Detailed text transcripts for TV channel - MSNBC - 20130411:03:46:00
Slowly, and simply put, this is a real cut in benefits, as in the actual dollar value you'll receive in social security benefits will be less, according to the center for the average worker retiring at 65, means a cut of about $650 every year. by age 75, $1,130 every year by age 85. the president's proposal were not a real cut in benefits, it would not be a savings to the benefit. the proposal lives within the cutting the deficit section of the budget and comes with a promise of $230 billion in savings. this is why the embrace by the president is so controversial. this is why the president's b...