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Just a quick hit diary, but who would a thunk it that the rumors might be wrong.

TPM

Rep. Barney Frank says Minority Leader Pelosi reassured House Democrats that the COLA change (which amounts to escalating cuts to Social Security over time) floated in the press will not happen.

Now I am sure some will claim it was the pressure brought to bear yesterday. If it was great, but in the end all that matters is it isn't being considered.

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Comment Preferences

  •  Tip Jar (24+ / 0-)

    In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

    by jsfox on Fri Jul 08, 2011 at 10:48:42 AM PDT

    •  This is good news. Thank you for posting it (3+ / 0-)
      Recommended by:
      kat68, Cedwyn, BarackStarObama

      Nancy Pelosi had a private meeting with the president this morning.  I'm sure that she let him know that there is absolutely no Dem votes for it.

      •  Pelosi has been sitting beside him all this time (2+ / 0-)
        Recommended by:
        Cedwyn, Kitty

        She knows perfectly well what is and isn't being proposed. She also knows how President Obama operates. That statement she released was to preserve her chances of becoming Speaker again in 2013 by not alienating most of her caucus.

        Obama and Pelosi are a heck of a team, and I doubt seriously that they haven't been on the same page for some time now. Now Senator Reid, that's the one to worry about.

        "There is nothing more dreadful than the habit of doubt. Doubt separates people. It is a poison that disintegrates friendships and breaks up pleasant relations. It is a thorn that irritates and hurts; it is a sword that kills.".. Buddha

        by sebastianguy99 on Fri Jul 08, 2011 at 12:53:44 PM PDT

        [ Parent ]

  •  I don't think it is Pelosi's (5+ / 0-)

    table setting that people are worried about.

  •  If that is true, that is good news. (10+ / 0-)

    And good on House Democrats for standing firm, and for Nancy Pelosi as well!

    I work with B2B PAC, and all views and opinions in this account are my own.

    by slinkerwink on Fri Jul 08, 2011 at 10:53:49 AM PDT

    •  Amen! (3+ / 0-)
      Recommended by:
      slinkerwink, Christy1947, priceman

      Nancy Pelosi has once again earned her place as one of my favorite people in Washington.  I guess that "riot act" yesterday was pretty effective.  I hope this pans out and everyone holds firm.

      (-9.62/-6.77) "If you don't lie down in front of the door, you're less likely to get used as a doormat" (Maddow 9-2-09). United we bargain, divided we beg.

      by revelwoodie on Fri Jul 08, 2011 at 11:08:09 AM PDT

      [ Parent ]

  •  So all that hyperventilating yesterday (5+ / 0-)

    was for nothing? Shocking? I wonder when the freakouts™ will start feeling silly about all their uselessly wrong freakouts.

    This comment may not be reproduced or excerpted on other sites without my express written permission.

    by psilocynic on Fri Jul 08, 2011 at 10:55:57 AM PDT

    •  And you care? Why? (2+ / 0-)
      Recommended by:
      Johnny Q, jabney

      Democrats build better communities.

      by NCJim on Fri Jul 08, 2011 at 10:58:25 AM PDT

      [ Parent ]

    •  Not for nothing, ask a WH switchboars operator. (7+ / 0-)

      The instant widespread push-back, maybe worked.

      Won't know for sure until the diarist report is confirmed. In the meantimt, I intend to keep callin...

      If Obama cuts my Social Security I will cut my vote.

      by hideinplainsight on Fri Jul 08, 2011 at 11:03:26 AM PDT

      [ Parent ]

    •  I wouldn't say it was for nothing. (7+ / 0-)

      If no one was "hyperventilating" about it, it would still be on the table.

      (-9.62/-6.77) "If you don't lie down in front of the door, you're less likely to get used as a doormat" (Maddow 9-2-09). United we bargain, divided we beg.

      by revelwoodie on Fri Jul 08, 2011 at 11:05:40 AM PDT

      [ Parent ]

      •  We have no idea if it ever was on the table. (4+ / 0-)

        "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

        by Empty Vessel on Fri Jul 08, 2011 at 11:07:58 AM PDT

        [ Parent ]

        •  De Nile is not only in Egypt, evidently.... (4+ / 0-)
          Recommended by:
          slinkerwink, Johnny Q, badger, jabney

          If Obama cuts my Social Security I will cut my vote.

          by hideinplainsight on Fri Jul 08, 2011 at 11:10:45 AM PDT

          [ Parent ]

        •  We have exactly as much idea... (3+ / 0-)
          Recommended by:
          slinkerwink, Johnny Q, badger

          ...that it was on the table then as we do that it is off the table now.  We can only go by what our elected officials say.  Or we can choose to ignore those reports.  But I hope we won't selectively decide which reports to credit and which to disregard based on how they fit in with our own desires.

