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View Diary: "Entitlement Reforms" That Progressives Can Support (113 comments)

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  •  Donut Hole is Obama/Biden 2008 (0+ / 0-)

    Obama hamstrung himself by a blanket promise not to raise taxes on people making less than $250k and then freely decided that HAD to apply to the SS cap as well which led to the logically absurd proposal to create the donut hole.

    Since by all evidence the $250k number itself was just drawn out of a hat this was just a self inflicted wound and one that took an approach that would backfill the entire actuarial gap (simple cap increase) to one that would only backfill a portion and so require additional "superlative" "common sense" "shared sacrifice" measures like Chained-Catfood.

    I would like to support Obama but his self appraisal of "smartest guy in the room" too often translates to "too smart by half". And the SS donut hole is a perfect example. - SocSec.Defender at - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

    by Bruce Webb on Fri Mar 08, 2013 at 07:10:00 AM PST

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