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View Diary: Dick Durbin's new Social Security reform commission (Social Security Defenders blogathon) (205 comments)

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  •  You can't over estimate how awful it could be (25+ / 0-)

    We aren't in the same environment we had in the '80s when there were still some very liberal Senators.  I do not trust Democrats on this at all.  If they tear into Social Security they could totally destroy it and revisit it every 10 years?  I mean we don't even do that with the now permanent Bush tax cuts.

    •  gb, negotiations for a 'tax overhaul' are underway (3+ / 0-)
      Recommended by:
      joanneleon, aliasalias, lostinamerica

      now, to be completed by the end of July (the Administration's target date).

      The 'big production' or Kabuki Theater over the Bush tax cuts (since the tax overhaul being negotiated will literally 'slash' the marginal tax rates for both the wealthy and corporations--see Bowles-Simpson's The Moment Of Truth, Section II, Tax Reform, Page 28) was for one simple reason:

      I read several years ago that Democrats 'focus tested' the word 'balance.'  Their marketing or PR folks apparently believe that their base (and most folks) will go along with slashing entitlements and having their federal income taxes raised, IF folks believe that it is being done in a "balanced, or fair" manner.

      In other words, that 'everyone' has some skin in the game.

      The entire 'dog and pony show,' about raising taxes to 39.6%, that we witnessed prior to the election, was to convince folks that indeed 'the wealthy' were willing to sacrifice--so we all should be willing to follow suit.

      Remember, as soon as the election was over, talk of austerity and fiscal crisis began again, and both parties began working on a tax overhaul that will now drastically lower the marginal tax rates for everyone (by closing loopholes), but especially the rates of the wealthy.

      Their [the PtB] hope is that the Americanhem to implement austerity measures, without so much as a wimper.  

      That's my read on events.  Nothing else makes sense, once you read the Fiscal Commission's recommendations (and those of the Gang of Six/Eight).

      Mollie

      "Only he who can see the invisible, can do the impossible."-- Frank L. Gaines


      hiddennplainsight

      by musiccitymollie on Tue Mar 26, 2013 at 12:03:35 PM PDT

      [ Parent ]

      •  According to Dean Baker, the "cut" that seniors, (4+ / 0-)

        veterans and the disabled will be asked to take, is 3 times more, relative to the amount of money 'the wealthy' were asked to pay in additional taxes.

        He gives this analogy at a forum that I watched on C-Span.  Maybe someone will want to ask him to expand on this on Friday (if he's here for 'live chat.')

        Here's a link to Dean Baker's diary from FDL on that same topic.  And here's an excerpt from it.

        President Obama Wants to Give a Bigger Hit to Seniors on Social Security than He Did to the Wealthy on Taxes

        . . . For the typical retiree, Social Security benefits are close to two-thirds of their income. This means that the use of the chained CPI would amount to a hit to their income of approximately 2.0 percent (two-thirds of 3.0 percent). . . .

        This means that the Obama tax increase would reduce their after tax income by a bit less than 0.7 percent.

        This means that the hit to Social Security beneficiaries from the chained CPI will be around three times as large as the hit to the typical affluent taxpayer from the Obama tax increase.

        Mollie

        "Only he who can see the invisible, can do the impossible."-- Frank L. Gaines


        hiddennplainsight

        by musiccitymollie on Tue Mar 26, 2013 at 12:19:46 PM PDT

        [ Parent ]

      •  The better focus group words like (2+ / 0-)
        Recommended by:
        musiccitymollie, lostinamerica

        betrayal, traitor, swindle, con...

      •  Sorry. What a 'typo,' yikes! (1+ / 0-)
        Recommended by:
        joanneleon

        "Their [the PtB] hope is that the Americanhem to implement austerity measures, without so much as a wimper," should have been:

        Their [the PtB] hope is that the American People will react as 'sheeples,' and accept the passage and implementation of austerity measures without so much as a whimper.

        Mollie

        "Only he who can see the invisible, can do the impossible."-- Frank L. Gaines


        hiddennplainsight

        by musiccitymollie on Tue Mar 26, 2013 at 01:35:32 PM PDT

        [ Parent ]

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