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Junkdrawer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-20-10 06:17 PM
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Obama today agreed to create the Social Security Commission....
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White House, Democratic lawmakers cut deal on deficit commission

Faced with growing alarm over the nation's soaring debt, the White House and congressional Democrats tentatively agreed Tuesday to create an independent budget commission and to put its recommendations for fiscal solvency to a vote in Congress by the end of this year.

Under the agreement, President Obama would issue an executive order to create an 18-member panel that would be granted broad authority to propose changes in the tax code and in the massive federal entitlement programs -- including Medicare, Medicaid and Social Security -- that threaten to drive the nation's debt to levels not seen since World War II.

The accord comes a week before Obama is scheduled to deliver his first State of the Union address to a nation increasingly concerned about his stewardship of the economy and the federal budget. After a year in which he advocated spending hundreds of billions of dollars on a huge economic stimulus package and a far-reaching overhaul of the health-care system, Obama has pledged to redouble his effort to rein in record budget deficits even as he has come under withering Republican attack.

The commission would deliver its recommendations after this fall's congressional elections, postponing potentially painful decisions about the nation's fiscal future until after Democrats face the voters. But if the commission approves a deficit-reduction plan, Congress would have to act on it quickly under the agreement, forged late Tuesday in a meeting with Vice President Biden, White House budget director Peter R. Orszag, and Democratic lawmakers led by Senate Majority Leader Harry M. Reid (Nev.), House Speaker Nancy Pelosi (D-Calif.) and House Majority Leader Steny H. Hoyer (Md.).


For more, see:

