Monday, December 17, 2012
The stupidity rises like puke in a drunk
And once again that Stupidity takes the form of concessions to the Republican/Teabaggers on Social Security.
Amid news reports that President Obama is considering a proposal from House Speaker John Boehner to slow the growth of Social Security payments over time as part of a broader budget deal to avoid the fiscal cliff, senior Democratic congressional aides are portraying the idea as a more palatable alternative to other benefit cuts Republicans have sought.The Great Orange Boehner can give President Obama and the Democrats nothing that they won't get at the end of the year. Cutting Social Security Insurance in any form is theft from the working people of the United States by the wealthy who have no need to steal more from us. But they won't stop trying.
As part of a deal that would include higher taxes on top earners and an increase in the debt limit, Republicans are pushing a plan to index Social Security benefits and perhaps tax brackets to a slower-growing measure of inflation called chained CPI.
The plan would reduce Social Security spending by over $100 billion over 10 years by reducing cost of living adjustments, and potentially increase tax revenues by hastening taxpayers into higher tax brackets.
Though progressive advocates staunchly oppose the move to chained CPI, aides note that there is a broader consensus in the center-left and conservative policy communities for re-indexing Social Security benefits, particularly by comparison to raising the Medicare eligibility age — the GOP’s other, more controversial benefit cut proposal. For instance, the liberal leaning Center on Budget and Policy Priorities has conditionally endorsed the chained CPI proposal.
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