Skip to main content

View Diary: If I had a nickel every time I read a story of Obama cutting Social Security.... (375 comments)

Comment Preferences

  •  No it is accountability (6+ / 0-)

    If Democrats pass the bill, Democrats deserve 100% of the blame.  They own it.  The cuts are their cuts.  They need to be held accountable, at the polls, up and down the ballot.  They need to be thrown out of office.  

    Republicans are worse?  Who knows.  All I know is that the party IN OFFICE needs to be held responsible and Americans need to keep voting parties out of office until we get one that serves us.  

    Don't come to me with this Republicans are worse stuff when you are willing to accept the VERY WORST THING the Democrats could do which is to cut the heart out of the signature programs of the Democratic Party.

    Democrats who won't defend Social Security or Medicare can't be trusted to do anything else.  I mean you think they are going to defend civil liberties or make war on poverty!  HA!

    •  Then this may be the wrong site for you, after all (3+ / 0-)
      Recommended by:
      emelyn, virginislandsguy, FiredUpInCA
      Republicans are worse?  Who knows.
      If you do not know that, I wonder what you do here. Also I wonder about the level of your knowledge in politics.

      He who can make you believe absurdities, can make you commit atrocities.

      by Sophie Amrain on Sun Jan 13, 2013 at 11:50:45 AM PST

      [ Parent ]

    •  Overbearing and weak on substance. (3+ / 0-)
      the VERY WORST THING the Democrats could do which is to cut the heart out of the signature programs of the Democratic Party
      If that is the description of the chained CPI, it is seriously overhyped. The more you exxagerate, the less you will be taken seriously.

      He who can make you believe absurdities, can make you commit atrocities.

      by Sophie Amrain on Sun Jan 13, 2013 at 11:53:07 AM PST

      [ Parent ]

      •  Is it really? (3+ / 0-)

        The Chained CPI is designed to slowly reduce Social Security benefits till they become only a token of what they once were.  It is a slower death then Ryan proposes, but it is more deceitful and insidious.  It's a sneaking tricky cheating con.  It is meant to be a sneaking, tricky cheating con.  Democrats don't want to say they are cutting Social Security benefits, they want to cut them in such a way that like a bad mortgage deal you don't feel the pain until it is too late.  

        I despise the tactic as much as the cut itself.  It is unworthy of the party and the party should be ashamed of suggesting it.

        •  No (1+ / 0-)
          Recommended by:
          worldlotus

          It's designed to reduce the rate of INCREASE. Not the amount of the benefit now, but the amount it will be INCREASED in the future.

          It isn't a cut. It doesn't change how your initial amount is calculated. It only changes the amount it INCREASES from one year to the next.

          If you're going to argue about it, you can at least argue about what it IS, and not what you THINK it is.

          •  Ugh (0+ / 0-)

            Chained CPI is a lower increase than inflation.

            Inflation is not only a cumulative effect but it is a compounding effect not in any way different than the mathematical mechanics of compound interest.

            If the COLA based on Chained CPI is ALWAYS lower than inflation in each and every year then by the laws of mathematics you will eventually end up with an SS benefit that will not be enough to buy a single item in any store.

            Long before you get to that, however, people receiving SS would already have been able to afford to live even in poverty. They would have sacrificed medicine and health care and then shelter and then finally food until they starved to death or died of exposure somewhere.

            If seniors in the future cannot afford the basket of items they can afford today they will have to make those choices. Their children will start off in SS not in the same place their parents started but already that far behind the eight ball. And as far as their grandchildren are concerned we might as well not even have SS if we use Chained CPI because they will start off on the streets begging for food.

            Mathematics isn't a theory. There is no way under Chained CPI where COLA is always less than inflation to produce anything less than a worse than poverty outcome.

            If the difference between COLA and inflation is just 1% then in 72 years seniors then will only be able to afford half of what seniors today can afford. If the difference is just 2% it comes down to 36 years to have those future seniors only be able to afford half of what seniors today can afford. At 3% its 24 just years to that point.

            Since wages are also not increasing as fast as inflation there is no possible way to save enough to offset the loss due to chained CPI.

            So, Chained CPI is absolutely a cut. Its just a cut you won't notice until you retire or more likely, in this day and age, nobody will hire you at your advanced age. At that point the "Its not a cut, just a smaller increase" Chicken comes home to roost.

    •  greenbell, arent you a libertarian who advocated (1+ / 0-)
      Recommended by:
      amsterdam

      for NOT voting for Obama in the last election...?

      "You've got to be an optimist to be a Democrat, and a humorist to stay one" - Will Rogers

      by KnotIookin on Sun Jan 13, 2013 at 12:44:24 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (150)
  • Community (65)
  • Elections (43)
  • Civil Rights (38)
  • Culture (32)
  • 2016 (32)
  • Baltimore (28)
  • Economy (27)
  • Texas (27)
  • Law (27)
  • Bernie Sanders (26)
  • Environment (26)
  • Hillary Clinton (24)
  • Labor (23)
  • Rescued (21)
  • Health Care (21)
  • Barack Obama (20)
  • Republicans (18)
  • International (18)
  • Freddie Gray (17)
  • Click here for the mobile view of the site