The Democrats are about to finalize a deficit-reduction deal with Republicans. This will cut Social Security payments over time. The cuts will increase as recipients grow older, reaching almost 10% at age 85.
As Presidents Reagan and Obama have said, Social Security has nothing to do with our country’s deficits. In fact, it is forbidden by law to contribute a penny to the deficit. It should NOT be cut in a deficit deal.
Changes could strength and lengthen Social Security.
Just as Auto, Home, Life, etc. insurance is pooled and then paid out to those who need it, so should Social Security. There are Millionaires collecting it, who certainly DO NOT need it.
This Great Nation cannot continue to pay for every need (or desire) for more, more, more...