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Those who relentlessly scream at us and finance ads to persuade us that the deficit threatens our grandchildren are obscuring the truth. The fact is that the transfer of wealth from public funds and the rest of us to the super rich is the real crisis. But those who have gorged themselves on this massive transfer of wealth also seek to undermine the Medicare and Social Security which are our grandchildren’s heritage from generations of struggles for a better life.
The projected cuts are not minor but very harmful. Even a small decrease in the Social Security Cost of Living Adjustment would deliver an ever increasing downward push on benefits while corporations continue to threaten secure pensions by turning them into lump sums that will fade with the stock market.
Raising the Medicare age to 67 would be disastrous. There will be no affordable health insurance for those in their 60’s. The Affordable Care Act allows private insurance companies to charge premiums three times higher based on age. Under popular pressure, there were regulations placed into the health care reform bill to stop insurance companies from charging higher premiums based on pre-existing conditions. But the companies were allowed to charge three times the premium based on age.
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