Greider on Social Security and the budget battle.
Will Voters Forgive Obama for Cutting Social Security?
Will Voters Forgive Obama for Cutting Social Security?
Nothing quite like a very succinct summary of the bitter
truth.
So who gets tell the
folks that their FiCA deductions were a joke—only an accounting fiction?
The financial problems
facing Social Security are easily fixed (as Obama himself has said) and are
actually 30 years away.
When the Congressional Budget Office is required to “score” Obama’s
so-called cost-of-living reform, it will be compelled to announce that whacking
the old folks contributes not a penny to reducing the federal government’s
deficits.
In fact, there is an
even bigger lie concealed by the fiscal scolds and ignored by witless media,
too.
Again and again, self-righteous critics have portrayed Social Security
as the profligate monster borrowing from the Treasury and sucking the life out
of federal government.
Guess what?
It's the other way around.
The federal government borrows from Social Security.
The Treasury has been borrowing from the Social Security Trust Fund for
30 years, and the debt to Social Security beneficiaries now totals nearly $3
trillion.
The day is approaching when that money will be needed for its original
purpose: paying Social Security benefits to the working people who contributed
to the fund.
That is the real crisis that makes the financial barons and their media
collaborators so anxious to cut Social Security benefits.
They would like to get out of repaying the debt—that is, giving the
money back to the people who earned it.
The only way to do this is cut the benefits—over and over again.
Count on it.
If the president and
Congress succeed in this malicious scheme, they will come back again and again
to cut more and more.
If the politicians
join this sordid conspiracy, voters should come after them with pitchforks and
torches.
John Nichols is right, too.
And so are all the people he refers to.
"Real Democrats don't cut social security benefits, period[.]”
And so is Alan Grayson.
In a conference call
organized by the Progressive Change Campaign Committee, co-founders Adam Green
and Stephanie Taylor pledged to launch primary challenges against Democrats who
vote for a budget bill that includes chained CPI.
"There needs to
be accountability in 2014, and we're very serious," said Green. "You
cannot call yourself a Democrat and support Social Security cuts."
Progressive member of
Congress Alan Grayson, Democrat of Florida, warned that Obama's changes to both
Social Security and Medicare benefits in his budget may drag down the whole
Democratic Party.
"A Democratic
President is proposing cuts to benefits, without receiving anything form the
other side . . . that undermine the core Democratic accomplishment of the last
50 years," he said.
In addition to chained
CPI, Grayson pointed out, the White House budget contains a two-tier approach
to Medicare long favored by Republicans that treats new beneficiaries
differently from current beneficiaries, imposing means-testing on incomes above
$47,000.
"You may recall I
lost my election two years ago because Republicans took a shot at convincing
the public that ObamaCare was a cut in Medicare," Grayson said.
Now, he said, the
President is handing the Republicans an issue they can use to win elections.
No comments:
Post a Comment