Social Security in America is about to become extinct.
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  -Obama today agreed to create the Social Security Commission.... Junkdrawer  Jan-20-10 06:17 PM   #0 
  - Going Into Overdrive So He Can FInish Off The Middle Class  MannyGoldstein   Jan-20-10 06:18 PM   #1 
  - Minor variation. The commission's findings is to be voted on by the next lame duck congress...  Junkdrawer   Jan-20-10 06:21 PM   #4 
  - +10000  amborin   Jan-20-10 07:15 PM   #23 
  - Probably worse than what you think it is. I don't trust him on this AT ALL.  SammyWinstonJack   Jan-20-10 07:17 PM   #24 
     - Of course not. Blazing policy that would have been mass protested under a Repuke  jonathon   Jan-20-10 08:00 PM   #47 
        - I suspect there will be mass protest if Obama thinks he gonna pull this off.  SammyWinstonJack   Jan-20-10 08:04 PM   #49 
        - What? And risk having foundations cut off funding for groups/individuals who might object?  Better Believe It   Jan-21-10 01:39 PM   #93 
        - only nixon could go to china  tiny elvis   Jan-22-10 01:23 AM   #119 
  - Deleted message  Name removed   Jan-20-10 06:20 PM   #2 
  - Be pretty ironic if he ended up doing what we were afraid the repukes were going to do.  timeforpeace   Jan-20-10 06:20 PM   #3 
  - ...but bracing. Maybe we won't be fooled so easily next time.  librechik   Jan-21-10 01:42 PM   #96 
     - He is a hunk...  StarryNite   Jan-21-10 03:23 PM   #108 
        - you got that right!  librechik   Jan-21-10 03:29 PM   #109 
  - What Reagan, Bush, and Bush could not do....  rfranklin   Jan-20-10 06:21 PM   #5 
  - Reagan raised the payroll tax to keep it solvent.  hollowdweller   Jan-20-10 08:21 PM   #57 
     - Not likely at all. I don't trust him to do anything but give what's left of it to Wall Street.  SammyWinstonJack   Jan-20-10 08:39 PM   #61 
     - uh, no, he DIDN'T. He raised the payroll tax to generate 30 years of rising surpluses, so that  Hannah Bell   Jan-20-10 09:50 PM   #75 
     - Well Yeah That's how it turned out for sure  hollowdweller   Jan-20-10 10:41 PM   #77 
     - If mere solvency had been the goal, lower rate increases in line with historical  Hannah Bell   Jan-21-10 02:37 AM   #80 
     - +infinity. nt  glitch   Jan-21-10 12:53 PM   #87 
     - You have a way of cutting to the chase. Thanks. n/t  truedelphi   Jan-21-10 05:51 PM   #115 
     - He also increased the retirement age which cut benefits! Forget about that?  Better Believe It   Jan-21-10 01:40 PM   #94 
  - We elected Democrats to end SS. --I wonder about the Political  OHdem10   Jan-20-10 06:21 PM   #6 
  - We really need to keep on top of this!  Alameda   Jan-20-10 06:21 PM   #7 
  - I found it with a Google....  Junkdrawer   Jan-20-10 06:23 PM   #9 
  - Wow  Nite Owl   Jan-20-10 06:22 PM   #8 
  - The only words that come to mind are these: "What fresh hell is this?"  scarletwoman   Jan-20-10 06:25 PM   #10 
  - what fresh hell indeed..  mdmc   Jan-20-10 06:28 PM   #14 
  - Deleted message  Name removed   Jan-20-10 06:28 PM   #15 
  - executing the administration over a panel? over-react much?  dionysus   Jan-20-10 08:08 PM   #51 
     - Uh huh. Well, we've heard all this before in the HCR debate  laughingliberal   Jan-21-10 01:42 PM   #95 
  - I'm glad I decided to take my SS early  Blue_In_AK   Jan-20-10 06:29 PM   # 
  - I'm glad for you! I don't dare. I'll have to keep working for 10 more years (if I can) if I want to  scarletwoman   Jan-20-10 06:41 PM   #20 
     - I'm so sorry, SW.  Blue_In_AK   Jan-21-10 12:36 AM   #79 
        - Nah, nothing to be sorry about. I wouldn't change a thing about how I lived my life.  scarletwoman   Jan-21-10 05:35 PM   #114 
  - A variation on the Conrad/Judd "Don't spend the Trust Fund" nonsense...  Junkdrawer   Jan-20-10 06:31 PM   #18 
  - Why don't they just say "austerity program" and call it what it is?  rockymountaindem   Jan-20-10 06:26 PM   #11 
  - Here we go. "Entitlement reform"  Smashcut   Jan-20-10 06:27 PM   #12 
  - And the hits just keep on comin'  jgraz   Jan-20-10 06:27 PM   #13 
  - You KNEW that this would be done while everyone was distracted....  Junkdrawer   Jan-20-10 06:53 PM   #21 
