Mr. Denninger of the Tea Party states he wants to cut a SSI by 50% simply because we don't have enough money to pay the rates we are now and cutting it to zero would be stealing.
Mr. Denninger, along with most of the extremist views of the Tea Party Republicans, have not taken into account what would occur to the USA economy and the 'aged populous' in the USA, including the very aged in nursing homes if SSI were cut by 50%.
People plan their retirements and include those monies in that planning. Beside trashing every retirement dream in the USA, it would cut 50% of circulating monies out of the 'economy of the aged' in the USA. YES, SSI is part of the economy of the USA. Yet, these folks believe by simply cutting the amounts people receive it will be all okay.
I wonder. Do they believe in the Easter Bunny and Santa Clause, too?
He believes SSI is a subsidy to citizens and that any subsidy is socialism.
Really?
Has he looked into the subsides paid to the petroleum industry?