          I'll take exactly the same approach to these reports as I did to the others.  When the CPI was "on" the table, I got very mad, and hoped the reports would go nowhere.  Now that I hear it is "off" the table, I will get very happy and hope the reports pan out.

          (-9.62/-6.77) "If you don't lie down in front of the door, you're less likely to get used as a doormat" (Maddow 9-2-09). United we bargain, divided we beg.

          by revelwoodie on Fri Jul 08, 2011 at 11:12:49 AM PDT

          [ Parent ]

          •  Please name and link to the WH official (3+ / 0-)
            Recommended by:
            psilocynic, Curt Matlock, Cedwyn

            Who is on record in supporting switching to a chained-CPI.

            "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

            by Empty Vessel on Fri Jul 08, 2011 at 11:16:24 AM PDT

            [ Parent ]

            •  I have no doubt (1+ / 0-)
              Recommended by:
              Cedwyn

              That someone in some meeting floated the idea. It has been an idea floated before. And usually that is all it takes is someone floating an idea and someone else running out of the meeting and saying it was floated and someone else then passing it along and slowly, but surely it changes to it is seriously being considered. Remember the game of telephone?

              In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

              by jsfox on Fri Jul 08, 2011 at 11:20:29 AM PDT

              [ Parent ]

              •  I don't know (1+ / 0-)
                Recommended by:
                Cedwyn

                And i can't for the life of me figure out how anyone is certain about any of the press reports from yesterday.  They might have been trial balloons, they might have been telephone, they might have been bullshit.

                I don't know...i am mostly bothered by everyone's certainty.

                "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

                by Empty Vessel on Fri Jul 08, 2011 at 11:24:10 AM PDT

                [ Parent ]

                •  Well there is that (2+ / 0-)
                  Recommended by:
                  Empty Vessel, Cedwyn

                  The only way anyone here could be certain of anything is if they were actually involved in these negotiations and that includes the press.

                  Hence when I start seeing hair on fire diaries about this or that happening based on press reports I become highly suspect.

                  In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

                  by jsfox on Fri Jul 08, 2011 at 11:28:34 AM PDT

                  [ Parent ]

                  •  The hair on fire is a good thing. (1+ / 0-)
                    Recommended by:
                    Johnny Q

                    When there are reports about something like this happening, people need to get upset about it and register their disapproval loudly.  Do we know for sure how seriously this was being considered?  No.  But when a trial balloon like this goes up, it needs to be shot down quickly.

                    (-9.62/-6.77) "If you don't lie down in front of the door, you're less likely to get used as a doormat" (Maddow 9-2-09). United we bargain, divided we beg.

                    by revelwoodie on Fri Jul 08, 2011 at 11:43:23 AM PDT

                    [ Parent ]

                    •  but nothing happened (1+ / 0-)
                      Recommended by:
                      revelwoodie

                      should we register disapproval about a policy that is mentioned?  absolutely.  

                      the problem, though, is that the cuts were presented not as a vague possibility, or an idea casually floated, but as a doomsday prophecy that was virtually a done deal by press time.  it's ridiculous.  i wish more people had your restraint.

                      ; P

                      how you been?

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

                      by Cedwyn on Fri Jul 08, 2011 at 12:59:00 PM PDT

                      [ Parent ]

                      •  Fair to middling. (0+ / 0-)

                        That's about the best I can say, lol.  Things have been crazy...

                        (-9.62/-6.77) "If you don't lie down in front of the door, you're less likely to get used as a doormat" (Maddow 9-2-09). United we bargain, divided we beg.

                        by revelwoodie on Fri Jul 08, 2011 at 07:57:43 PM PDT

                        [ Parent ]

                  •  but what can not be disputed is that (0+ / 0-)

                    the WH has said SS cuts were on the table.