  - I don't suppose it crossed any of the brilliant minds of the Ruling Class that we could save  scarletwoman   Jan-20-10 06:29 PM   #16 
  - Well, ya gotta spend money to make money.....  blindpig   Jan-22-10 07:02 AM   #127 
  - That ought to wake up the sheep.  bemildred   Jan-20-10 06:29 PM   #17 
  - Harry Reid stood up to Bush  Enrique   Jan-20-10 06:33 PM   #19 
  - Oh dear god. nt  tbyg52   Jan-20-10 07:00 PM   #22 
  - Pissed beyond words!  SammyWinstonJack   Jan-20-10 07:21 PM   #25 
  - As long as excess FICA taxes funded the deficits, it was "Everything's Fine!"....  Junkdrawer   Jan-20-10 07:24 PM   #26 
     - Exactly! Rotten rat bastards!  SammyWinstonJack   Jan-20-10 07:27 PM   #30 
  - Will the commision release its prposal before Nov?  TxRider   Jan-20-10 07:25 PM   #27 
  - After the elections....  Junkdrawer   Jan-20-10 07:27 PM   #29 
     - Sneaky rotten rat bastards!  SammyWinstonJack   Jan-20-10 07:28 PM   #31 
     - How do you really feel... Don't hold back....  Junkdrawer   Jan-20-10 07:30 PM   #32 
        - Yeah it does, especially coming from a 'Democratic' Administration.  SammyWinstonJack   Jan-20-10 07:32 PM   #34 
     - Oh, how convenient.  Ignis   Jan-20-10 08:22 PM   #58 
        - Isn't it though?  SammyWinstonJack   Jan-20-10 08:40 PM   #62 
           - I guess I need to work on my chess game.  Ignis   Jan-20-10 08:47 PM   #69 
  - And what about the massive defense budget?  invictus   Jan-20-10 07:26 PM   #28 
  - FOREVER! Priorities man Priorities and we the people aren't even on their radar.  SammyWinstonJack   Jan-20-10 07:30 PM   #33 
  - Dem voters have been duped big time...  fascisthunter   Jan-20-10 07:33 PM   #35 
  - This is very un-nerving !  blues90   Jan-20-10 07:35 PM   #36 
  - Take away the Trust Fund and you're looking at SS cuts....  Junkdrawer   Jan-20-10 07:39 PM   #39 
  - I'm having trouble calling myself a Democrat after emotionally joining in 1967.  amandabeech   Jan-20-10 07:36 PM   #37 
  - Obama will dump Biden in 2012 replace with Alan Keyes  hollowdweller   Jan-20-10 08:27 PM   #59 
  - Screw you, Barack Obama.  undeterred   Jan-20-10 07:38 PM   #38 
  - +1  Fearless   Jan-20-10 08:15 PM   #54 
  - I didn't vote for Obama or McCain  blues90   Jan-20-10 08:20 PM   #56 
  - That's what he selling now, isn't it?  SammyWinstonJack   Jan-20-10 08:42 PM   #63 
  - I think you'd better start to organize, folks. This is "The Perfect Storm".  Hannah Bell   Jan-20-10 07:40 PM   #40 
  - Remember the "Obama and Pelosi would never do this!" posts on the other thread?  Junkdrawer   Jan-20-10 07:43 PM   #42 
  - Deleted message  Name removed   Jan-20-10 07:48 PM   #43 
     - It's certainly my last straw! Pissed off big time! Have had ENOUGH!  SammyWinstonJack   Jan-20-10 08:01 PM   #48 
        - ...  Hannah Bell   Jan-20-10 08:49 PM   #71 
  - Any suggestions on organizing?  blues90   Jan-20-10 08:10 PM   #52 
  - My wife today asked me what ever became of the Gray Panthers?  Junkdrawer   Jan-20-10 08:14 PM   #53 
  - "organize" = you & your friends do the heavy lifting. Talk to some people you think are likely to  Hannah Bell   Jan-20-10 09:05 PM   #72 
  - AARP: from the link above  Hannah Bell   Jan-20-10 10:24 PM   #76 
  - A Perfect Storm indeed:  Junkdrawer   Jan-21-10 06:19 PM   #116 
     - I was thinking also of the recession & the debt, purposefully jacked up by Bush, which can now be  Hannah Bell   Jan-21-10 11:48 PM   #117 
     - Very, very good article.  Junkdrawer   Jan-22-10 06:32 AM   #126 
     - You forgot to mention that the Supreme Court gives corporations the  JDPriestly   Jan-22-10 02:46 AM   #121 
  - That is not good.  Edweird   Jan-20-10 07:42 PM   #41 
  - Just started reading about this and Peter Peterson  suffragette   Jan-20-10 07:48 PM   #44 
  - Clue: It's the military spending that causes the debt more than anything else. Look at Russia.  L0oniX   Jan-20-10 07:56 PM   #45 
  - A lot more oldsters freezing to death....starving....going without meds.....  Junkdrawer   Jan-20-10 07:59 PM   #46 
  - Deleted message  Name removed   Jan-20-10 08:05 PM   #50 
