Wed Nov 14, 2012, 09:18 AM
WorseBeforeBetter (9,993 posts)
(2011) White House Grand Bargain offer to Speaker Boehner Obtained by Bob Woodward
I haven't seen this posted... lost amidst the sex scandal and secessionists?
"This is a confidential document, last offer the president -- the White House made last year to Speaker Boehner to try to reach this $4 trillion grand bargain. And it's long and it's tedious and it's got budget jargon in it. But what it shows is a willingness to cut all kinds of things, like TRICARE, which is the sacred health insurance program for the military, for military retirees; to cut Social Security; to cut Medicare. And there are some lines in there about, "We want to get tax rates down, not only for individuals but for businesses." So Obama and the White House were willing to go quite far."
The numbers are "interesting"... more detail at link.
Top Story — Obama’s 2011 Grand Bargain Detailed in Documents Obtained by Bob Woodward
IF YOU haven’t read Bob Woodward’s latest book, The Price of Politics, you may not appreciate the documents below fully. We’re about to see Obama’s “excessive pragmatism,” as Larry Summers calls it, in stark relief. But you do get an idea of President Obama’s biggest legacy project, which began in 2011. They don’t call it the “grand bargain” for nothing and he’s the one pushing it, not Republicans.
Many people think of it as a “Nixon to China” moment, but it’s not.
Obama has always been fixated on Ronald Reagan and what he did, because that’s the president that impacted, impressed and embedded most in his mind when he was coming up. So, the grand bargain is about a Ronald Reagan – Tip O’Neill moment. An “I saved Social Security” for future generations deal, which will likely include a nod to the business community, whose “fiscal cliff” is the bookend meant to push the “grand bargain” to manifestation, in the mother of all Obama – Wall Street make-up sessions imprinted for history.
Maybe then we’ll get the jobs the middle class deserves.
Bill Kristol has already paved the way for the wealthy tax cuts, so Democrats only have to give on entitlements to make it all possible.
2 replies, 660 views
Response to WorseBeforeBetter (Original post)
Wed Nov 14, 2012, 09:34 AM
JustAnotherGen (12,463 posts)
I've been paying into SS and Medicare for other peoples' parents - and my annual statement I get each January (of SS targeted amount when I retire at 67) is going to be a lower number?
Keep in mind - was doing modeling gigs at 8 so I've been in the workforce for 31 years. . .
Because that is what this is about.
Can we cut the 'politic speak' and get to the heart of the matter?
BTW - there's nothing wrong with Social Security that can't be fixed by asking me to continue to pay in past my first 106.5K in gross each year.
Response to JustAnotherGen (Reply #1)
Wed Nov 14, 2012, 09:56 AM
WorseBeforeBetter (9,993 posts)
2. I've been paying in for 34 years...
and currently I can collect at 62, but it's a 31% decrease from collecting at 67. And a 44% decrease from collecting at 70.
62 will likely be history, and 70 is fucking high enough! 67 is my magic number... we'll see if TPTB fuck that up.
No arguments from me re: raising the cap.