                    Insisting the President has not changed his position on whether Social Security should be included in the debt-ceiling negotiations, Carney pointed to Obama's January remarks in the State of the Union that he wants to engage in a bipartisan process to strengthen Social Security in a "balanced way" that preserves the promise of the program and does not "slash benefits."

                    ...

                    "Slash it's like that," Carney said, bringing down his arm in a downward movement, "A significant whack...I think slashing is pretty sharp. It's not the same thing as cut, it's a slash...and I don't mean the guitarist."

                    So if we are going to assume the reports about COLA were wrong...then the logical assumption would be that there is some other cut on the table.

                    So are we assuming the COLA reports were correct, or do we need to figure out what is really just a cut, or something not being slashed.  Something that can be cut a little here or a little there?

                    I'd prefer to assume COLA was it, it has been pushed back, and we can move on.  But let me know if you think Carney and Sperling were referring to something else?

                    "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

                    by justmy2 on Fri Jul 08, 2011 at 11:45:04 AM PDT

                    [ Parent ]

            •  Ok.... (1+ / 0-)
              Recommended by:
              Johnny Q

              The whole point of "floating" something in the press is to get an idea out there and gauge the response without anyone putting their name to it.  As far as WH officials are concerned then, I can only cite by name ones that when asked about it would not rule it out, like Geithner and Jay Carney.  Most of these reports came from congressional aides, as I'm sure you know, who were present at the negotiations and said the WH was offering a chained CPI as an option.  And "WH officials" explicitly named it as an option offered in the private talks between Obama and Boehner

              Do you think we shouldn't credit those kinds of reports?  Well, Nancy Pelosi thought they were credible enough, apparently.

              (-9.62/-6.77) "If you don't lie down in front of the door, you're less likely to get used as a doormat" (Maddow 9-2-09). United we bargain, divided we beg.

              by revelwoodie on Fri Jul 08, 2011 at 11:39:11 AM PDT

              [ Parent ]

        •  Actually...we do at this point... (4+ / 0-)
          Recommended by:
          slinkerwink, revelwoodie, Johnny Q, jabney

          Jay Carney and Gene Sperling have both said that the deal includes cuts to SS.  

          http://www.dailykos.com/...

          There are no other SS cuts leaked anywhere.   There is zero chance they would come up with an entitlement reform on the fly and not get it out there first.

          Reps Baccera and Schakowsky have also confirmed on the record.

             Representative Xavier Becerra, speaking on C-Span today, said the chained index proposal may be an Obama negotiating tactic. “He has tried many ways to get our Republican colleagues to come to some middle ground and hasn’t succeeded,” said Becerra, a California Democrat who opposes benefit cuts. “I suspect he’s saying, ‘Look I’ll put everything on the table, let’s see what sticks.’”

              ...

              Democrats such as Representative Jan Schakowsky of Illinois say the alternative index, which she called the “chainsaw CPI,” would mean cuts in Social Security benefits. Over 10 years, using the alternative index would reduce projected Social Security spending by 1.2 percent, according to the Congressional Budget Office.

          http://www.bloomberg.com/...

          So regardless of it being a negotiating tactic or not, the time to react was then.

          We at least know that some type of cut to Social Security was on the table, and if it isn't this, then I would like to know what in the world it is....

          Finally, the fact that Barney Frank and Pelosi are issuing statements about it kind of means it was at least being discussed.

          Again, it could have been negotiating.  But that was no reason to take it likely.  As a matter of fact, the response could have been the result expected to get it taken off the table.  My initial reaction was and is that most of what is going on is to soften the blow for a final deal that has basically been agreed to.

          "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

          by justmy2 on Fri Jul 08, 2011 at 11:39:30 AM PDT

          [ Parent ]

          •  It could now be means-testing (1+ / 0-)
            Recommended by:
            jabney

            which would turn SS into a welfare program.

            I work with B2B PAC, and all views and opinions in this account are my own.

            by slinkerwink on Fri Jul 08, 2011 at 11:41:29 AM PDT

            [ Parent ]

          •  I am not going to dispute your (1+ / 0-)
            Recommended by:
            Cedwyn

            reading of the situation as regards to chained-CPI. I have no doubt it was floated. What is in question is how seriously it was being considered. In the end I really don't care if it was serious or not. What's important is that it is gone.

