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View Diary: Fiscal cliff discussions break down after Republicans demand Social Security cuts (249 comments)

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  •  For clarification to a commenter, I should add the (0+ / 0-)

    rest of Senator Feinstein's comments which clearly show that she agreed with Senator Graham.

    Here's the continuation of their conversation:

    FEINSTEIN: That you do it in a way that it is way in the future so that long term, the programs are essentially changed and more constricted. Now, that's not entirely popular on my side. But, it's realistic, I think.

    I think, you know, this is a very hard time for people.

    GRAHAM: Yes.

    FEINSTEIN: And, we need to get by this and have a robust economy again, and it can happen, I'm convinced. If we solve this and move down, you can do those things that enable the programs to be solvent on an extended basis, without impacting people directly now.

    Now, Feinstein doesn't add the usual Republican statement that they would exclude seniors age 55 and older (neither did Graham).  

    But when you read The Moment of Truth, you'll see that President Obama's Commission did not exempt this age group.

    As I already mentioned earlier, "means-testing" is slated to begin in 2017.  Clearly, that does not exempt very many seniors under the age of 65.  [Some of the proposals written stating that those individuals retiring AFTER January 1, 1951.]

    Basically, that would mean all but the "Boomers"  born in the first five years of that age cohort would be included.

    IOW, ONLY approximately 27-28% of the "Baby Boom" generation will be spared two of the three draconian cuts.
    Remember:  Chained (Superlative) CPI will apply to current and future retirees.
    This should clarify Feinstein's agreement with Graham.

    Here's thelink to The Moment of Truth.

    Here's the link to the Fox News Sunday transcript.l

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