Repugicans to hack Social Security benefits

In other words, thanks for sacrificing to help save the financial industry but heavens no, they can't help return the favor. Do less with less. Oh how exciting.

A repugican plan to rein in the rising cost of Social Security would dramatically reduce retirement benefits for middle- and upper-income Americans, especially those now younger than 25, according to an analysis released Wednesday by the program's chief actuary.

The plan, by Paul Ryan (reptile-Wis.), would reduce benefits by gradually raising the retirement age and gradually trimming benefits for the top 70 percent of earners.

Together, the two provisions would slice initial benefits by about a quarter for middle-income Americans who turn 65 in 2050, according to the analysis. Wealthier retirees would see even deeper cuts, losing about a third of scheduled benefits in 2050 and more than half of scheduled benefits if they turn 65 in 2080.

Looks like we really will need the Social Security Protectors.