            I will dispute your assumption that there is a deal. There is nothing out there that suggest this is a fact.

            In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

            by jsfox on Fri Jul 08, 2011 at 11:46:17 AM PDT

            [ Parent ]

            •  I will readily admit that is an assumption on (0+ / 0-)

              my part.  It is based on my experience and reading of the tea leaves.

              But I am not any means go to tell anyone they have to believe that OR they should use it as a working assumption.

              That item falls clearly in the "my opinion" category.   No denying that...

              "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

              by justmy2 on Fri Jul 08, 2011 at 11:50:25 AM PDT

              [ Parent ]

          •  likely=lightly (0+ / 0-)

            "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

            by justmy2 on Fri Jul 08, 2011 at 11:48:26 AM PDT

            [ Parent ]

    •  Summer stupid season (5+ / 0-)

      I have been considering TTFN or just lurking through for a bit.  As summer stupid season continues, and the default debate foes into high gear--i predict this place is gonna get really stupid and beligerant.  Every unsourced rumor will be taken as fact, sides will get even nastier.

      I don't think anyone has faced up to the fact that there will be a compromise to get the default vote accomplished.  The only question is what sort of compromise.  I mean that literally.  Clearly i favor allowing the default to happen than to cave into all the crazy demands of the republicans, but there will be a compromise at some point.  There will be some shitty things in that compromise.  ThIs is what happens with divided rule.

      The howls of indignation that will erupt here when enen a good compromise is reached will be insane.  If the last two days are any indication, there will be very little of worth here.

      "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

      by Empty Vessel on Fri Jul 08, 2011 at 11:07:00 AM PDT

      [ Parent ]

      •  I think many have assumed their will be (1+ / 0-)
        Recommended by:
        Empty Vessel

        a compromise, if not most.

        The question is what will it entail, and how will each person react.

        And yes, you can bet your bottom dollar that howls will occur...regardless of how good or bad the deal is.  That much is guaranteed.  This won't be the deal to create kumbaya...

        "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

        by justmy2 on Fri Jul 08, 2011 at 11:53:22 AM PDT

        [ Parent ]

    •  Yesterday? What about today, lot of people with (2+ / 0-)
      Recommended by:
      Cedwyn, psilocynic

      their hair on fire over this.

    •  Not necessarily wrong. Now he has a huge pile (1+ / 0-)
      Recommended by:
      jabney

      of shrieking inbox material to wave if the Rs bring it up, a very very current expression of the views of ordinary Americans. Never hurts in a negotiation to have somebody behind you to make sure the other guy knows you cannot step back.

  •  We also discussed yesterday how (4+ / 0-)
    Recommended by:
    James Allen, badger, Ellinorianne, chuckvw

    the way the CPI is determined is already rigged to have reduced benefits by 70 to 80% (i.e., the benefits should be 70 to 80% higher today than they are because of this).

    Of course, we count it as a victory just not to go any further in the wrong direction than to even consider fixing that!

    •  Roadbed (2+ / 0-)
      Recommended by:
      psilocynic, Cedwyn

      Even you have to know in order to sustain that type if increase some serious revenue increase have to happen into the fund.

      In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

      by jsfox on Fri Jul 08, 2011 at 10:58:32 AM PDT

      [ Parent ]

      •  You mean of the type that might be in (5+ / 0-)

        hand if we taxed the rich at similar rates as our peer nations and also had military expentitures on par with them?

        Yeah, of course it's complete fantasy that anything like that would happen.  And that's my point - just to observe how pathetic things have become . . . .

        Is that helpful - no, probably not.  But I've seen other people go off on rants at this site, so it's not completely beyond the pale, either.

        •  Hey don't misunderstand (2+ / 0-)
          Recommended by:
          psilocynic, Cedwyn

          I am all for raising the cap and/or means testing so the benefits could get better and the Fund is truly strengthened and taken completely out any budget issues.

          Not to mention that it shouldn't be part of budget discussions in the first place.

          In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

          by jsfox on Fri Jul 08, 2011 at 11:08:37 AM PDT

          [ Parent ]

  •  Communique from the homonym police (5+ / 0-)
    Recommended by:
    jsfox, Kysen, revelwoodie, psilocynic, Cedwyn

    It's bear.

