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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Krugman: Rumors of a Deal... » Reply #37

Response to elleng (Reply #32)

Mon Dec 17, 2012, 08:58 PM

37. Sounds like rationalization

for cutting benefits.

What it doesn't explain is why a program that has nothing to do with the deficit is being forced into deficit negotiations.

Vice President Biden Speaks To Seniors About Retirement Security

<...>

While Social Security is projected to remain solvent through 2033, it will eventually face a shortfall. Some Congressional Republicans have suggested that we should address this shortfall entirely through deep benefit cuts that could cost a typical senior hundreds of dollars every month. We believe that Social Security can be preserved for future generations without slashing benefits and we will oppose any efforts to privatize or weaken the program.

http://www.whitehouse.gov/blog/2012/07/16/vice-president-biden-speaks-seniors-about-retirement-security

Stick to those points, and in context, the rumor makes no sense.

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