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A May 13, 2009 Wall Street Journal report headlined "Social Security, Medicare Face Insolvency Sooner," saying:
Medicare "will be depleted by 2017," Social Security by "2037." In fact, neither program is endangered as explained above. Yet the report continues:
"Any attempt to address long-term fiscal problems will require big changes to the way entitlements are funded or paid out."
False, but don't expect major media reports to explain or side with recipients about programs too important to be weakened or lost.
Yet in his January State of the Union address, Obama announced plans to "freeze government spending for three years," starting in 2011, saying he'd form a bipartisan fiscal commission to cut the deficit and tackle entitlements by imposed austerity at a time massive stimulus is needed.
Called the National Commission on Fiscal Responsibility and Reform (NCFRF), it's co-chaired by two deficit hawks, former Senator Alan Simpson (R. WY) and Erskine Bowles, former Clinton White House Chief of Staff. They headed an 18-member team, stacked with like-minded members, elitists knowing their futures are secure.
Their mandate: slash Medicare, Medicaid, Social Security and other social spending, continuing a decades long process of transferring wealth to America's super-rich. On November 10, they issued their proposal. An earlier article addressed it, accessed through the following link:
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