  •  In the end, the means matter (4+ / 0-)

    if pressure, public outcry influences policy, then it is important to know that and act on it.

    •  Well you know (5+ / 0-)

      it really could have been just a rumor and it never was under serious consideration by the WH. Somebody could have floated at some meeting and that all it took for the rumor to get started.

      That said, pressure is always good so dumb floated ideas don't get turned into ideas that folks keep looking at until someone decides that it so dumb after all.

      In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

      by jsfox on Fri Jul 08, 2011 at 11:13:36 AM PDT

      [ Parent ]

  •  I wonder (2+ / 0-)
    Recommended by:
    slinkerwink, badger

    That's a fast backtrack.  Perhaps they caught wind of an angry base.

    •  When have they cared about the (1+ / 0-)
      Recommended by:
      Cedwyn

      over-reactive, hyperbolic base? No, it was just a rumor and the base showed again why they are not taken seriously.

      This comment may not be reproduced or excerpted on other sites without my express written permission.

      by psilocynic on Fri Jul 08, 2011 at 11:21:44 AM PDT

      [ Parent ]

      •  I don't think (2+ / 0-)
        Recommended by:
        Johnny Q, chuckvw

        we know either way.  Trial balloons get floated all the time.  I don't think either side can really declare the other as irrelevant and it bothers me that that you say any Democrat shouldn't be taken seriously.

        Even rumors of cutting Social Security is an issue.  It's not put out there as a lark, there are reasons why things like this are put in the news.  It's not just for shits and giggles.

        Some days are diamonds, some days are rocks...Tom Petty

        by Ellinorianne on Fri Jul 08, 2011 at 11:35:10 AM PDT

        [ Parent ]

        •  In that this is the most transparent White House (0+ / 0-)

          of all time, we will probably never know.

          When you can maintain a high level of secrecy you always have plausible deniability.  That's why whistleblowers are satan's spawn...

          Whom do you blame more? The rattlesnake, or the bipartisan guy who put it in your sleeping bag?

          by chuckvw on Fri Jul 08, 2011 at 12:36:25 PM PDT

          [ Parent ]

      •  There are bases and bases. (1+ / 0-)
        Recommended by:
        psilocynic

        Having the WH and Congresscritters getting letters and phone calls from demonstrable constituents, in huge piles. A sign from the base.

        Complaints on DKOs, meh. Too many have already promised not to vote for him.

    •  or it was really a trial balloon (1+ / 0-)
      Recommended by:
      Johnny Q

      or something meant to get more to pay attention and thus start seeing what the GOP is doing with their 'no new taxes - uncompromomising position'?

  •  "Will not happen" (2+ / 0-)
    Recommended by:
    Johnny Q, chuckvw

    Pelosi's not even in the room where the deals are being cut.  Only a Chain of Fools would take this as the definitive word on the subject.

    •  So you seriously think (1+ / 0-)
      Recommended by:
      James Allen

      there wouldn't be a House Democratic revolt if after being told that chained-CPI was not being considered, it all of a sudeen ended up back in the deal?

      Jees I get that you just hate everybody and everything that has to do with this administration, but seriously get a grip.

      In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

      by jsfox on Fri Jul 08, 2011 at 11:35:14 AM PDT

      [ Parent ]

      •  well...to be fair the didn't revolt on the (1+ / 0-)
        Recommended by:
        chuckvw

        public option....

        but this much closer to the heart of the party, so a revolt is more likely...but it isn't a guarantee...unfortunately...

        I hope you are right....

        "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

        by justmy2 on Fri Jul 08, 2011 at 11:55:34 AM PDT

        [ Parent ]

      •  Pelosi doesn't have complete control (0+ / 0-)

        of her minority caucus.  This would only require a handful of blue dogs - if that - to pass.

        We've seen so much kabuki in the past couple of years anything is possible...

        Whom do you blame more? The rattlesnake, or the bipartisan guy who put it in your sleeping bag?

        by chuckvw on Fri Jul 08, 2011 at 12:39:54 PM PDT

        [ Parent ]

    •  If she isn't, this sort of thing will get her in. (0+ / 0-)
  •  I saw her press conference (1+ / 0-)
    Recommended by:
    slinkerwink

    and she said the caucus was very clear.

    I hope this holds.  It was actually their in the Biden talks according to Ezra, so if it is not out of the deal for any reason, that is good news.

