Skip to comments.Biden Sought ‘Grand Bargain’ to Reduce Deficit Through Cuts to Social Security
Posted on 10/20/2020 3:40:05 PM PDT by mplc51
Joe Biden, the Democratic presidential nominee, worked to forge a grand bargain with congressional Republicans on deficit reduction during the Obama years. As part of the effort, the former vice president openly advocated for putting entitlement programs, including Social Security, on the negotiating table.
Shortly after taking office in 2009, President Barack Obama and his administration were struck with a complex problem. The economy, which was still in the midst of the Great Recession, was struggling to rebound, with job losses, bankruptcies, and home foreclosures running rampant. At the same, the deficit was at an all-time, hitting 8.9 percent of Gross Domestic Product, because of the Bush-era tax cuts and recession required stimulus spending.
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Like O’Bungles and Stinkfinger cared about a “budget deficit”.
The Obamunists are communists.
negotiating with them is worse than pointless.
Tell the senior citizens Biden wants to grab your Social Security pension away from you. Vote Trump.
Get this onto saturation TV ads.
And on the backs of Sunsweet Prune Juice packages. And full page in Prevention and Reminisce. I mean go all out.
Cuts are long overdue and will happen one way or the other.
Sorry, as a senior I have to tell you this, Democrat seniors are stubborn old fools who will not listen. They remember Grandpa talking about Hoovervilles and they would NEVER ever vote anything but Democrat. Most of us seniors are quite sensible, but there are fools among us. And for you misogynists out there in FreeperLand who think women are to blame for every ill in this country, there are just as many male ignorant unreasonable unreachable old idiots as there are female. Don’t bother wasting your money trying to reach them, they will still believe Pres. Trump is trying to steal their social security as well as kill them with Covid.
“A man convinced against his will, is of the same opinion still!”
“Cuts are long overdue and will happen one way or the other.”
Lawrence Kotlikoff had some interesting ideas for a permanent fix to Social Security, replacing the current system with a gradual phase-in of personal security accounts with mandatory 12% individual contributions:
Something has to be done and a phase in makes total sense. We have time to buy off the oldest cohort and still come up with something that's fair to everyone.
Always got to put a liberal anti-Republican spin of deficit problems during the Obama years, caused by overspending Democrats.
We put our money into the system for our Social Security. How about cutting entitlement programs for those who put nothing in, like welfare programs, assistance to illegal aliens, throwing away money to other countries? Democrats always want to steal money from Americans who worked for it, and give it away to those who didn’t work at all.
These political scumbags keep kicking that can and loving THEIR gold standard benefits!
Yeah to buy votes
Biden wants to establish Minimal living wage $15/hour.
Thant’s over $30,000 a year if working normal full time.
Now the Average social security is $18,000 a year.
Maybe the seniors deserve living wage too?
Maybe they should double everybody’s social security to match the living wage?
I know it would bankrupt the country, but since the Democrats do not care about fiscal responsibility, but go by the needs, then here is a population in need!
I know what you are saying about the need to increase social security, but it will not bankrupt the country.
When you compare SS against the Biden/Harris proposals, SS pales in comparison. If Biden/Harris think forgiving all student debt won't bankrupt us, or giving free health care to all including illegal aliens won't bankrupt us, or giving a guaranteed income to all (meaning those who don't work) won't bankrupt us, etc., then they really don't need to propose cutting Social Security because in their minds nothing they spend our money on will bankrupt us.
Biden/Harris are nuts!
Ping to the Nuts!
I am 74 years old. Surrounded by others who were hippies, SDS, antiwar demonstraters, JFK or Goldwater enthusiasts, civil rights activists and New Age versions of Hindus as a youth.
Yes, as someone said to me about a recent Arlo Guthrie concert in Florida: “All over the hillside beneath the concert stage you could see all the people watching. They looked exactly the same as in the 1960s, the long hair and the beards and the tie dyed tops-—except for just one thing: they had gray or mostly white hair now.”
You would think that the degenerate human race* would have had some revelations that it is better to be a free conservative than a government-led and government-financially supported slave all their lives. Apparently most are still overage hippies.
Sorry you don’t like my hatred of the women anti-Trump voters.
I actually like women. But I filter everything in my brain through politics, as Patrick Buchanan’s sister once said of herself. Women for Trump: love ‘em. Against: booooooo.
*Complex Gemini that I am, born within a short time of Trump in 1946, I contain multitudes (as Gemini Walt Whitman said). Thus, I struggle against misanthropy and cynicism but have been acknowledged all my life as thoughtful, kind, loving, generous and genuinely caring. It’s all in me.
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