income taxpayers."

So the only "cut" Obambi is proposing is 130-100 billion = 30 billion over 10 years from the so-called chained CPI. This is less than 3 billion per year due to compounding. This is much less than one tenth of one percent of the budget. This is not even distinguishable in a budget overview. For this, he wants an additional 300 billion in tax increases. This isn't a compromise, it's simply more propaganda, diligently fed to the public by a compliant media.

18 posted on 04/06/2013 5:09:16 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: norwaypinesavage

I can see Bohner going for this as he TOO IS INSANE!


19 posted on 04/06/2013 5:15:12 AM PDT by DaveA37
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To: Olog-hai

Barky can go suck an egg.


20 posted on 04/06/2013 5:21:42 AM PDT by Eric in the Ozarks (NRA Life Member)
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To: Olog-hai

No.


21 posted on 04/06/2013 5:25:04 AM PDT by savedbygrace (But God.)
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To: Jack Hammer

No, this is our money that we entrusted to the government as a retirement benefit.


22 posted on 04/06/2013 5:27:53 AM PDT by Toespi
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To: Olog-hai

Here’s what I don’t understand about the “cap” on the IRAs of the wealthy.

When you contribute to an IRA, you get a deferred tax break for contributing (but that’s capped somewhere in the $2k range, I believe, that an individual can write off on their taxes.) Also I thought there was a limit you could contribute every year, and if so, how did these folks get all that money in their IRAs, (investment income?)

So the extra revenue he’s planning on getting comes from what? Making those above the “limit” immediately bring down their IRA to the limit allowance, thus making the money withdrawn taxable? And if that’s so, are they going to charge a 10% fee for early withdrawal, like they do for most retirement funds when you withdraw them before you’re of retirement age, if they’re forcing you to withdraw it.

Somebody explain to me where the revenue comes from, I’m just not clear on this.


23 posted on 04/06/2013 5:32:09 AM PDT by memyselfandi59
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To: Olog-hai
My strategy:

• Demonize him for "attacking the elderly."
• Offer instead the elimination of entire cabinet departments, like Ed and Energy.
• When pressed on SS, offer younger people the opportunity to manage their own SS accounts.

But first of all, demonize him. He deserves it. It will weaken the faith of the drones. And the DP can be tagged as being "opposed to SS."

24 posted on 04/06/2013 5:40:58 AM PDT by St_Thomas_Aquinas
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To: Flick Lives
The government's "final solution" for its own productive people is to work them to death; taking every dime they can beat out of them while they are alive.

He's not demanding anything from "his own" people.

25 posted on 04/06/2013 5:50:32 AM PDT by Aevery_Freeman (Demarica: Land of the need, home of the slave!)
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To: Aevery_Freeman

He’s not even demanding they do fewer crimes.


26 posted on 04/06/2013 5:56:27 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.....)
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To: Olog-hai

Ain’t this sock-puppet a prince?


27 posted on 04/06/2013 6:58:58 AM PDT by laweeks
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To: memyselfandi59

This is how the IRA cap would work, from what I read:

you save the maximum in your 401k, invest wisely over your 35-40 year career. It ends up with more than $3M. You roll it over to an IRA so you can have direct control of the money and how it is invested. Presto, with this law change, you must immediately withdraw all monies in excess of the cap, and pay the highest possible marginal tax rate.

Next year, the cap stays at $3M. The stock market is up 20%, you must immediately withdraw all your earnings and pay the highest possible marginal income tax rate.

Punish all producers who have the gall to attempt to earn more than the $200k/yr that the government thinks is enough for you.


28 posted on 04/06/2013 8:06:17 AM PDT by rigelkentaurus
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To: Toespi
No, this is our money that we entrusted to the government as a retirement benefit.

No, I "entrusted" my money to my IRA and even my bank. I have some personal recourse and control. I can even take them to court if I am cheated.

On the contrary, our Social Security money was not "entrusted". It was taxed from you at the point of a gun and then squandered by the same crooks to buy votes. Naturally, the crooks gave you all sorts of promises to keep you quiet, which they broke when it suited their purposes. You have no recourse and no control over this money. You can't take them to court to get it. You are at their total mercy. It is gone. Al Gore's Lock Box has long been emptied.

In other words, we were suckered and then screwed. It was done with the sure knowledge of said crooks and they spent it on themselves and for their friends - the moochers and looters.

Now these same crooks want us to "trust" them they won't take our guns next. Fat chance.

29 posted on 04/06/2013 8:56:52 AM PDT by Gritty (Our masters in Washington are afraid of a populace which cannot be subdued by tyrants-Jeff Cooper)
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To: Olog-hai

Social Security was frozen for 3 years under Obama.....But certainly not the prices of everyday things, like gasoline & electricity and food.

We finally got an increase——

Mine was a whole $18 a month. My auto insurance & my land line only phone bill has already eaten up $14 of that $18.

I am working on a very special place to celebrate with the remaining $4.


30 posted on 04/06/2013 9:14:57 AM PDT by ridesthemiles
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To: rbg81

Hear, hear, If there was no disability, SS would be in great shape and those trust funds in the lockbox would keep those checks coming until 2045.

