Take someone like me, who gets around $900 (gross) Social Security each month. If we shaved off 6 cents for every dollar spent, I would receive $5.40 less. Every month, meaning that, over the course of a year, I would receive just a smidge under $65 less. Correction: that number should be $54. 00. I really should never post anything with numbers on the fly. Too easy to accidentally move the decimal point and not notice.
I could live with that, if it meant the deficit could be eliminated. And, the beauty is, legislators will not be targeting individual programs, but cutting the budget across the board.
I like it, but check out the link, and see what you think about it.
Ah, those decimal points. 6% of $900 is $54.00, not $5.40. Tighten that belt a little more.
You’re right, I slipped a digit. But, even so, that’s not going to reduce me to eating dog food. And, for that matter, many of those making even less have subsidized housing, no cost to them premiums on their Medicare/Medicaid, food stamps, subsidized utilities, etc.
Now, all of those programs will also be reduced 6%. The cumulative effect would be huge.