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View Diary: Rand Paul Is Not For the Chained CPI (21 comments)

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  •  Merlin1963, you know that the Dems (0+ / 0-)

    are attempting to 'replace' the sequester with the President's proposed 'Grand Bargain,' which cuts Social Security and Medicare, ostensibly in exchange for tax increases, right?

    If Yarmuth is complaining 'bitterly that the sequestration must end,' and doesn't use the language 'repeal' the sequester, you might want to consider 'running for the hills,' as they say, LOL!

    Seriously, you say:  'However, he is silent on this issue, and I think he does not want to offend Obama on this one.'

    Frankly, I fear that he may be going to support the Administration's 'Grand Bargain,' and he is staying mute on this topic out of fear of 'blowback,' or the threat it might pose to his own 'job security.'  Rightfully so, I would think.  

    If Kentucky is like many southern states, in particular, many constituents there likely have no other retirement benefit (income stream, not necessarily savings) than Social Security (not intended to 'slam' the South or Southerners, BTW.)  Can't remember if Kentucky is a 'right-to-work' state, but I know that a number of southern states are (including neighboring TN), therefore, wages are depressed.  So the implementation of the Chained CPI will hit some regions of the US (non-unionized) especially hard.

    Thanks for this diary and mentioning this topic.  I will also contact his office.  I hope that you continue to try to get him 'on record.'

    To some extent, I suspect his 'lack of a reply,' may just be his answer.  But we can hope not.  ;-)

    Here's an excerpt from, and a link to Yarmuth's official congressional website.  Doesn't sound particularly encouraging to me, because of all the vagueness and 'word parsing.'

    Retirement Security

    As the baby-boom generation reaches retirement, our nation must be ready to address the needs of our seniors. . . .

    One of the biggest challenges facing the country is the long-term solvency of Social Security. . . . According to the Congressional Budget Office, we have enough revenue to pay full Social Security benefits through 2052.

    While this gives Congress time to find a solution, we must begin work immediately on this important issue to ensure that we protect and strengthen this critical safety net for all generations.

    In addition to Social Security, we must explore policies to expand savings under other types of retirement accounts, such as individual retirement accounts (IRAs) and employer-sponsored 401(k) plans. . . .

    The last paragraph sounds like a reference to the Administration's proposal to have all working Americans enrolled in private savings plans, which Senator Harkin says, 'should be universal and automatic.'  (I am not a proponent of any more 'mandatory' or 'mandatory-like' government programs.  

    How on earth can our politicians be willing to pull the rug out from under folks on Social Security [particularly if they enact all the cuts to Social Security that are contained in The Moment Of Truth--Yikes!--the President's own Fiscal Commission's Recommendations], and then expect that 'the American People' will greet  another retirement scheme with enthusiasm?

    Personally, I know that I want nothing more to do with their half-baked ideas.  Just leave Social Security and Medicare ALONE, thank you!

    BTW, the finer details of Senator Harkin's plan are fuzzy, since some of the most pertinent information is not accessible unless one is a member of the financial industry.  IOW, it is not 'pay-walled,' but profession-walled, LOL!

    But, we know that Harkin's plan states:

    Retirement assets should be pooled and professionally managed.

    The retirement system should not force people to become investment experts.  Most people simply do not have the background, interest, or time to manage their retirement funds effectively. Instead, it should give everyone access to prudent, professional asset management and allow people to pool their assets with others to reduce costs and risk, including the risk of living longer than expected.

    So, another 'giveaway' to the insurance/annuity industry.

    Here's a link to Harkin's plan.

    Sorry, got a little bit on a tangent, and OT.

    Regarding Yarmuth's 'policy statement' from his website, there is clearly no specific mention of what he supports, or does not support, in the way of Social Security 'reform.'  (Chained CPI, etc.)  

    Thanks for this diary and mentioning this topic.  I will also contact his office.  I hope that you continue to try to get him 'on record.'

    To some extent, I suspect that his 'lack of a reply,' may  be his answer.  

    But we can hope not. ;-)


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


    by musiccitymollie on Mon May 20, 2013 at 10:16:27 AM PDT

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    •  Kentucky is not a right to work state (1+ / 0-)
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      Just to let you know.  I actually was surprised to find out that we were not a right to work state.

      As for Yarmuth, he is in the most "liberal" part of the state there is.  The Louisville area is the most Democratic in KY.  However, we have voted for Republicans before (Anne Northup represented Louisville for 10 years until Yarmuth beat her in 2006).  

      I suspect though that Yarmuth can only go out and criticize Obama to a point in this district.  The reason is that a significant portion of those Democratic and Obama voters in Louisville are African Americans, and they are still some of the most stalwart supporters of Obama.  

      One bit of good news on the chained CPI front and a Grand Bargain was the analysis of Greg Sargent of the Washington Post.  Seems that all the recent "scandals" in Washington have poisoned the well with regards to a Grand Bargain, at least for now.  No Republican wants to work with Obama on any budget deal.

      •  Hey, thanks for the info, Merlin1963. (0+ / 0-)

        I appreciate your argument regarding Yarmuth's reticence.  But I think he's making a huge mistake, nonetheless.

        In my own so-called 'circle' of friends and family, I honestly don't know a single Boomer (or older senior) who would not consider cutting Social Security and Medicare a 'deal breaker.'

        Personally, I would never vote for a Republican (unless there was such a thing as a 'liberal' one, LOL--and we ALL know that does not exist), but I will also not likely pull the lever for any candidate (for any position) who does not staunchly and openly defend against, but even more to the point, cast their vote AGAINST any cuts to the social safety net.

        You're probably right.  But IMHO, he's taking a huge risk, if that's what he's doing.

        A lot of folks sat out both 2010 and 2012 (voting was down substantially among whites in the 2012 Presidential election).

        Hopefully, the Dems (and the Administration) will 'wake up' soon before it's too late.

        Don't forget, the Administration (not the Republicans) has 'led the conversation for austerity' since the ACA was passed, and/or since he appointed the Catfood Commission.

        [BTW, please see my WaPo excerpt posted above.]

        I hope you keep up the good work, and continue to hold Yarmuth's feet to the fire!  

        I've heard him on left radio, and seen him on C-Span.  Actually, I like him a lot.

        But this position could make or break his chances for re-election, [when he's up again] if he's not very careful.  After all, it's 'seniors' who turn out in droves for the midterms. ;-)


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


        by musiccitymollie on Mon May 20, 2013 at 05:39:26 PM PDT

        [ Parent ]

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