The CEO Plan to Steal Your Social Security and Medicare


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.

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