Social Security Reform
Sanders Colludes With Kabuki Theater: President Will "Go On The Road" To Sell Already Signed "B-S" Framework Bill [REVISED]
The absolute gall! The President will take to the road in January, after the Bowles-Simpson-type "framework" has already been passed and signed into law. And he will lead the charade that there is still time to change the outcome of "entitlement reform." Even worse, he will do this with the backing of none other than Senator Bernie Sanders.
I reach this conclusion because of the wording of one of Ed's questions to Senator Sanders:
"So Senator, you want President Obama to hit the road after the first of the year (to which Sanders nods), and go sell the American people, just like Bush did in 2005, when he won relection?"
"Sanders Convenes Social Security Caucus," An Object Lesson In Senate Doublespeak, or Parsing Words [04:13]
This is an interesting video. An excellent example of "Senate Doublespeak," by pretty much every senator who spoke at this press availability. Read more about "Sanders Convenes Social Security Caucus," An Object Lesson In Senate Doublespeak, or Parsing Words [04:13]
[Tue Feb 01, 2011 at 03:36 PM PST]
SOCIAL SECURITY "OFF THE TABLE?" YOU GOTTA BE KIDDING!!! Read more about My February 2011 "Daily Kos" Diary On Social Security Reform--Revisted [Corrected Version]
REVISED--Senator Kent Conrad (Video) Personally Endorses Three Cuts To Social Security, Wall Street Journal CEO Council [01:00]
[Hat Tip to kgblogz.com for allowing me to link to my blog post there.]
Apparently, the link to this video clip is no longer working at C-Span, so it rendered the link in my previous diary here, inoperable. Here's a new version:
If this doesn't work, here is a link to a working embedded version of this 1 minute clip.
Also, here is the C-Span link to the entire Conrad interview at the CEO Council.
Senator Conrad ticks off the Bowles-Simpson prescription for Social Security reform. One revenue change, adjusting the cap on wages up several thousand dollars over many years, and of course, the three (3) recommended "cuts" to Social Security.
REVISION: Please take a moment to view this video. And please Retweet the "Tweet" below, which links to the kgblogz post and video.
Conrad outlines the very worst scenario. And, unfortunately, the most likely one. Read more about REVISED--Senator Kent Conrad (Video) Personally Endorses Three Cuts To Social Security, Wall Street Journal CEO Council [01:00]
Kent Conrad Endorses All Three Cuts To Social Security Program, Video, Speaking At The Wall Street Journal CEO Council [01:00]
Here's the link. [not embeddable]
*************SORRY, THE C-SPAN LINK HAS BEEN REMOVED****************
[Conrad says that he is "speaking for himself."]
This is as good as it gets, when it comes to having the Bowles-Simpson "recommendations" for cutting Social Security articulated in a public forum.
Here's the transcript:
00:00:00 THE SOLVENCY OF SOCIAL SECURITY ITSELF.
00:00:05 >> THAT IS DONE, HOW?
00:00:07 >> IT WILL BE DONE IN SEVERAL DIFFERENT WAYS TO EARN ONE OF THE WAYS IT IS WE WILL EXTEND THE CAP IN TERMS OF WHAT INCOME IS EXPOSED FOR FUNDING SOCIAL SECURITY.
00:00:22 THE AGE WILL BE EXTENDED OVER AN EXTENDED A PERIOD OF TIME.
FOUND THIS TAPE AND TRANSCRIPT TO BE QUITE INTERESTING. AND FRANKLY, I'D TAKE NORQUIST'S WORD 'TO THE BANK' ON TAX MATTERS.
SO, THIS IS THE 'TRUE' POSITION OF THE DEMOCRATIC PARTY WHEN IT COMES TO TAX REFORM. JUST WHAT I SUSPECTED. Read more about Grover Norquist TV--Love Him or Hate Him, He "Has The Goods On" The Democrats [01:23]
A Panel Discussion by the 1983 Greenspan Commission--"Social Security Not Primary Source Of Deficit Problems," Clip #2 [0:27]
Here's the direct link.
According to Janice Gregory, President of the National Academy of Social Insurance, "Social Security is not a major, primary source of our deficit and mandatory spending problems. It just isn't. It's nearly a flat line."
The reason that I've included this "very basic clip" is to provide readers with a knowledgeable source (Ms. Gregory) to quote, if called upon to substantiate the claim that Social Security does not contribute in a major way to the deficit.
“If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” — Woodrow Wilson Read more about A Panel Discussion by the 1983 Greenspan Commission--"Social Security Not Primary Source Of Deficit Problems," Clip #2 [0:27]
A Panel Discussion by the 1983 Greenspan Commission--"Social Security Replacement Rates Already Going Down," Clip #3 [1:17]
Here's the direct link.
According to Ms. Janice Gregory, President, National Academy of Social Insurance, Social Security benefits are already going down in the future (without further cuts).
Benefits are modest, approximately $14,000 annually.
After paying Medicare premiums, the Social Security "replacement rate of lifetime average earnings" in 2010, was 39%.
By 2030, it will be 32%.
Neither of these rates count "taxing" Social Security benefits, so it understates the problem.
“If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” — Woodrow Wilson Read more about A Panel Discussion by the 1983 Greenspan Commission--"Social Security Replacement Rates Already Going Down," Clip #3 [1:17]
"No, Mr. Clinton. 'Means Testing' Does Not Make Social Security A More Progressive System" [Corrected/Revised]
After further reading, I felt that I had "mis-conflated" Mr. Clinton's words to refer to the Special Minimum Benefit.
I will address the importance of the 'Special Minimum Benefit' and the 'Hardship Exemption' in a later post. It really should be important to all of us, for several reasons. The foremost reason is that 'we' should collectively care about the most vulnerable members of our society, and this benefit is essential. Secondly, we need to realize that the PtB are "out there" strongly implying that the proposed increase in this benefit, is one reason that it is necessary for the rest of us to "take a haircut." And this is absolute hooey.
Indeed, his reference to 'how his Social Security benefit might be lowered, or done away with,' clearly demonstrates that his intended reference was to the (B-S) Fiscal Commission's recommendation that Social Security benefits be subjected to progressive price indexing, or 'means testing.'
This glaring error demonstrates that 'it is best not to start writing a blog at almost midnight.' ;)
Remember all the jubilation in the "progressive community" after VP Biden's trip to the Coffee Break Cafe in Stuart, Virginia. According to the White House pool report, when a diner there said, "I’m glad you all are not talking about doing anything with Social Security," Mr. Biden responded: "Hey, by the way, let’s talk about Social Security. Number one, I guarantee you, flat guarantee you, there will be no changes in Social Security. I flat guarantee you." Read more about Can You Say, "I've Been Punk'd." (Revised)