Senator Bernie Sanders Slams The Deficit Commission Report

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Thanks to Double Dutch Politics for the link to Bernie Sanders' statement on the Deficit Commission co-chairs’ report.

You can also read about that report, plus my liveblog of Thom Hartmann's response here, where Thom reveals the Social Security crisis that they don’t want you to know.

Senator Sanders:

BURLINGTON, Vt., Nov. 10 – U.S. Sen. Bernie Sanders (I-Vt.) today issued the following statement in response to a proposal by the co-chairmen of a White House deficit commission, Erskine Bowles and former Sen. Alan Simpson:

“The Simpson-Bowles deficit reduction plan is extremely disappointing and something that should be vigorously opposed by the American people.  The huge increase in the national debt in recent years was caused by two unpaid wars, tax breaks for the wealthy, a Medicare prescription drug bill written by the pharmaceutical industry, and the Wall Street bailout.  Unlike Social Security, none of these proposals were paid for. Not only has Social Security not contributed a dime to the deficit, it has a $2.6 trillion surplus.

“It is reprehensible to ask working people, including many who do physically-demanding labor, to work until they are 69 years of age. It also is totally impractical. As they compete for jobs with 25-year-olds, many older workers will go unemployed and have virtually no income. Frankly, there will not be too much demand within the construction industry for 69-year-old bricklayers.

Despite all of the right-wing rhetoric, Social Security is not going bankrupt.  According to the Congressional Budget Office, Social Security can pay every nickel owed to every eligible American for the next 29 years and after that about 80 percent of benefits.

“If we are serious about making Social Security strong and solvent for the next 75 years, President Obama has the right solution.  On October 14, 2010, he restated a long-held position that the cap on income subject to Social Security payroll taxes, now at $106,800, should be raised.  As the president has long stated, it is absurd that billionaires pay the same amount into the system as someone who earns $106,800.

“With the richest people in this country getting richer and the middle class in decline, it is absurd that billionaires pay the same amount into the Social Security system as someone who earns $106,800.”

Double Dutch has a video of Sanders discussing this with Neil Cavuto here.

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  • http://twitter.com/DEMOCRATZxORG WWW.DEMOCRATZ.ORG

    OK, here’s what you do about the catfood commission. Simpson lives in Wyoming and Bowles lives in North Carolina.

    Call, email, write to the Chamber of commerce in both Wyoming and North Carolina. Tell the person in charge you refuse to travel to their state or to buy any product or service from a company that comes from their state until Simpson and Bowles gets rid of all social security changes from the catfood commission and then disbands the catfood commission.

    If you don’t do this, then God help you.

    You can see other actions at http://www.twitwall.com/DEMOCRATZxORG

  • CinNY

    It is time for the politicians to be honest if not with us then at least with themselves. There is no Social Security porblem. Not for more than 25 years they just keep stealing the money out of the cookie jar and crying there isn't enough money!!!! They need to grow the hell up and stop trying to feed us crap sandwiches!!!!!

  • SeattleDan

    I love Senator Bernie. And Screw the Catfood Commission. Like anyone serving on it will ever depend on Social Security when they retire.

  • DashRipr0ck

    this says it all: “With the richest people in this country getting richer and the middle class in decline, it is absurd that billionaires pay the same amount into the Social Security system as someone who earns $106,800.”