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View Diary: McConnell-Reid proposal puts target on Social Security, Medicare, Medicaid (234 comments)

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  •  He thinks it's 1995/1996 (3+ / 0-)
    Recommended by:
    wbgonne, Andrew M, jimreyn

    but it's not:

    After a bruising midterm election, the president moves to the political center. He distances himself from his Democratic base. He calls for cuts in Social Security and signs historic legislation ending a major entitlement program. He agrees to balance the budget with major cuts in domestic discretionary spending. He has a showdown with Republicans who threaten to bring government to its knees if their budget demands aren’t met. He wins the showdown, successfully painting them as radicals. He goes on to win re-election.

    Barack Obama in 2012? Maybe. But the president who actually did it was Bill Clinton. (The program he ended was Title IV of the Social Security Act, Aid to Families with Dependent Children.)

    This is not Bill Clinton’s economy. So many jobs have been lost since Mr. Obama was elected that, even if job growth were to match the extraordinary pace of the late 1990s—averaging 300,000 to 350,000 per month—the unemployment rate wouldn’t fall below 6% until 2016. That pace of job growth is unlikely, to say the least. If Republicans manage to cut federal spending significantly between now and Election Day, while state outlays continue to shrink, the certain result is continued high unemployment and anemic growth.

    "Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories." - Thomas Jefferson

    by Sagebrush Bob on Fri Jul 15, 2011 at 10:48:28 AM PDT

    [ Parent ]

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