HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Obama praises Romney: &qu...

Thu Oct 4, 2012, 10:16 AM

Obama praises Romney: "I suspect that on Social Security we’ve got a somewhat similar position" [View all]

That must mean that Romney won't cut a cent from Social Security Benefits, and only wants to raise the wage cap on which Social Security is paid in order to have higher-income folks pay more.

Or maybe ...

Bowlesing Toward Betrayal - Paul Krugman, 10/2/12

So, is my timing good or not? Right after I warn about the risk that Democrats, including the president, might betray the mandate they seem likely to get for preserving the safety net, we learn that Senate leaders are at work on a plan based around, well, you guessed it:

If those efforts failed, another plan would take effect, probably a close derivative of the proposal by President Obama’s fiscal commission led by Erskine B. Bowles, the Clinton White House chief of staff, and former Senator Alan K. Simpson of Wyoming, a Republican. Those recommendations included changes to Social Security, broad cuts in federal programs and actions that would lower tax rates over all but eliminate or pare enough deductions and credits to yield as much as $2 trillion in additional revenue.

Just to say, this would be politically stupid as well as a betrayal of the electorate. If you don’t think Republicans would turn around and accuse Democrats of cutting Social Security — probably even before the ink was dry — you’ve been living under a rock.


Wake up, folks. The Grand Bargain Express is coming, and the 99% are tied to the tracks. Simpson-Bowles voted for a 22% cut in the average Social Security recipient's lifetime benefit.

And the Social Security "crisis"? It's totally cooked up by assuming that the economy won't ever get better again. If we return to anything near the average economy of the last 70 years, Social Security is fully funded.

56 replies, 3784 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 56 replies Author Time Post
Reply Obama praises Romney: "I suspect that on Social Security we’ve got a somewhat similar position" [View all]
MannyGoldstein Oct 2012 OP
ProSense Oct 2012 #1
MannyGoldstein Oct 2012 #2
ProSense Oct 2012 #4
MannyGoldstein Oct 2012 #10
Marr Oct 2012 #17
HiPointDem Oct 2012 #12
MannyGoldstein Oct 2012 #15
HiPointDem Oct 2012 #18
Sheepshank Oct 2012 #3
socialist_n_TN Oct 2012 #5
jsr Oct 2012 #7
appal_jack Oct 2012 #8
woo me with science Oct 2012 #16
Oilwellian Oct 2012 #37
woo me with science Oct 2012 #38
MannyGoldstein Oct 2012 #40
Art_from_Ark Oct 2012 #45
appal_jack Oct 2012 #55
Poll_Blind Oct 2012 #6
woo me with science Oct 2012 #9
kenny blankenship Oct 2012 #11
hfojvt Oct 2012 #13
MannyGoldstein Oct 2012 #14
HiPointDem Oct 2012 #19
abumbyanyothername Oct 2012 #33
HiPointDem Oct 2012 #35
Occulus Oct 2012 #20
hfojvt Oct 2012 #23
MannyGoldstein Oct 2012 #24
ljm2002 Oct 2012 #22
appal_jack Oct 2012 #48
ljm2002 Oct 2012 #21
tokenlib Oct 2012 #29
wilsonbooks Oct 2012 #39
woo me with science Oct 2012 #25
JoePhilly Oct 2012 #26
stevenleser Oct 2012 #27
Whisp Oct 2012 #28
NCTraveler Oct 2012 #30
BarackTheVote Oct 2012 #31
rudycantfail Oct 2012 #34
woo me with science Oct 2012 #32
lumberjack_jeff Oct 2012 #36
Luminous Animal Oct 2012 #41
Lasher Oct 2012 #42
MannyGoldstein Oct 2012 #43
DURHAM D Oct 2012 #49
tokenlib Oct 2012 #44
woo me with science Oct 2012 #46
woo me with science Oct 2012 #47
woo me with science Oct 2012 #50
Politicalboi Oct 2012 #51
CrispyQ Oct 2012 #52
tokenlib Oct 2012 #53
tokenlib Oct 2012 #54
kentuck Oct 2012 #56