Senator Elizabeth Warren(D-Mass) Opposes Social Security Cuts Her Brother Lives on only $13,200 Per Year Social Security (legal, lawyers)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Senator Elizabeth Warren (D-Mass.) made it clear Wednesday in an email to supporters that not only would she oppose President Barack Obama's plan to cut Social Security benefits through a cost-of-living adjustment known as chained CPI, but that she was "shocked to hear" it was included in the White House's budget proposal at all.
Warren said her brother David lives on the $13,200 per year he receives in Social Security benefits. "I can almost guarantee that you know someone -- a family member, friend, or neighbor -- who counts on Social Security checks to get by," she wrote.
Elizabeth Warren has a net worth of 14 million dollars but can't help her brother out-----Typical Liberal Phony!
What is it with all of these rich people moaning and groaning about how you cant succeed in america and thus we need to create more government programs to keep people poor?
Senator Elizabeth Warren (D-Mass.) made it clear Wednesday in an email to supporters that not only would she oppose President Barack Obama's plan to cut Social Security benefits through a cost-of-living adjustment known as chained CPI, but that she was "shocked to hear" it was included in the White House's budget proposal at all.
Warren said her brother David lives on the $13,200 per year he receives in Social Security benefits. "I can almost guarantee that you know someone -- a family member, friend, or neighbor -- who counts on Social Security checks to get by," she wrote.
Elizabeth Warren has a net worth of 14 million dollars but can't help her brother out-----Typical Liberal Phony!
So how do we know that she doesn't help him??? How do we know whether or not her brother refuses help? She didn't say her family doesn't help him. $13,200 is a very small amount to live on and yet could certainly be the foundation of his income.
Just like how I think many conservatives are wrong in wanting to dump SSN, I also find most liberals to be wrong in not wanting to make minor and common sense changes to it (why not adjust future increases to inflation? why not extend the retiring age to match life spans? why not secure the trust fund better from government dipping?)
The real point is that Senator Elizabeth Warren is right in opposing changing the CPI formula for Social Security. SSA does not contribute to the deficit and seniors have a different consumption basket from the young, one that includes more medical expenses, and probably face true inflation that’s higher, not lower, than the official measure.
So, changing the chained CPI means a real cut to seniors.
So how do we know that she doesn't help him??? How do we know whether or not her brother refuses help? She didn't say her family doesn't help him. $13,200 is a very small amount to live on and yet could certainly be the foundation of his income.
Legally, if he was getting income from Elizabeth Warren, he would have to claim it, and thus reduce his payouts from the government.
Just like how I think many conservatives are wrong in wanting to dump SSN, I also find most liberals to be wrong in not wanting to make minor and common sense changes to it (why not adjust future increases to inflation? why not extend the retiring age to match life spans? why not secure the trust fund better from government dipping?)
Why not extend the retiring age to match life spans? This is why:
Quote:
Oh, and they’re talking about raising the retirement age, because people live longer — except that the people who really depend on Social Security, those in the bottom half of the distribution, aren’t living much longer. So you’re going to tell janitors to work until they’re 70 because lawyers are living longer than ever. link
Also, whether the Trust Fund is segregated or part of the Treasury makes no difference. If they have a segregated account or it's part of the Treasury, these are still obligations.
Why not extend the retiring age to match life spans? This is why:
I'm not surprised since the bottom of the scale have more of a tendency to shorten their own lives by bad habits?
Won't Obamacare go a long way to reverse that?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.