Social Security Trustees released their annual report on Monday, and you've seen all the crappy headlines: ZOMG TEH SOSHUL SECURITEEZ CANTZ PAYZ TEH FULL BENEFITZ BY TEH 2035!!!! and ZOMG TEH COSTS WILLZ EXCEEDZ TEH INCOMEZ NEXT YEARZ!!!!! If you're old enough to remember the ZOMG TEH SOSHUL SECURITEEZ WILL GOEZ BROKEZ BY 2016!!!!, then you won't be impressed. But if you're acquainted with simple arithmetic, you can see that raising the ceiling on payroll taxes so that income over $132,900 can be taxed into the system will not only help keep Social Security solvent, but also allow us to expand its benefits so our seniors can have a more dignified retirement. And ideally we're all going to be seniors one day, so what we do for them we do for us, too -- particularly since we're all paying into the system now! Social Security Works helps you tell Congress to protect and improve Social Security by passing H.R. 860/S. 269, the Social Security 2100 Act.
Meanwhile, H.R. 2176, the Return to Prudent Banking Act, would (among other things) bring back the famed Glass-Steagall "wall" separating your bank account from a bank's risky investment activities. You still remember the big bankster meltdown of 2008, I trust? And you remember how politicians all went on the TV to blame anyone but the banksters? And you remember how banksters barely suffered for their evil, but the taxpayer had to bail them out? And you remember how well banksters have done in the succeeding years under a weak Democratic President and then an evil Republican one? Well, forcing banks to keep their speculative investments from crapping all over your savings and your investments would be a good way to start bringing the banksters to heel, as it is the duty of all civilized people to do. Hence Public Citizen helps you tell your Congressfolk to bring back some sanity to banking by passing the Return to Prudent Banking Act.
Finally, if you've missed previous opportunities to tell your Senators to keep Stephen Moore off our Federal Reserve Board of Governors, then a group of good-government organizations still helps you do that. You know we should keep Mr. Moore off our Federal Reserve because he's long advocated the kind of economic flimflam that has destroyed state and local governments and served only to redistribute worker income upward to bosses. You may also have heard that he owes our government some $75,000 in unpaid taxes and that he owes his ex-wife four times that amount in alimony. His defenders will say these are the kinds of mistakes "big people" make all the time when they have a lot of money -- which only argues for not letting people get that "big" in the first place, as well for rejecting the me-first-and-only economic theories that cause all these "big people" "mistakes."
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