     - Fine with me , give me a pill . If I lose SS and there are no jobs  blues90   Jan-20-10 08:15 PM   #55 
  - YES, we won the cold war and in another geneartion  Generator   Jan-20-10 08:43 PM   #64 
  - and it's never the rich's money they use  fascisthunter   Jan-21-10 01:08 PM   #91 
  - Strange. We "defeated" Russia by forcing them to spend  JDPriestly   Jan-22-10 02:49 AM   #123 
  - Is this the 'change' I voted for? nt  Obamanaut   Jan-20-10 08:37 PM   #60 
  - If the Democrats don't remove the cap on Social Security  rateyes   Jan-20-10 08:44 PM   #65 
  - hey don't do away with my Soc. Sec. without giving me my money back first  wordpix   Jan-20-10 08:44 PM   #66 
  - +1. Worked for it, only to have it looted, Nice, eh? Lousy bastards.  SammyWinstonJack   Jan-20-10 08:48 PM   #70 
  - knr for later n/t  slipslidingaway   Jan-20-10 08:46 PM   #67 
  - this is Rahm and Zeke's way to raid SS. Medicare "reform" is coming too.  nightrain   Jan-20-10 08:47 PM   #68 
  - WTF.  Little Star   Jan-20-10 09:11 PM   #73 
  - from earlier today  MzNov   Jan-20-10 09:35 PM   #74 
  - Great find Junkdrawer  Oilwellian   Jan-20-10 10:59 PM   #78 
  - +1  Little Star   Jan-21-10 05:55 AM   #82 
  - +1  proudohioan   Jan-21-10 08:09 AM   #86 
  - +1  amborin   Jan-21-10 02:00 PM   #98 
  - Most definitely it IS intentional and part of a larger plan  tom_paine   Jan-21-10 02:40 PM   #102 
  - I wash my hands of this CON ARTIST  ima_sinnic   Jan-21-10 02:54 AM   #81 
  - He's trying to destroy the party  Red Knight   Jan-21-10 07:49 AM   #83 
  - I'll be 62 in 2013 and was counting on filing for my SS before it could be "reformed".  mnhtnbb   Jan-21-10 07:54 AM   #84 
  - Kick  Junkdrawer   Jan-21-10 08:09 AM   #85 
  - What, no cheers? Shift change? Maybe in a talking points meeting.  glitch   Jan-21-10 12:57 PM   #88 
  - There was a brief attempt at a rebuttal thread, but now that even Krugman....  Junkdrawer   Jan-21-10 01:07 PM   #90 
     - Hoping it blows over, huh? It won't.  glitch   Jan-21-10 01:34 PM   #92 
     - Look at the timing....  Junkdrawer   Jan-21-10 02:05 PM   #99 
     - I'm sure they'll come up with some inane talking, er, shouting point  ima_sinnic   Jan-21-10 01:58 PM   #97 
  - How can anyone doubt that Obama is promoting DLC's agenda?  Individualist   Jan-21-10 12:59 PM   #89 
  - Disinformation. It is NOT the "SS Commission". It is a BUDGET DEFICIT  johnaries   Jan-21-10 02:19 PM   #100 
  - You want PAYGO reinstated? Nothing like balancing the budget on the backs of working people  Better Believe It   Jan-21-10 03:13 PM   #106 
  - Once the economy is restored, yes. I don't want to see a return  johnaries   Jan-22-10 02:53 AM   #124 
  - To my mind, including Social Security in a Budget Deficit discussion....  Junkdrawer   Jan-21-10 03:37 PM   #112 
     - Would you rather see SS go bankrupt? Don't assume that the  johnaries   Jan-22-10 02:48 AM   #122 
        - It's far from being bankrupt. That's the old right-wing Wall Street political line which you  Better Believe It   Jan-22-10 10:31 PM   #128 
  - I guess I'm getting what I deserve -- I didn't like obama --  xchrom   Jan-21-10 02:21 PM   #101 
  - Oh, damn.  inna   Jan-21-10 02:48 PM   #103 
  - A wealthy country with money for war but not children & old people?  blueworld   Jan-21-10 03:09 PM   #104 
  - So we're going to CHANGE Social Security?  Bluebear   Jan-21-10 03:10 PM   #105 
  - "granted broad authority to propose changes"?  hughee99   Jan-21-10 03:21 PM   #107 
  - Because, AFAICS, the Commission is promised an up-or-down vote....  Junkdrawer   Jan-21-10 03:33 PM   #110 
     - Ah, transparency at it's finest. n/t  hughee99   Jan-21-10 03:35 PM   #111 
  - Oh, this must be that "turn to the left".  Marr   Jan-21-10 03:41 PM   #113 
  - My bipartisan solution.  MilesColtrane   Jan-22-10 12:52 AM   #118 
  - If benefits are cut, seniors will revolt and form a third party.  JDPriestly   Jan-22-10 02:40 AM   #120 
  - They've robbed the SS trust fund  jeanpalmer   Jan-22-10 03:30 AM   #125 
  - There's only one way I can see Obama now . . .  defendandprotect   Jan-22-10 10:33 PM   #129 

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