Nearly two months ago, while STILL a candidate for the Republican nomination for President, Michigan Congressman Thaddeus McCotter introduced the SAVE SOCIAL SECURITY ACT (HR 2889)at a conference held at the Heritage Foundation. The plan SAVES Social Security WITHOUT raising the payroll tax, WITHOUT raising the retirement age, WITHOUT reducing benefits, and WITHOUT privatizing the system. The plan, formulated by Cong. McCotter and Peter J. Ferrara, was scored by the Social Security actuary, who stated that it would save the Government $8.3 trillion over the next three decades, the largest reduction of government spending in the history of government.
The reaction? NONE! A total media blackout which not only kept the public in the dark regarding the plan, but forced McCotter to withdraw his candidacy.
Please do some research on HR 2889 and explain to me why it was and is being ignored by the media.
Minute 1:13: http://www.youtube.com/watch?v=acGKor6OFxQ
He reduces spending in other areas to pay for SS. So to tide the SS fund until “Fifty year olds” start drawing from their own “personal accounts” he pays for the SS deficit out of the general fund.