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HumpDay Part II: Debt Commish Wants Your Social Security & Medicare, Too

Oh, this is just turning out to be an all kinds of post electoral inspirational day for the Democratic Party.

  First we had this, the Pentagon’s version of the “4 more years!” cheer, and here’s my reaction to that. http://docudharma.com/diar…

And if you liked that, you are going to LOVE this.

  Debt Commission Report Targets Social Security and Medicare.  


The most direct assault on Social Security, however, may not be the increase of the retirement age, but rather an attempt to tilt the program toward a welfare model and away from the current, universal insurance model that has made it popular and enduring despite 75 years of attacks. The co-chairs propose to “increase [the] progressivity of [the] benefit formula by creating a new bendpoint at the 50th percentile.” Such a move would require means testing. In other words, the government would determine benefits based on a beneficiary’s assets and other sources of income. Currently, beneficiaries are paid benefits based on their contribution over their working life. Replacing the social insurance model with a welfare model would erode support, encourage fraud and ultimately undermine the program.

If you want to look at the original doc from the co – chairs of the Catfood, er, Fiscal commission, co chaired by ex Republican Senator Alan Simpson and ex COS of Pres. Clinton, Erksine Bowles, here’s the pagestart.  Remember President Obama appointed these clowns. http://www.fiscalcommission.go…

And here are more commissioners.  See anybody familiar on this list ?  Why look, it’s Southern California’s Rep. Xavier Becerra (D, CA 31) one of the Leadership “Liberal” Democrats who wouldn’t commit to signing on for a Public Option.   Bruce Reed, another Clintonite, is the Executive Director.

Sen. Max Baucus (D-MT)

Rep. Xavier Becerra (D-CA 31)

Rep. Dave Camp (R-MI 4)

Sen. Tom Coburn (R-OK)

Sen. Kent Conrad (D-ND)

David Cote, Chairman and CEO, Honeywell International

Sen. Mike Crapo (R-ID)

Sen. Richard Durbin (D-IL)

Ann Fudge, Former CEO, Young & Rubicam Brands

Sen. Judd Gregg (R-NH)

Rep. Jeb Hensarling (R-TX 5)

Alice Rivlin, Senior Fellow, Brookings Institute and former Director, Office of Management & Budget

Rep. Paul Ryan (R-WI 1)

Rep. Jan Schakowsky (D-IL 9)

Rep. John Spratt (D-SC 5)

Andrew Stern, President, Service Employees International Union

The White House is presumably tucked into bed in another Asian time zone, out of range of commenting and wondering if anyone is going to greet them at the airport tarmac on the way home next week other than John Boehner, Mitch McConnell and Robert Gates.  Perpetual occupation of Afghanistan, secret drone wars, arms deals with India vs. Pakistan, and now the Cat Food commission turns loose the proposal to cut income taxes for the richest, and cut Medicare, and cut Social Security.   What’s not to like ?  

It is at this time I am going to relish my earlier assessment of Senator Kent Conrad (D, Fly Over State, North Dakota) as a duplicitous warmongering **** .


” We have now received a proposal from the bipartisan co-chairs of the President’s Fiscal Commission, Erskine Bowles and Alan Simpson. This is not the conclusion of the commission’s work. This is the beginning.

I commend them for putting together a serious proposal. It reveals just how difficult it is to put the nation on a sound fiscal course. Some of it I agree with; some I strongly disagree with. We will have a chance to offer alternatives as we advance the process later today and next week.”

Paul Krugman thinks they can’t be serious.  http://krugman.blogs.nytimes.c…

Because the good stuff ends up going to the very affluent.


I mean, what’s this about? There is no – zero – evidence that income taxes at current rates are an important drag on growth.

Oh, and they’re talking about raising the retirement age, because people live longer – except that the people who really depend on Social Security, those in the bottom half of the distribution, aren’t living much longer. So you’re going to tell janitors to work until they’re 70 because lawyers are living longer than ever.

It’s here. And it really is that bad. The idea that co-chairs of a commission whose charge is fiscal sustainability should take it upon themselves to (a) declare that federal revenue must not exceed 21 percent of GDP – that’s right, putting a cap on receipts and (b) call for reducing the top rate from 35 to 23 is just awesome.

Oh, Kruggie, since when do the Repukes and the Repuke wanna bees rely on evidence that excessively favoring the affluent might not be good for all of the rest of us ?

Dave Dayen went thru the thing –  hey, there’s cuts for the Veteran’s Administration, and TRICARE, too.

http://news.firedoglake.com/20…

Best comment-

ralphbon:

Splendid timing, given tomorrow’s Veteran’s Day.  

And the other good comment from “ottogrendal”


Indeed. The DoD still grows. Over $700 billion for the FY 2011 budget. http://comptroller.defense.gov…

Yay America !   We’re number 22nd now in life expectancy behind Australia, New Zealand, Hong Kong, Japan, and Cyprus, and a lot of European countries like Switzerland and the United Kingdom.  http://www.huffingtonpost.com/…

Americablog says we’re actually ranked at 49th worldwide now.


In 1950, the United States was fifth among the leading industrialized nations with respect to female life expectancy at birth, surpassed only by Sweden, Norway, Australia, and the Netherlands The last available measure of female life expectancy had the United States ranked at forty-sixth in the world. As of September 23, 2010, the United States ranked forty-ninth for both male and female life expectancy combined.

Meanwhile, per capita health spending in the United States increased at nearly twice the rate in other wealthy nations between 1970 and 2002. As a result, the United States now spends well over twice the median expenditure of industrialized nations on health care, and far more than any other country as a percentage of its gross domestic product (GDP).

Demographics can be a beautiful thing.

Raise the retirement age, get rid of health care,  and we won’t need that silly Social Security.  

4 comments

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  1. AmericanRiverCanyon

    …. some of the minnows.”

    Thar she blows !

    http://www.reuters.com/article

    And another Democratic Senator says it’s a starting point for the conversation.

    http://www.businessweek.com/ne

    Oh, and there are ….  “things in here which inspire me and other things which I hate like the devil hates holy water. I’m not going to vote for those things.”

    I seem to remember a Senate Democrat calling that wretched health insurance bill like a “starter house.”  

    Pelosi doesn’t like it. Duh.

    http://thehill.com/blogs/on-th

  2. Diane G

    every time I look at these numbers.

    There is a trifecta here:

    Printing useless money to devalue the dollar so we spend or try and borrow more, all while screwing foriegn markets for the benefit of the rich.

    A tea-bag push for more deregulation.

    A push to privatize social security & medicare.

    We are squeezed lemons, and all thats left is grating any zest left in our skins out.

  3. Activist Guy
  4. Xanthe

    corporations doing well in the market today –

    markets know apparently.  

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