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Tue Dec 18, 2012, 01:50 PM

Guess what? Chained CPI is the bright idea of Third Way, the Dem "policy shop".

The DLC once claimed to be the "policy shop" for Democrats. In 2011 Fox Democrat Kirsten Powers posted that DLC had shut down, and the Third Way had taken their place.

The policies recommended by these Democratic "think tanks" have controlled our party for years.

Here are the details of their Social Security plan posted 2011 at the website of the Committee for a Responsible Federal Budget.

Third Way Introduces New Social Security Reform Plan

Yesterday, the organization Third Way released a plan outlining several Social Security reform proposals meant to ensure the program's solvency over the next 75 years. The plan, called Saving Social Security, makes several fundamental changes to the program and cuts $2 in benefits for every $1 it increases taxes. The authors of the plan describe it as "savings-led" and say that by approaching Social Security reform in a progressive way, it's possible to come up with "a solvency plan that would make Franklin Roosevelt proud". The major points of the plan are summarized in the tables below:


Proposal Savings Through 2040 Portion of 75 year Budget Gap Closed

make benefits formula more progressive neutral no effect

index retirement age to longevity, reaching 70 by 2077 $1 trillion >one-third

cut payroll taxes in half for older workers unspecified modest cost

switch to chained CPI for COLAs $2 trillion ~one-third

increase payroll tax for high-income workers (with or without a FICA "donut hole" payment)

$1.2 trillion ~one-third

fully tax benefits for high-income seniors $500 billion modest improvement

means test benefits

immigration reforms (including surcharges on immigrant visas) $115 billion modest improvement
TOTAL <$5 trillion >100%


Here is more about the Third Way plan which includes private accounts.

Third Way's new Social Security Plan

The plan also calls for creating optional private retirement accounts for those in the workforce and under 30; it dedicates $8 billion per year to these accounts, with funds being raised by an increase in the Estate Tax.

....In an op-ed in Politico, the authors of the plan - Jim Kessler and David Kendall - explain the reasoning behind some of their proposals and offer very interesting insight, particularly in regards to the widely-held view that any Social Security reform that touches benefits is completely unacceptable. They also make several interesting observations about the idea of Social Security reform that is solely revenue-based. If you look at Social Security in isolation, maintaining its solvency through only increased revenue is theoretically possible. However, that view is unrealistic; Social Security needs to be viewed in the context of all federal government priorities. Viewed in this light, is maintaining the current level of promised Social Security benefits the very best use of increased taxes? You can only raise so much additional revenue, and funneling all of it into Social Security hinders the governmentís ability to adequately fund other important priorities. This is why the authors maintain that Social Security reform must alter the trajectory of the programís growth rather than simply financing it, and why the plan makes $2 in benefit cuts for every $1 it raises in revenue. As Mr. Kessler and Mr. Kendall state in their op-ed:

"It would be reckless to allow Social Security to take up the entire pool of what is potentially available to deal with the retirement of the baby boom generation...Social Security is one of the greatest liberal achievements. But many groups on the left have drawn a line in the sand that could doom it or set the nation on a course to fiscal ruins. Putting the weight of his Nobel Prize in economics behind this anti-reform coalition, New York Times columnist and Princeton professor Paul Krugman calls the Social Security crisis "invented" by "Social Security attackers" using "bad-faith accounting". Americans can be thankful that progressives such as Sen. Dick Durbin (D-Ill.) and Robert Greenstein of the Center for Budget and Policy Priorities have weighed in behind other serious approaches that include benefit cuts."


I HAVE drawn that line in the sand.




37 replies, 2994 views

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Arrow 37 replies Author Time Post
Reply Guess what? Chained CPI is the bright idea of Third Way, the Dem "policy shop". (Original post)
madfloridian Dec 2012 OP
JaneyVee Dec 2012 #1
madfloridian Dec 2012 #4
jsr Dec 2012 #14
HiPointDem Dec 2012 #18
woo me with science Dec 2012 #2
madfloridian Dec 2012 #3
AnotherMcIntosh Dec 2012 #26
madfloridian Dec 2012 #5
madfloridian Dec 2012 #6
woo me with science Dec 2012 #7
madfloridian Dec 2012 #8
Zorra Dec 2012 #10
jsr Dec 2012 #15
madfloridian Dec 2012 #16
Zorra Dec 2012 #9
octoberlib Dec 2012 #11
Tierra_y_Libertad Dec 2012 #12
HiPointDem Dec 2012 #13
Mc Mike Dec 2012 #17
madfloridian Dec 2012 #22
Mc Mike Dec 2012 #27
madfloridian Dec 2012 #28
Mc Mike Dec 2012 #29
madfloridian Dec 2012 #31
Mc Mike Dec 2012 #34
reformist2 Dec 2012 #19
Melinda Dec 2012 #20
hootinholler Dec 2012 #21
woo me with science Dec 2012 #23
woo me with science Dec 2012 #24
Hell Hath No Fury Dec 2012 #25
hobbit709 Dec 2012 #30
DirkGently Dec 2012 #32
Octafish Dec 2012 #33
madfloridian Dec 2012 #37
NashvilleLefty Dec 2012 #35
madfloridian Dec 2012 #36

