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View Diary: Durbin Sticks it to the GOP (213 comments)

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  •  "tweaking", and that's what is called for, (3+ / 0-)
    Recommended by:
    Cedwyn, Tortmaster, Imhotepsings

    SS is not going to slow the economy.  Rising interest rates are what will slow the economy.  Period.

    •  Or so wingnuts think. (2+ / 0-)
      Recommended by:
      TAH from SLC, CoyoteMarti

      This economy is suffering from a crisis of demand. It needs economic stimulus. Cutting the budget deficit will have the opposite effect and will slow the economy.

      What cutting Social Security will do is form the basis for a series of ads that will devestate Obama and the Democrats in November 2012.

      "[S]ince Obama keeps talking nonsense about economics, at what point do we stop giving him credit for actually knowing better? Maybe at some point we have to accept that he believes what he’s saying." --Paul Krugman

      by GreenSooner on Sun Jul 24, 2011 at 08:38:52 PM PDT

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      •  Also: why is "tweaking" SS called for? (4+ / 0-)

        Social Security does not contribute to the budget deficit. Not one dime.

        Lying about cuts to SS won't help the Democrats at all once they've cut it.

        "[S]ince Obama keeps talking nonsense about economics, at what point do we stop giving him credit for actually knowing better? Maybe at some point we have to accept that he believes what he’s saying." --Paul Krugman

        by GreenSooner on Sun Jul 24, 2011 at 08:39:57 PM PDT

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        •  the 2037 projection (4+ / 0-)

          that would necessitate roughly a 23% benefit cut, based on current models.  that's where the tweaking SS comes from.

          My goal is to make the world safe for anarchy. - 4Freedom

          by Cedwyn on Sun Jul 24, 2011 at 10:00:30 PM PDT

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          •  Doesn't answer why that requires tweeking in 2011. (0+ / 0-)

            Nor is "tweeking" it a realistic response, as Dean Baker of the Center for Economic and Policy Research pointed out when Durbin began Social Security fearmongering earlier this year:

            According to the Social Security trustees, the projected shortfall in revenue in 2037 would be less than 1.3 percent of GDP  . . . By comparison, the increase in annual defense spending over the course of the last decade was more than 1.6 percentage points of GDP and in fact, there were several single years in the 40s and 50s when we increased defense spending by larger amounts.

            While 1.3 percent of GDP is hardly a trivial amount, it is certainly a burden that the economy could bear if there were political will. In a context where the share of Social Security beneficiaries in the voting age population will be more than 50 percent larger than it is today  . . .  it is certainly reasonable to believe that Congress would take steps to ensure that benefits are not cut by 22 percent.

            "Social Security is going bankrupt, so we need to cut it now" really is a rightwing talkingpoint.

            Stop repeating!

            "[S]ince Obama keeps talking nonsense about economics, at what point do we stop giving him credit for actually knowing better? Maybe at some point we have to accept that he believes what he’s saying." --Paul Krugman

            by GreenSooner on Mon Jul 25, 2011 at 08:57:51 AM PDT

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            •  erp (0+ / 0-)

              Stop repeating it!

              "[S]ince Obama keeps talking nonsense about economics, at what point do we stop giving him credit for actually knowing better? Maybe at some point we have to accept that he believes what he’s saying." --Paul Krugman

              by GreenSooner on Mon Jul 25, 2011 at 08:58:26 AM PDT

              [ Parent ]

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