6
Mai
2005

Hitting the Middle Class, Again

TODAY'S EDITORIALS
Published: May 3, 2005
The New York Times

As he moved into the home stretch of his 60-day Social Security road show last week, it became clear that President Bush had saved the worst for last.

Mr. Bush endorsed a proposal that would take a huge bite out of the Social Security retirement benefits for the middle class, claiming that would close some 70 percent of the system's financing gap. That figure is almost certainly overstated. Under the proposed reductions, young workers who now earn about $36,000 would face a 16 percent cut; those earning about $58,000 would face a cut of 25 percent, and those earning $90,000, 29 percent. People not yet in the work force would face even larger reductions. [..] Read the rest at:
//www.nytimes.com/2005/05/03/opinion/03tue1.html

What do they mean, unprepared? Don't they know of Cheney's underground empire? Built right after he was in office? What do they care what happens to all of us "fungibles?"


© Virginia Metze
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