Response to madfloridian (Original post)

Tue Dec 18, 2012, 01:52 PM

1. Not surprising since most of the Third Way board members are wealthy banksters.

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Response to JaneyVee (Reply #1)

Tue Dec 18, 2012, 03:17 PM

4. The president of that group wrote an essay in the 90s to privatize SS

http://journals.democraticunderground.com/madfloridian/7829

They seem clueless about real people. Yes, they set out to cater to the wealthy.

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Response to madfloridian (Reply #4)

Wed Dec 19, 2012, 02:17 AM

14. Yes. This is important.

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Response to madfloridian (Reply #4)

Wed Dec 19, 2012, 09:02 AM

18. +1

 

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 01:57 PM

2. Of course it is.

And Dick Durbin is arguing FOR a chained CPI, not against it. He tries to appear as an advocate for the vulnerable by saying that its use should be exempted for Social Security benefits, but he wants to let this scam take hold in our government and affect other vulnerable groups: http://www.democraticunderground.com/10022020805#post7

A chained CPI affects many other programs and vulnerable groups apart from Social Security recipients. By advocating its use at all, Durbin is saying,

Fuck the disabled. Fuck veterans. Fuck federal retirees.

What a disgusting charade from self-described "Democrats."

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Response to woo me with science (Reply #2)

Tue Dec 18, 2012, 02:09 PM

3. Upset with Durbin since he was on Bowles Simpson commission.

I think they took him to the dark side on entitlements.

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Response to woo me with science (Reply #2)

Wed Dec 19, 2012, 06:58 PM

26. Dick Durbin used to be a liberal, or maybe he just faked it better and longer than the others.

 

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 05:51 PM

5. Jay Carney said it is something the Republicans wanted.

May be true, but definitely part of the 3rd way plans for the Democrats.

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 11:03 PM

6. Not a Republican idea only...pushed by "centrist" Democrats.

There is no need for doing this to seniors.

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Response to madfloridian (Original post)

Tue Dec 18, 2012, 11:49 PM

7. Kick.

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Response to woo me with science (Reply #7)

Wed Dec 19, 2012, 12:24 AM

8. Thanks for the kick.

Things really move faster here, so fast posts disappear in minutes.

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Response to madfloridian (Reply #8)

Wed Dec 19, 2012, 01:31 AM

10. Hint: Especially posts that expose the Third Way.

It's a variation of a form of internet propaganda known as forum sliding.

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Response to madfloridian (Reply #8)

Wed Dec 19, 2012, 02:20 AM

15. You really should read this:

http://www.picassodreams.com/picasso_dreams/2011/04/cointelpro-techniques-for-dilution-misdirection-and-control-of-an-internet-forum.html

Technique #1 - 'FORUM SLIDING'

If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositined postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items.

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Response to jsr (Reply #15)

Wed Dec 19, 2012, 02:24 AM

16. Naive me. Never thought of anything like that happening.

Think I will read that whole link.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 01:27 AM

9. Shocking! Not. K&R nt

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 01:34 AM

11. K&R!

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 02:15 AM

12. Gosh, I remember when the Democratic Party was regarded as "The Party of the People".

And, did goofy left fringe things like bring in and defend Social Security. Then Clinton and the DLC came along and "fixed" the party and taught us how to forget inconvenient things like principles. Now we have the 3rd Way to help us even more.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 02:17 AM

13. ooh, those wacky dems!

 

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 09:00 AM

17. Kochs help fund Third Way, maybe? nt

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Response to Mc Mike (Reply #17)

Wed Dec 19, 2012, 11:50 AM

22. I know the Heritage Foundation funded it, looking up now for the others.

I have it somewhere.

