Thursday, December 20, 2012

The Grand Sell-Out Emerges

Please, please, please, if you haven't already done so (or even if you have) call, email, fax your legislators, Reid, Pelosi, and Obama today. Get at least one other person to do the same. The recent post below (Was there even an Election?) contains contact info. This is a shameful, disgusting betrayal of American citizens, and if you don't speak up now, what WILL you speak up for?

The Grand Sell-out Emerges
Charles Pierce, RSN

I generally believe Ezra Klein when he talks about how everyone who matters is coming together to make a deal, so may I just congratulate all the important people on both sides of the aisle who have come together in semi-good faith to ram it to the rest of us. Really, kids, if this isn't really just a trial balloon big enough for the Macy's parade, well done.
On the spending side, the Democrats' headline concession will be accepting chained-CPI, which is to say, accepting a cut to Social Security benefits. Beyond that, the negotiators will agree to targets for spending cuts. Expect the final number here, too, to be in the neighborhood of $1 trillion, but also expect it to lack many specifics. Whether the cuts come from Medicare or Medicaid, whether they include raising the Medicare age, and many of the other contentious issues in the talks will be left up to Congress.
So here's where we sit. The Democrats, led by the president, who never is going to need to depend on Social Security, are prepared to concede on an issue that has absolutely nothing to do with the deficit. They are going to make life harder for millions of seniors. Social Security is now squarely "on the table" in any future budget negotiation. (Hey, who unplugged the third rail?) The simplest solution β€” raising the cap β€” is beyond discussion, now and forever. The "chained-CPI," which is a terrible idea on its own merits, as well as a piece of noxious moral sleight-of-hand, seeing as how it cuts benefits while pretending not to do so, is being adopted whole hog without a corresponding mechanism to raise more Social Security revenue to make up for the loss. If the president maintains his faith in the great god SimpsonBowles, the old folks will get a bump for only two years after the deal takes effect. Swell....More here.


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