Sen. Bernie Sanders today congratulated Sens. Tom Coburn (R-Okla.), Mike Crapo (R-Idaho) and Saxby Chambliss (R-Ga.) on their
very significant victory in negotiating a deficit-reduction plan which achieves their long-term goal of dismantling every major social program relevant to working families.The so-called Gang of Six plan that the Republican senators negotiated calls for massive cuts in Social Security, Medicare, Medicaid and virtually every program important to working families, the sick, the elderly, the children and the poor. The package also would hurt American workers by giving U.S. companies more incentives to avoid U.S. taxes by shipping jobs to low-tax countries."While I am sure that they did not get everything that they wanted, I think it's fair to say they won about 80 percent to 90 percent of what they fought for," Sanders said. "Despite President Obama's campaign promise not to cut Social Security benefits, the Gang of Six plan, which he apparently embraced, calls for massive cuts in that vitally important program." Under the Social Security proposal, a new formula for calculating cost-of-living adjustments would cut a typical 75-year-old's yearly benefits in 10 years by $560. The average 85-year-old would see a $1,000 a year cut in 20 years. Furthermore, the proposal demands that Social Security be solvent for a 75-year period, which could include additional cuts. The proposal also cuts Medicare by $298 billion over 10 years and makes massive cuts to Medicaid.
More at
Bernie's Senate webpage.
Bernie, :loveya:
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