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Reply #17: TPM has a good analysis of this. Specifically, the cut will be compounded so that [View All]

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Luminous Animal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 04:07 PM
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17. TPM has a good analysis of this. Specifically, the cut will be compounded so that
over the years, beneficiaries will lose thousands of dollars of benefits if the formula remains untouched.

I'd say that that is a cut.

http://tpmdc.talkingpointsmemo.com/2011/07/chart-of-the-day-the-stealth-social-security-cut-in-debt-talks.php

I suggest people read the TPM article. If you are loath to read the article, at least scroll down to the chart.
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