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View Diary: Thirsting for an answer (85 comments)

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  •  Social Security & Medicare (0+ / 0-)

    Biden Keeps Door Open for Cuts

    The language continues to be weaselly but the implication is clear. The Obama team is open to cuts, like reduced benefits and raising the retirement age. Their only red line is privatization.

    Democrats had the option to make this election a clear choice between them pledging to fully protecting these very popular programs and the Republican plan to voucherize them. Democrats have not done that.

    Instead, they have made it a choice between a Democratic candidate who is very open to “modestly” cutting these programs and a Republican candidate who wants to privatize them. The Obama team seems to be banking on the fact that merely being less terrible on Social Security will be good enough.

    Obama/Biden Tweaks
    It is a scandal of modern American politics that a vital program presently needing no change at all, as far as solvency goes, is widely believed to be on a path to bankruptcy. The program's unappreciated health can be verified by reference to the most recent annual report of the Social Security Trustees. If you trouble to look at Table VI.F4 you can see the cash shortfall in the program over the next 75 years is never more than 1.6 percent of GDP. There is no program deficit until 2033. How much is 1.6 percent of GDP?
    Jon Schwarz:
    Who won the debate? Billionaires, when Martha Raddatz said SS & Medicare are going bankrupt, and Biden didn't argue
    That moment is when I knew the bird is ready for carving.
    •  I don't think we'll see anything dramatic (0+ / 0-)

      COL, Payroll addressed, and some Tax changes

      Then again, I honestly don't see anything getting done in the next year other than addressing the fiscal cliff.

      --Enlighten the people, generally, and tyranny and oppressions of body and mind will vanish like spirits at the dawn of day. - Thomas Jefferson--

      by idbecrazyif on Fri Oct 12, 2012 at 09:27:24 AM PDT

      [ Parent ]

      •  Don't be surprized! (0+ / 0-)

        The scripted debate only rules out "slashes and privatization."  All the "tweaks" are on the table.  Worthless DINO's!  Wall Street rules.

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