The Republicans have opened a new assault on Social Security. At present all I know about it is what I read in a Talking Points Memo by Tierney Sneed Key House GOPer Introduces Bill With Major Cuts To Social Security .
The trouble with Sneed’s article is that she does not appear to know what she is talking about. She just wrote down what some “experts” told her with no idea what the words mean.
For example, she says,
“A 65 year-old at the top of the scale, a $118,500 average earner, would see his benefits cut by 25% when he retired, compared to the current law, and that reduction would grow to 55 percent compared to current law by the time the retiree was 85 years old.”
Well, which is he, “at the top of the scale” or an “average earner”?
– Naked Capitalism