General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGOP Are Taking Workers' Payroll Deductions For Social Security/Medicare & Giving To Rich.
Social Security and Medicare are programs that are being paid for with every pay check. The GOP is stilling that money meant for retirement and health care and giving it to the rich. These programs are not or should not be part of the general fund. So they are stealing the money present workers are putting in paycheck.
dubyadiprecession
(5,711 posts)It seems like our elected officials have the attention span of a gnat!!
gratuitous
(82,849 posts)They're just doing with Social Security and Medicare what their corporate bankrollers have been doing for years. It's been a gravy train for years for robber barons to take over some company with a nice employee pension fund, load up the company with all kinds of debt, raid the pension fund for "operating expenses" or executive bonuses, and then abandon the bankrupt shell of the business, leaving a trail of unpaid IOUs and an empty pension fund.
Let's see if this will work on the biggest worker retirement fund of them all.
Irish_Dem
(47,107 posts)Some GOP governors did the same with the state pension funds.
Saw a big pile of money and turned it over to private managers to oversee the fund and you know what happened then. Benefits sharply curtained while the Governor's pals got rich.