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Showing Original Post only (View all)I Think I'm Gonna Throw Up Now... [View all]
Obama Hits Social Security In Fiscal Cliff Offer Friendlier To The WealthyRyan Grim - HuffPo
Posted: 12/18/2012 12:49 am EST | Updated: 12/18/2012 8:19 am EST
<snip>
WASHINGTON -- President Barack Obama, with his latest fiscal cliff offer, proposes extending the Bush tax cuts for everyone earning less than $400,000 a year, and paying for it by increasing taxes on the middle class and cutting Social Security and Medicare.
Obama's offer would allow the payroll tax holiday to expire, meaning middle class workers will see smaller paychecks in 2013. Economists have warned that the recovery is too fragile to risk a broad tax hike on workers. It would also gradually reduce Social Security, pension and Medicare benefits seniors are due to receive, taking a small bite up front, but building up to much larger cuts over time.
Obama's concession to Republicans is opposed by a majority of Americans, according to a HuffPost/YouGov poll. Fifty-two percent of survey respondents said the payroll tax cut should be extended to avoid raising taxes on the middle class, while 22 percent said that it should be allowed to expire to help pay down the debt. Extending the payroll tax cut received bipartisan support: 64 percent of Democrats and 57 percent of Republicans in the survey said they supported the extension.
MoveOn.org, the largest online progressive organization in Washington, reacted angrily Monday night to reports that Obama was softening. The group's quick reaction to a possible deal that has yet to be announced publicly shows there will be fierce opposition to cuts that hit Social Security, Medicare or Medicaid beneficiaries.
One top GOP aide predicted a deal, within the next day, that House Republicans would have no choice but to accept. A second said that many details still needed to be filled in, and that the president was dug in at $1.2 trillion in revenue, more than Republicans wanted.
<snip>
Link: http://www.huffingtonpost.com/2012/12/18/obama-social-security-fiscal-cliff_n_2319850.html
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If you have a problem with preemptive capitulation then why did you vote Democratic?
Fumesucker
Dec 2012
#2
Harry Reid and the Whitehouse. You can quit trying to pretend that this isn't real now. n/t
Dawgs
Dec 2012
#8
Neither of whom were quoted here. If they've made a statement in the past few hours,
gkhouston
Dec 2012
#42
Well, if they are going to let the payroll tax cut expire which largely benefits
WI_DEM
Dec 2012
#11
i'm DONE with politics, and i will NEVER cast another vote in ANY election in this country.
Mel Content
Dec 2012
#13
now they don't even have to name the source; just feed off of the other weak reports
bigtree
Dec 2012
#20
Make no mistake about it "Chained CPI" is nothing but continuous cuts to social security.
Uncle Joe
Dec 2012
#25
A top GOP aide? When it's confirmed I'll freak out but now, all I can do is hope and pray.
raouldukelives
Dec 2012
#31
I know what chained CPI is. Like I said, any tinkering aside from increasing benefits. I'm done. nt
raouldukelives
Dec 2012
#44
When you see it on paper, it's too late, now is the time to make our voices heard,
Uncle Joe
Dec 2012
#36
***MORE WARN OUT BULLSH!T**** Obama has 4 arms, ...cause I read it in an article
uponit7771
Dec 2012
#33
I notice the Obama-the Zenmaster-is-actually-kicking-Boehner's-butt crowd is MIA now
BlueStreak
Dec 2012
#37
or we don't feel like arguing with trolls on a message board when they are having their fun
dionysus
Dec 2012
#51
You could call them the Whiners. Why not give Ralph Nader a call, and start a new chat board
graham4anything
Dec 2012
#52