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Monday, August 12, 2013

Why the economy doesn’t work for the 99% - NH Labor News

Why the economy doesn’t work for the 99% - NH Labor News:

 "Let’s use real words, here, so everyone knows what the choice comes down to.  Translated from GOP-speak, “entitlements” are Social Security, Medicare and Medicaid.  (Remember, you have paid into the Social Security and Medicare trust funds with every paycheck, for as long as you’ve been working.)

So here’s the choice:

Congress can continue to let the federal debt grow.
Congress can return taxes to historical levels.
Congress can cut Social Security, Medicare and Medicaid.
Congress is going to be making this choice over the next two and a half months.  The current federal budget expires on September 30th — about the same time that the federal government will hit the debt limit (again)."