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Looks like another promise may be on the chopping block.
Deficit panel can be candid: Budget cuts will hurt - Yahoo! News (http://news.yahoo.com/s/ap/20100219/ap_on_bi_ge/us_obama_deficits - broken link)
snippet:
"Everything's on the table," said Obama, who in his Feb. 1 budget was unwilling to abandon his pledge not to raise taxes on people making less than $200,000 a year."
According to the article the panel is considering the following:
"_Raise the retirement age for full Social Security benefits to more than 67 years old and have benefits grow at a less generous inflation rate. Expose more income to Social Security and Medicare payroll taxes. _Require seniors to pay more Medicare costs out of their own pockets and curb payments to health care providers.
_Raise taxes on people making less than $200,000 a year, requiring Obama to break a signature campaign pledge."
First of all, all public employees should have their retirement benefits equalized to what the average private sector employee will get from Social Security. And if you think they're "legally entitled" and "have contracts," be aware that those things mean nothing when the private sector steals retirement benefits, or when the government makes promises to those of us who pay its bills. So what's good for the goose...
Second, every penny that has been stolen from the "Social Security Trust Fund" must be repaid with interest (stop the useless wars and use that wasted money for this).
Third, all the other endless federal programs that hand out taxpayer funds by the billion to recipients who have not contributed to those particular programs can be cut to the bone or eliminated entirely. Better those go, than the one program that all Americans are required to pay into from the day of earning his/her first paycheck.
There are plenty of government programs that can be stopped without further reducing the already negative return Americans get from this mandatory Ponzi Scam.
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