Disability is the devil


31 posted on 04/06/2013 9:26:49 AM PDT by winodog
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To: ronnie raygun

That’s right and if you own your home your SS check will reflect that. Don’t like it? Rent out some rooms to Holders people. By the way if you don’t rent out a room to us we will cut your medicare


32 posted on 04/06/2013 9:29:25 AM PDT by winodog
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To: Olog-hai

Every time Obama’s name comes up the word deal is always included.


33 posted on 04/06/2013 9:46:51 AM PDT by Vaduz
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To: Right Wing Assault

[[“War on the Elderly.” He hates retired people! He wants to kill your grandma and grandpa!! He wants to push them off the fiscal cliff!!!]]

I expect we’ll be seeing the republicans taking out ads about htis soon- holding my breath... running out of air... passed out.....

Yep- Republicans- the party that allows the left to walk all over them and us-


34 posted on 04/06/2013 9:54:48 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: rbg81

[[Its a way to pay for Disability.]]

He’s cuttign dissability too-


35 posted on 04/06/2013 9:55:15 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: tet68

[[Is there any doubt this dork is brainless?]]

He’s not brainless- He simpyl hates White America


36 posted on 04/06/2013 9:56:02 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: CottShop

I think both parties are fearful of the coming shortfalls in SocSec and Medicare and realize the Death Panels are the best way to improve the financials of both.


37 posted on 04/06/2013 9:56:32 AM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: bikerman

Years ago politicians didn’t dare touch or mess with SS- now because htere is a black man in office, the press doesn’t dare call him to the carpet for hatign on old people- he and his ilk will get cushy cost of livign increases EVERY SINGLE YEAR to the tuines of tens of thousands of dollars, but he’ll deny old folks a 20-30 dollar a month icnreaswe to keep help stave off rapidly rising costs? And Amerca voted twice for such an antiamerican?


38 posted on 04/06/2013 9:59:26 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: ridesthemiles

[[Social Security was frozen for 3 years under Obama.....But certainly not the prices of everyday things, like gasoline & electricity and food.]]

SS was frozen BUT politicians made damn sure they got THEIR Cost of Living icnreases to the tune of tens of thousands of dolalrs yearly bonuses


39 posted on 04/06/2013 10:02:52 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: norwaypinesavage

[[So the only “cut” Obambi is proposing is 130-100 billion = 30 billion over 10 years from the so-called chained CPI. ]]

Yes- but hte press is LYING claimign that the plan will save 4.3 trillion dollars over 10 years (While old people and dissabled people succumb to lack of nutrition, freeze to death or die because they can’t get theirm deicines anyl onger)


40 posted on 04/06/2013 10:06:45 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: RightLady

[[Tell him he can raise taxes a little, if he gets rid of Obamacare]]

Better yet- thell him and them they can raise taxes a little IF they agree to live off of what the elderly and dissabled have to live off of for 10 years- if they still feel like they shoudl raise taxes at the end of ten years, have a clause i ntheir that they MUST agree to live like that for hte rest of their lives (In order to ‘sahre the burden’ liek htey keep demandign that everyoen but themselves do)


41 posted on 04/06/2013 10:10:07 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: ridesthemiles

I was active duty 1963-1967, the first full year active duty was 1964, that year I earned $1060. You read that right $1064 for the full year. Indicative of the other 3 years earnings.

When I applied for S.S. I was pleasantly surprised to learn that all I had to do was show my DD214 and adjustments would be made to compensate for those very low earning years, so I proudly showed them my DD214.

It added a grand total of $13 per month to my S.S. check. Don’t get me wrong, I’d rather have it than not but really $13 for four years of my life?


42 posted on 04/06/2013 10:25:26 AM PDT by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: winodog
Disability is the devil

Disability is certainly a problem, in that it is so scammed but S.S.I.(crazy money) is the real devil. To be eligible for disability (S.S.D.I.) you must have paid in to the rotten system for 40 quarters. For S.S.I. you need never to have paid in a cent.

43 posted on 04/06/2013 10:30:32 AM PDT by Graybeard58 (_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
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To: Olog-hai

Repeal Obamacare !!!!!!!!!!!!!!!!


44 posted on 04/06/2013 11:10:00 AM PDT by right way right (What's it gonna take? (guillotines?))
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To: Olog-hai

Nothing...NOTHING to help businesses which is the MAIN engine which will grow the economy.


45 posted on 04/06/2013 12:07:48 PM PDT by what's up
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To: rigelkentaurus

Thanks for the explanation.


46 posted on 04/06/2013 1:05:29 PM PDT by memyselfandi59
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To: Olog-hai

Communist Labor Unions make “deals.” Guess Communist Community Organizers do too - - - .

__________________

Documentation File on the harmful impact of the Counterculture of Obamanation on America.

___________________

Barry Soetoro, aka B. Hussein Obama, first Inaugural quote: “I want to FUNDAMENTALLY CHANGE AMERICA!”


47 posted on 04/06/2013 2:22:01 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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