To the editor:
Over the past six weeks, I have been bombarded by letters and petitions from several organizations protesting the proposed cuts in Social Security.
The Obama administration and congress are working on this in order to reduce the deficit. But let’s go back a few years when the government raided social security of billions of dollars. Then it replaced these funds with worthless treasury IOUs.
To compensate for this extremely costly move, Congress wanted to up the retirement age and cut benefits. So as usual, they want to make working-class Americans pay for this greedy move with no regard for financing their benefits.
Also, to make things perfectly clear, Social Security is not an entitlement program as many in our government would lead people to falsely believe. Working class Americans pay into it and that sum is matched by their employers under FICA (Federal Insurance Contributions Act) or OASDI (Old Age, Survivors and Disability Insurance).
Now, this administration and Congress want to use the chained CPI (Consumer Price Index) a term that means cutting social security benefits by $127 million over the next 10 years. As defined by the Bureau of Labor, the CPI is a measure of the average change over time in the prices paid to urban consumers for a market basket of consumer goods and services. So, this administration wants to carry out a move that it claimed its opponent was going to do if he were elected to the White House.
To add insult to injury, the immigration reform legislation that provides amnesty, will also open up social security and Medicare benefits to approximately 11 million illegal immigrants. It has passed in the U. S. Senate and is now under consideration in the House. It seems like a good way too, for politicians to buy a huge number of votes.