Obama has offered to cut Social Security benefits through application of a reducing chained CPI, as part of the fiscal cliff kabuki. Most people find this objectionable. Hiltzik describes the chink in the armor of this CPI caper. Three lies: Here are the three lies about the chained CPI that
As my colleague Arthur has just let me know, the chained CPI will affect people like him immediately. He’s really exasperated by Obama’s latest sell-out of the social insurance Arthur depends on. Even Dean Baker is getting raspy in his crisp, curt, and annulling criticism of the chained CPI.
For the last forty years, workers have seen their wages suppressed and kept stagnant, while their productivity soared. CEOs pressed for lower income tax rates and were successful in securing the lowest income tax rates in a century For themselves. There is rumbling that the rich need more… like raising our Medicare
For the last forty years, workers have seen their wages suppressed and kept stagnant, while their productivity soared. CEOs pressed for lower income tax rates and were successful in securing the lowest income tax rates in a century For themselves. There is rumbling that the rich need more… like raising
Don’t Ask the Rich To Pay Slightly Higher Premiums for Medicare! Let them pay their fair share of Social Security taxes.
There’s a rumor that liberal Democrat enablers want to ask the rich to pay higher premiums for Medicare. That’s only 25 billion more dollars over ten years. Or 2.5 billion dollars a year. That’s something, but nothing compared to the fair share of Social Security FICA taxes which they are
According to Glenn Greenwald’s scale of liberal caving on cuts to our safety-net, social insurance programs, we are at Step Two: “STEP TWO: As the deal gets negotiated and takes shape, progressive pundits in Washington, with Obama officials persuasively whispering in their ear, will begin to argue that the proposed
There has to be more to the Democrats’ 400 billion dollars in Medicare cuts than just saving money on purchasing drugs. That would only add up to 112 billion dollars. So how did they plan to make the rest of the missing 288 billion dollars in cuts? Here are a
In July of 2011, President Obama offered Republicans cuts to Medicare, Medicaid, and Social Security. The written offer is HERE. Last week, President Obama, made a similar offer to Speaker Boehner. The paper of record described this as a bold set of demands. Republicans rejected it as insufficient. This writer’s
Plouffe has placed Medicare and Medicaid on the chopping block. Senator Durbin is expected to lead on focusing on Medicare and Medicaid as drivers of the deficit. And, he did so here, in a video. He vowed to dismiss the voices from the Left demanding ‘no cuts’. No one is
President Obama appears to be all in to sacrifice Social Security, Medicare, and Medicaid according to documents leaked by Bob Woodward. But Mr. Obama had telegraphed his intentions to craft a social programs and earned benefits “give away” in his Des Moines, “leaked” interview just prior to his re-election. Additionally,