Comments on: Obama’s budget bid for a ‘grand bargain’ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: ideallist2 Fri, 12 Apr 2013 11:54:11 +0000 If the American people had wanted the compromise budget proposed by President Obama, they would have voted for Romney.

By: OneOfTheSheep Thu, 11 Apr 2013 17:29:33 +0000 @QuietThinker,

Can you provide credible evidence that the present SS COLA “overcompensates”? A COLA is, by definition, a purported commitment to preserving purchasing power.

It’s necessity is a matter of equity in any country whose government perpetually follows a policy of ongoing gradual debasement of it’s currency. Few understand that the U.S. never paid off the debt it had incurred by the end of WW II. It merely, over the years, has decreased the purchasing power of all those dollars to insignificance.

The SS COLA has NEVER been accurate for the simple reason that the “items in the typical shopping cart” of the average American and the “items in the typical shopping cart” of those of advanced age are quite different.

Seniors usual own their own homes, and buy few cars or clothes, major and recurring expenses for “the rest of us”. Instead they buy food, medicine, health care, utilities, fuel, bus tickets and taxi service, all being those expenses that have risen much faster in recent decades than the CPI.

This is known widely and consciously ignored because many in our government would rather use their “political capital” to grant Amnesty to twenty million illegal alien invaders from south of our border. While they know these people and their families will, over time, bankrupt this country and its social programs, in the short term there votes there…theirs for the buying. Stealing purchasing power from defenseless seniors is easy and leaves no stain on the hands of those guilty.

This is an obvious example of “giving aid and comfort” to enemies of America even as it abrogates the existing “social contract”. It is thus “treason” and all associated politicians who so indulge should be put up against a wall and executed by those whose votes and interests they have betrayed.

By: upstater Thu, 11 Apr 2013 12:36:56 +0000 Why does Reuters allow this paid shill for the billionaire Petersen and his “Institute” run his advertising disguised as a column?

The billionaire lass wants privatized social security, in spite of the fact that defined-contribution retirement plans (401Ks, IRAs, etc) have been a near complete-failure.

The SS Trust Fund is healthy though the mid-2030s and VERY MINOR tweaks of FICA withholding would fix that problem. Remove the income cap on FICA and we could even lower the retirement age.

Walker is a hack. Don’t give this hack air-time.

By: QuietThinker Thu, 11 Apr 2013 12:30:08 +0000 Chained CPI is the Holy Grail of Social Security fixes. If the goal of fiscal conservatives is to prevent runaway inflation, this is the key. Republicans should consider almost any compromise to make chained CPI happen now. Overcompensation for inflation for a large portion of the population (our future demographic for social security) results in a feedback loop that greatly amplifies inflation in following years.

By: Matt10101 Thu, 11 Apr 2013 01:59:51 +0000 I think one of the things that hasn’t been mentioned too much, is that unlike most of Congress, President Obama doesn’t need to consider reelection. Whereas he is in a position to make unpopular decisions for a long term gains (though as the author says, it may still be falling short of what’s needed), Congressional members on both sides are risking their seats in office. Personally, it’s why I wonder why Congress has no limits to the number of terms they can serve, but that’s an argument for another day.

By: Leftcoastrocky Wed, 10 Apr 2013 23:04:22 +0000 The Teapublicans only goal is to destroy Obama, so no agreement will be reached.