    "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

    by justmy2 on Fri Jul 08, 2011 at 11:33:08 AM PDT

  •  Something else from TPM (1+ / 0-)
    Recommended by:
    chuckvw

    http://tpmdc.talkingpointsmemo.com/...

    Social Security benefit cuts may be a bridge too far for House Minority Leader Nancy Pelosi (D-CA). But what if Republicans and Democrats alike just agreed to refer to a benefit cut by another name.

    ...

    And if you think Democrats are playing dumb because they want a deal, think again. They're some of the biggest supporters of this plan.

    "We make the determinations right now for benefits based upon CPIU," Rep. Jim Clyburn (D-SC), one of the Dems' principal debt limit negotiators. He's referring to the current index the government uses to calculate Social Security's Cost of Living Adjustment. And that's what they're talking about changing. "Now the question is will some other look at CPI make sense? And I think that it makes sense to look at it all to see what is an accurate account, a better way to determine benefits. I certainly wouldn't walk away from that kind of discussion."

    Reducing the COLA is something top Obama administration officials have wanted to do for a long time.

    "The Consumer Price Indices currently used for indexation employ an outdated procedure that overstate inflation," said Jason Furman, now the Deputy Director of the National Economic Council, in 2007 expert testimony before the Senate Budget Committee. "If all federal programs and taxes were switched to [Chained CPI] by the end of a decade the government would save more than $40 billion, with the bulk of the savings divided roughly equally between preventing de facto Social Security benefit increases and tax cuts that Congress never intended. Over time the savings would continue to grow."

    Not benefit cuts, but the prevention of de facto benefit increases.

    this article was prior to the statement, but instructive..

    "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

    by justmy2 on Fri Jul 08, 2011 at 12:07:32 PM PDT

    •  This story (0+ / 0-)

      Precedes Nancy's meeting at the WH this AM and her briefing the caucus afterwards.

      In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

      by jsfox on Fri Jul 08, 2011 at 12:12:53 PM PDT

      [ Parent ]

      •  Ooops (0+ / 0-)

        missed your last line.

        In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

        by jsfox on Fri Jul 08, 2011 at 12:13:39 PM PDT

        [ Parent ]

        •  I think... (0+ / 0-)

          ...Dems are saying that it won't happen in the context of this deficit deal as a trade for more revenue (linking the CPI to tax brackets would effective raise revenue through bracket creep).

          However, I think many Dems would be open to changing the COLA formula as part of a long-term Social Security deal that included lifting the payroll tax cap. But it would be insane to make such a change outside of the context of a deal like that.

      •  Here is what Pelosi said at her presser (0+ / 0-)

        http://blogs.abcnews.com/...

           Pelosi punted when asked whether a move from the Consumer Price Index to a “chained CPI,” which is thought to gauge inflation at a slower rate, is, in fact, a Social Security benefit cut.

            “There’s concern in my caucus about what would happen with the CPI. Some think it is a benefit cut, others do not,” she said, calling the prospect of moving to a method that could reduce annual cost-of-living adjustments “hypothetical at the present time.”

        I hope the Frank leak wasn't intended to turn of the heat.

        Worst case scenario is she told Frank ... "No Benefit Cuts" and he interpreted that as no "Chained CPI".

        If the WH decides to play word games...this leak could have been intended to take the heat off for a moment, or Frank could have been mistaken.

        We shall see.  I hope Frank got it right...

        "But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower." - President Obama, 12-07-2010

        by justmy2 on Fri Jul 08, 2011 at 01:39:07 PM PDT

        [ Parent ]

  •  Barney also said health care was dead too. (0+ / 0-)

    And he also allowed Wall Street regulation to come out of his committee that was less than robust.

    "There is nothing more dreadful than the habit of doubt. Doubt separates people. It is a poison that disintegrates friendships and breaks up pleasant relations. It is a thorn that irritates and hurts; it is a sword that kills.".. Buddha

    by sebastianguy99 on Fri Jul 08, 2011 at 12:56:05 PM PDT

  •  Trial balloon popped by slings and arrows. (0+ / 0-)

    The real enemy of the good is not the perfect, but the mediocre.

    by Orange County Liberal on Fri Jul 08, 2011 at 02:33:56 PM PDT

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