Obama to propose cuts to Social Security

[HoosierPoliticalJunkie]

America does not need more taxes.  America needs more jobs.  Obama had his tax increases, and I supported that deal. 

Now, it's time to reform the entitlements.  I would support revenue increases with real entitlement reform, but the revenue increases have already passed.  And Obama's payroll tax increase(to be fair, it's not like the GOP pushed for its extension at all) is what caused the anemic 88K jobs report. 

Entitlements will drown the economy if left unchecked.  We cannot afford the path we are on now.  America must not become the next Cyprus. 

Please Congress, cut spending.  Please.

[HoosierPoliticalJunkie]

an amount equal to about 5% of the GDP

insignificant then.  Your class certainly should be paying about double your current rate.

At least until such time as you harvest your expectancy.

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/09/19/heres-why-the-47-percent-argument-is-an-abuse-of-tax-data/

The average tax rate overall, including federal, state, and local taxes, is around 30% for the top 2 QUARTILES of income.  So if you're in the top "40%", which might be "your class", then doubling that rate would be 60% of your income.  That is quite excessive.