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Thu Nov 29, 2012, 09:57 AM

The Real Problem with Simpson and Bowles

http://www.esquire.com/blogs/politics/simpson-bowles-commission-problem-112812#ixzz2DcZ1bXH0

"For example, the nation's tattered social safety net is in as much danger from the two of them as it is from the outright zombie-eyed granny-starver, Paul Ryan, who personally walked away from the Simpson-Bowles "plan" because not enough grannies were being starved. Bowles just wants to hand the entire social insurance system over to his financial masters."

http://www.thenation.com/blog/171513/sorry-erskine-america-rejected-simpson-bowles#

""Simpson-Bowles is terrible," argues Krugman, a Nobel Prize winner for his economic scholarship. "It mucks around with taxes, but is obsessed with lowering marginal rates despite a complete absence of evidence that this is important. It offers nothing on Medicare that isnít already in the Affordable Care Act. And it raises the Social Security retirement age because life expectancy has risen ó completely ignoring the fact that life expectancy has only gone up for the well-off and well-educated, while stagnating or even declining among the people who need the program most."

Comments are to say the least....interesting.

2 replies, 621 views

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Reply The Real Problem with Simpson and Bowles (Original post)
pipewrench Nov 2012 OP
Tutonic Nov 2012 #1
zipplewrath Nov 2012 #2

Response to pipewrench (Original post)

Thu Nov 29, 2012, 10:02 AM

1. Public will not back a program that will raise retirement age.

If Mitt Romney and Jack Welch want to fleece third world nations until they're petrified, so be it. But most Americans cannot afford to work another two or three years. Dems need to steer clear of this issue.

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Response to pipewrench (Original post)

Thu Nov 29, 2012, 10:25 AM

2. Geithner disagrees with Krugman

And we are all worse off for it.

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