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We spend more money on defense now than when we were in the "Cold War" with the Soviet Union.
The most we have to worry about is a handful of alledged terrorist running around in the mountains half way around the world.
Either you have had too much Dem kool aid or you just don't understand that things cost so much more today than during the Cold War. Also you don't seem to understand much of anything about military. Do you know how many men in the military will have to lose their jobs when all that money is taken away? Creating jobs, is not what happens when as much is taken from the military as has been proposed.
Before the Dems are finished trying to make the Republicans out to be the bad guy we will see as many jobs lost to military people as Obama is keeping from being created from the pipeline he doesn't want to see completed for GREEN reasons.
How is our National Security being put at risk by cuts, we could cut the defense budget in half and we still would be out spending the entire solar system on defense, the DOD has more money than God!
Ah yes, those damned Americans spend too much money on defense. Keep it up and someday maybe you will be able to see that it should have continued.
Uh, you all need to reach down and pull your heads out of your full point of contact.
The issue here is a tax revision based on chained CPI.
I have just started to look into this, so I cannot comment on it one way or the other.
Quote:
New formula could cut future benefits, raise taxes
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Taxes would go up by $60 billion over the next decade because annual adjustments to the tax brackets would be smaller, resulting in more people jumping into higher tax brackets because their wages rose faster than the new inflation measure.
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The proposal to adopt a new Consumer Price Index was floated by the Obama administration during deficit reduction talks in the summer. The inflation measure under consideration is called the Chained Consumer Price Index, or chained CPI. On average, the measure shows a lower level of inflation than the more widely used CPI for All Urban Consumers. Many economists argue that the chained CPI is more accurate because it assumes that as prices increase, consumers switch to lower cost alternatives, reducing the amount of inflation they experience.
For example, if the price of beef increases while the price of pork does not, people will buy more pork. Or, as opponents mockingly argue, if the price of home heating oil goes up, people will turn down their heat and wear more sweaters.
New formula would reduce Social Security increases
Under the chained CPI, yearly benefits for a typical 65-year-old would be about $136 less, according to an analysis of Social Security data. At age 75, annual benefits under the new index would be $560 less. At 85, the cut would be $984 a year, and at 95, the annual income loss would amount to $1,392.
"For someone in the first year, it may not seem a lot," said AARP's David Certner. "But as people get older and then they get poorer and more reliant on Social Security, the cut gradually gets larger and larger." In all, adopting the chained CPI would reduce Social Security benefits by $112 billion over the next decade. Federal civilian and military pensions would be $24 billion lower, according to the nonpartisan Congressional Budget Office.
The big tax increase on the middle class in the chained CPI
When the chained CPI, a new formula for the consumer price index on which cost of living adjustments will be based, was first floated as a possible deficit cutting measure, the Strengthen Social Security coalition analyzed the proposal and found where some of the hardest cuts would hit:
Congress Figures Out Sneaky Way To Raise Taxes And Cut Social Security Benefits Without Anyone Noticing
For example, by 2021, taxpayers making between $10,000 and $20,000 would see a 14.5 percent increase in their federal taxes with a chained CPI, according to an analysis by the Joint Committee on Taxation. Taxpayers making more than $1 million would get a tax increase of 0.1 percent.
My SS benefits will go down in spite of the first COLA we have had since Obama took office because of a sizable rise in Medicare withheld from SS. Do you know how much we of the SS group pay to Medicare? Most non old people don't have any idea.
I try not to use things like Kos for my information but then many of you think that old Kos is very reliable.
My head is sitting squarely on my neck which is atop my shoulders, in case you wondered.
Republicans have charged Democrats with breaking off talks on the deficit-reduction supercommittee less than two weeks before the panel’s deadline to reach a deal.
The GOP accuses Democratic leaders of abruptly reining in their appointees after Republicans made a serious offer to reduce the deficit through tax reforms that would lower tax rates while eliminating or reducing tax deductions.
Democratic sources say they rejected the GOP offer because it would provide a tax windfall to the rich and shift more of the burden for paying the nation’s bills to the middle class. They say supercommittee members continue to talk by phone and assert Republicans are exaggerating to make Democrats appear intractable.
Um, your link also quotes "to one senior GOP aide"
So everyone elses stories with unnamed aids arent credible, but yours somehow is?
Um, I didn't have a link. You did understand that the shaded area was a copy of shorebaby's post, with shorebaby's link?
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