The Nation Of Change has the article The CEO Plan to Steal Your Social Security and Medicare.
Many of the same folks who brought the economy to ruin just a few years ago are now going to come up with a plan that is supposed to set the budget and the economy on a forward path. At the center of their proposal are big cuts in Social Security and Medicare.
It is an interesting article even if I do classify this as an example of Greenberg’s Law of the Media. He talks about an 0.3% change per year in the COLA adjustment for Social Security, aggregates this to 3% over ten years and then compares this to the 3% change in upper income tax rate. 3% is 3%, right? Well 0.3% a year is not the same as 3% a year and 3% over 10 years is also not the same as 3% over 1 year. Putting this aside, the rest of the article might supply you with some information you didn’t know.