The absolute gall! The President will take to the road in January, after the Bowles-Simpson-type "framework" has already been passed and signed into law. And he will lead the charade that there is still time to change the outcome of "entitlement reform." Even worse, he will do this with the backing of none other than Senator Bernie Sanders.
I reach this conclusion because of the wording of one of Ed's questions to Senator Sanders:
"So Senator, you want President Obama to hit the road after the first of the year (to which Sanders nods), and go sell the American people, just like Bush did in 2005, when he won relection?"
[Hat Tip to kgblogz.com for allowing me to link to my blog post there.]
Apparently, the link to this video clip is no longer working at C-Span, so it rendered the link in my previous diary here, inoperable. Here's a new version:
If this doesn't work, here is a link to a working embedded version of this 1 minute clip.
Also, here is the C-Span link to the entire Conrad interview at the CEO Council.
Senator Conrad ticks off the Bowles-Simpson prescription for Social Security reform. One revenue change, adjusting the cap on wages up several thousand dollars over many years, and of course, the three (3) recommended "cuts" to Social Security.
REVISION: Please take a moment to view this video. And please Retweet the "Tweet" below, which links to the kgblogz post and video.
According to Janice Gregory, President of the National Academy of Social Insurance, "Social Security is not a major, primary source of our deficit and mandatory spending problems. It just isn't. It's nearly a flat line."
The reason that I've included this "very basic clip" is to provide readers with a knowledgeable source (Ms. Gregory) to quote, if called upon to substantiate the claim that Social Security does not contribute in a major way to the deficit.
“If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” — Woodrow WilsonRead below the fold...
After further reading, I felt that I had "mis-conflated" Mr. Clinton's words to refer to the Special Minimum Benefit.
I will address the importance of the 'Special Minimum Benefit' and the 'Hardship Exemption' in a later post. It really should be important to all of us, for several reasons. The foremost reason is that 'we' should collectively care about the most vulnerable members of our society, and this benefit is essential. Secondly, we need to realize that the PtB are "out there" strongly implying that the proposed increase in this benefit, is one reason that it is necessary for the rest of us to "take a haircut." And this is absolute hooey.
Indeed, his reference to 'how his Social Security benefit might be lowered, or done away with,' clearly demonstrates that his intended reference was to the (B-S) Fiscal Commission's recommendation that Social Security benefits be subjected to progressive price indexing, or 'means testing.'
This glaring error demonstrates that 'it is best not to start writing a blog at almost midnight.' ;)
Joe Biden - Caricature
DonkeyHotey's photostream, flickr
Remember all the jubilation in the "progressive community" after VP Biden's trip to the Coffee Break Cafe in Stuart, Virginia. According to the White House pool report, when a diner there said, "I’m glad you all are not talking about doing anything with Social Security," Mr. Biden responded: "Hey, by the way, let’s talk about Social Security. Number one, I guarantee you, flat guarantee you, there will be no changes in Social Security. I flat guarantee you."Read below the fold...