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Mon Oct 8, 2012, 09:56 AM

Know the FACTS: Simpson-Bowles only calls for tiny cuts to Social Security [View all]

People whine about Simpson-Bowles, but I don't think they really know what's in the plan.

Only 22% of the average recipient's benefits will be cut when their recommendations fully kick in. That's only a $50,000 lifetime reduction per beneficiary in today's dollars, or $100,000 per couple.

Nobody will miss that. Heck, I'll bet that with a little uniquely American ingenuity, seniors will be able to make up for that. Maybe they could sell a kidney. Or start an online service where retirees can rate dumpsters so their peers will know which ones have the tastiest morsels to scavenge - sort of the Yelp for trash pickers.

And it will allow us to keep taxes low on the job creators. And keep a strong military, so we can protect ourselves from those who hate our freedom and want to turn us into a third-world country.

Regards,

The Rich

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