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Response to madfloridian (Reply #22)

Thu Dec 20, 2012, 09:15 AM

27. I tried, could only get some David Koch refs.

Nothing succinct and unimpeachable, like sources linking Kochs and DLC.

Thanks for the Heritage info. So many far-right ies, with so much money and time, and so much hatred for American Democracy and the American public. This 'big tent' stuff can be a drawback, when they're inside the tent, but not peeing out.

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Response to Mc Mike (Reply #27)

Fri Dec 21, 2012, 01:09 PM

28. I found this post from the DU archives 2004. Quite a bit of info on funders of DLC

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Response to madfloridian (Reply #28)

Sat Dec 22, 2012, 07:52 AM

29. Just speculated Koch funding reflexively,

as an easy way to find a bad entity to hang the third way mess on.

Sourcewatch has stuff on Third Way Foundation funding, and funding for the laughably named 'Progressive Policy Institute'.

http://www.sourcewatch.org/index.php/Third_Way_Foundation

It lists some usual suspect foundations, Olin, Bradley. Some oil companies, Occidental, Chevron, Amoco. Some chem companies, DuPont, Dow. Defense companies, banks, insurance comps. The Kochs' Georgia-Pacific is listed on the old (up to 1999) Progressive Foundation's corporate funder list.

Al From, from your post 28 link, is still listed as Chair, but the stub article is 4 years old.

Thanks for the DU link. I often forget to look in here first, and instead go outside to get substantiating info. I'm glad you posted the excerpt snips in '04, because the progressive and prospect articles went down the internet memory hole.

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Response to Mc Mike (Reply #29)

Sat Dec 22, 2012, 02:38 PM

31. To find them you almost have to know who wrote them.

If you do a search on my username, on Eloriel, on heddafoil...will let you know if I think of others. Then some old posts show up. Oh, the PPI...way too obvious.

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Response to madfloridian (Reply #31)

Sun Dec 23, 2012, 05:07 PM

34. Seems almost like the g-sponsored site search has a randomizer function in it.

Else why aren't the results in temporal order, old - new or n - o?

Got one from E on Bradley Foundation, by looking for 'Eloriel Koch'.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=2388291&mesg_id=2388297

Some working Inst. for Pol Studies rightweb links on it.

Thanks for the tip on E and H_F.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 09:06 AM

19. Evil.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 09:29 AM

20. Of course it is. Public policy, political philosophy plutocrats cloaked as 'think tanks'

What slays me is that they get away with calling themselves a 'progressive' organization.

Raygun would be proud.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 09:33 AM

21. It's spelled the Turd Way n/t

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 12:50 PM

23. Kick.

Always important to keep a view of the forest, and not just the trees.

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 06:19 PM

24. Kick to remind how we got here. nt

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Response to madfloridian (Original post)

Wed Dec 19, 2012, 06:44 PM

25. K&R

Because some of the Noobs have NO idea about how evil the Third Way "Dems" are and how bent they are on shoving their heads up Big Business' asses as far as they can.

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Response to madfloridian (Original post)

Sat Dec 22, 2012, 07:53 AM

30. the Turd Way strikes again.

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Response to madfloridian (Original post)

Sat Dec 22, 2012, 02:59 PM

32. Yet we are supposed to imagine when a Dem proposes it, "He didn't mean it."

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Response to madfloridian (Original post)

Sat Dec 22, 2012, 04:15 PM

33. Hunh! They're the job creators, madfloridian.

As soon as the Senator, Representative, Secretary or President needs one upon leaving office. For the rest of us, not so much.

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Response to Octafish (Reply #33)

Thu Dec 27, 2012, 12:52 AM

37. That is very true, Octafish.

They are the job creators. They don't seem to want to create jobs until they get everything they want.

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Response to madfloridian (Original post)

Sun Dec 23, 2012, 05:41 PM

35. Uh, no. Please Google 1996 Boskin Commission.

Although, several Progressive Think Tanks support it.

Personally, I prefer removing benefits for the wealthy and eliminating the Cap. But those may not be politically feasible AT THIS TIME. Here is an excellent article from Salon over why the Chained CPI is a bad idea, and why we may have to embrace it, anyway.

http://www.salon.com/2012/12/19/the_progressive_case_for_the_chained_cpi/

BUT it was NOT the "idea of the Third Way". It's been around for a long, long time.

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Response to NashvilleLefty (Reply #35)

Thu Dec 27, 2012, 12:45 AM

36. Well, in their posted plan they take credit for it.

But you are probably right....all of these policies took root long ago.

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