Posted on 01/21/2010 6:12:29 AM PST by Libloather
Obama Cuts Deal that Will Reduce Social Security, Medicare and all Entitlements
by James Ridgeway
20 January 2010
The Obama administration literally collapsed yesterday. Any pretense of liberal change was washed away in a closed door deal to cut entitlements. While the Massachusetts voters were casting their ballots to install the upstart Republican Scott Brown to Ted Kennedys Senate seat, President Obama was hammering out an agreement with Democratic leaders to support a plan to issue an executive order to cut entitlements, including Social Security, Medicare and Medicaid.
The effect of this plan, if accepted by Congress, will be to override the already weakened health care reform legislation.
It represents a capitulation to conservatives in both parties, and would leave Democratic liberals accepting unconditional surrender not only on health care, but on the most basic of all New Deal programs. It reaches far beyond actions by the Reagan and Bush administration.
As the Washington Post explains this morning:
Under the agreement, President Obama would issue an executive order to create an 18-member panel that would be granted broad authority to propose changes in the tax code and in the massive federal entitlement programs including Medicare, Medicaid and Social Security that threaten to drive the nations debt to levels not seen since World War II.
(Excerpt) Read more at baltimorechronicle.com ...
Somehow I really doubt that conservatives support surrendering the legislative authority of the Congress to an 18 member panel appointed by obama, who is finding even one party democrat majority rule a way too troublesome and slow means of ruling the people
Education, Energy, Agriculture, HHS, anything that is not stipulated in the Constitution should get the Axe.
And BTW, let's bring home the troops in Europe.
Sixty five years is enough protection, and the money spent by Armed Forces will recirculate here instead of Europe.
I do, but the media has no interest in discovering who does.
That's racist!
It's a Berry-of-Color or African-Americanberry.
It also has an app for downloading a Negro dialect in a clean, articulate format.
Chief among these are legal immigrants who bring their elderly parents here, and get them installed in Senior housing and SSI, when they never spent a day in their lives paying US taxes.
This is where the cuts should be made; sponsors of immigrants are supposed to be responsible for the family memebers that they sponsor, not the taxpayers.
Finally, why does anyone think that a Commission created by Obama will propose solving the entitlement solvency problem by cutting entitlements rather than raising taxes. There will probably be some cosmetic cuts, but the primary recomendations will be to raise taxes and means test Social Security and Medicare. It will probably also recommend imposing FICA taxes on passive income, including IRA withdrawals.
BTTT.
Even mother jones obama puts ss on chopping block doesn't like the proposed SS cuts.
Gives the very faint appearance of bipartisan (tho the article itself was all liberal pap), so during their August recess buying votes the libs can show 'serious progress' in deficit cutting doesn't it! Could also be a vain attempt to head the Tea Partiers off at the pass....note to self
bingo
Absolutely...
They cease to be dangerous when the Dums are stripped of power. That is the only way.
Bookmark
Universal Voter Registration bill proposed by Chunk Schumer and Barney Flank.
bfl
I agree. Those of us born after WWII are going to get the shaft. We’ve paid in an enormous amount of taxes and will be left holding an empty bag. It makes me angry, but I wouldn’t want to burden my children and grandchildren with the taxes it would take to keep this Ponzi scheme going, so we are just going to have to accept it.
I don’t want to hear any more crap about the selfish Boomers, though. We paid for the party and don’t even get any snacks.
For years, the social security system has taken in more money than it needed. The excess was supposed to be placed in a trust fund to use when the baby boomers started to retire.
Congress repeatedly raided the trust fund and spent it, leaving an IOU. Senior citizens tend to vote more than other groups, and their numbers will grow. This ponzi scheme is about to implode, and the democrats will loose their support.
That is one more reason why they are so anxious to give citizenship to 12 million illegals, and throw granny under the bus at the same time.
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