Bernie Saunders: On making SS strong and solvent for the next 75 yrs, Obama has the right solution.

[FrenchieCat]

Sanders Statement on Deficit Commission Co-Chairs’ Report
November 10, 2010

“If we are serious about making Social Security strong and solvent for the next 75 years, President Obama has the right solution. On October 14, 2010, he restated a long-held position that the cap on income subject to Social Security payroll taxes, now at $106,800, should be raised. As the president has long stated, it is absurd that billionaires pay the same amount into the system as someone who earns $106,800.

“With the richest people in this country getting richer and the middle class in decline, it is absurd that billionaires pay the same amount into the Social Security system as someone who earns $106,800.”

http://sanders.senate.gov/newsroom/news/?id=E601C2F8-FF96-4982-93F8-F27B7AB2560F