LOTS OF NEWS TO CATCH UP ON

The Long, Murderous Arm of the Law has Killed Troy Davis
Kai Wright & Jamilah King / ColorLines
http://www.alternet.org/story/152502/the_long%2C_murderous_arm_of_the_law_has_killed_troy_davis?akid=7602.9992.8WExqt&rd=1&t=16

Why 2000 People Needed to Occupy Wall Street – Banks are Raking in Profits While Taxpayers are Getting Screwed
Amy Goodman / Comment is Free
http://www.alternet.org/story/152492/why_2%2C000_people_needed_to_occupy_wall_street%3A_banks_are_raking_in_profits_while_taxpayers_are_getting_screwed?akid=7602.9992.8WExqt&rd=1&t=19

Why do Republicans hate Social Security?
By Vermont Senator Bernie Sanders

Republicans hate Social Security because it has been an extraordinary success and has done exactly what it was designed to do. It is the most successful government program in our nation's history and is enormously popular.

When Social Security was developed, 50 percent of seniors lived in poverty. Today, that number is 10 percent -- still too high, but a testament to the success of Social Security.

Republicans have spent years demonizing Social Security and spreading lies about its sustainability. They want to scare Americans and build support for making drastic cuts to the program or privatizing it entirely. Their long-term goal is to end Social Security as we know it, and convert it into a private account system which will enable Wall Street to make hundreds of billions in profits.

The truth is that, today, according to the Social Security Administration, Social Security has a $2.7 trillion surplus and can pay out every benefit owed to every eligible American for the next 25 years.Further, because it is funded by the payroll tax and not the U.S. Treasury, Social Security has not contributed one nickel to our deficit.

Now -- in a prolonged recession that has decimated the poor and middle class and pushed more Americans into poverty than at any point in modern history -- we need to strengthen Social Security. That's why I, along with nine co-sponsors, have introduced the "Keeping Our Social Security Promises Act." This legislation would lift the Social Security Payroll tax cap on all income over $250,000 a year, would require millionaires and billionaires to pay their fair share into the Social Security Trust Fund, and would extend the program for the next 75 years.

For 76 years, through good times and bad, Social Security has paid out every benefit owed to every eligible American. The most effective way to strengthen Social Security for the next 76 years is to scrap the payroll tax cap for those earning $250,000 a year or more.

Right now, someone who earns $106,800 pays the same amount of money into Social Security as billionaires like Bill Gates and Steve Jobs. That is because today, all income above $106,800 is exempt from the Social Security tax. As a result, 94% of Americans pay Social Security tax on all of their income, but the wealthiest 6% do not.That makes no sense.

The "Keeping Our Social Security Promises Act" will ensure the long-term solvency of Social Security without cutting benefits, raising the retirement age or raising taxes on the middle class.Social Security is keeping tens of millions of seniors out of poverty today. I can think of no more important issue facing our country today than making sure that Social Security remains strong for generations to come.

Make the Rich Pay More Taxes! How Obama’s Pledge to Fight for a Fairer Tax Policy Sets off the Real Battle of 2012
Robert Reich / R.Reich’s Blog
http://www.alternet.org/story/152472/make_the_rich_pay_more_taxes%21_how_obama%27s_pledge_to_fight_for_a_fairer_tax_policy_sets_off_the_real_battle_of_2012?akid=7589.9992.ukTGNx&rd=1&t=6

[Duchess Note: More news to come, plus “personal news” and photos of events, vacation and 365 Project. Stay tuned!]