Bloomberg
Democratic Group Would Cut Social Security for Top Earners
November 30, 2010, 12:01 AM EST
Nov. 30 (Bloomberg) -- A Democratic-led policy group is defying party history by proposing changes to Social Security to pave the way for recommendations this week by President Barack Obama’s deficit-cutting commission.
Washington-based Third Way said its plan would raise the retirement age, trim or eliminate Social Security benefits for high-income retirees, limit cost-of-living increases and provide money to help young workers create private retirement accounts.
The proposal, to be released after the presidential panel is due to issue its report tomorrow, is timed to help create a buffer for congressional Democrats to support politically unpopular deficit-trimming measures, said Third Way spokesman Sean Gibbons.
Comment - Well they paid into it too,this would be forcibly stealing money.