The President's Social Security Plan Is a Really, Really Bad Idea

Including Chained CPI in the Budget was really a cruel trick President Obama pulled on fellow Democrats (In addition to seniors, veterans and others who rely on Social Security for their very survival). President Obama isn't going to appear on another ballot, but his Democratic Party colleagues in the House and Senate face the voters in 2014. The Democrats cutting Social Security benefits is a gift to the Republicans who want to retain the House and takeover the Senate. You don't compromise on core principles ... cutting Social Security, Medicare or Medicaid benefits is compromising on core principles. I wish that President Obama would occasionally forget he is a lawyer, then he might stop painting himself into a corner like this in his ardor to get a deal.



And, no, in this case I don't think the President is playing chess while the rest of us play checkers ... in this case I simply think the President and his advisers blew it when they could least afford to.
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The President's Social Security Plan Is a Really, Really Bad Idea

Think of the double plus for Wall Street of Privatized Social Security.



First, they get a constant, mandated influx of revenue into their dicey, fraud-based markets.



Second, the Privatized Wall Street version of Social Security would be a perfect hostage for a Financial Services Industry that relies on securities kiting, wealth counterfeiting though derivatives and CDS contracts, and outright Bernie Madoff style Ponzis to simulate prosperity, for, never again, could an un-bailed out market crash be tolerated for it would immediately dump millions upon millions of Americans into poverty. The US Government would be obligated to cover Wall Street's bad bets, for it would be a National Security issue not too.



And, you're correct, Obama is tight with Wall Street, for no individual would ascend to the office of the President without that being the case .. they wouldn't make it that far in contemporary America.
About Barack Obama
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Club For Growth Looking For Primary Challenger To Greg Walden After His Chained CPI Opposition

Club For Growth is led by Count Chocula? Was Frankenberry too Liberal?
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Rehtaeh Parsons Was My Daughter

Condolences, Mr Canning, Rehtaeh deserves Justice, I hope the Justice System of Nova Scotia is capable of delivering it.
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Jesse Benton, McConnell Campaign Manager, Says Secret Recording Was 'Gestapo' Scare Tactic

The Right Wing is a target rich environment for this type of stuff for they all suffer from low morality and absent ethics. How is picking up an apple that fell from an overladen tree a Gestapo tactic?
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Elizabeth Warren 'Shocked' At White House Plan To Cut Social Security With Chained CPI

President Obama has officially entered lame duck status with this budget.
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John Boehner: Obama Budget Deserves Some Credit For Entitlement Cuts

Only the most meaningless people in the United States want a Grand Bargain.
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Dick Cheney Warns GOP On North Korea: 'We're In Deep Doo Doo'

If Cheney wants to compare Kim Jung-Un to Saddam then we are perfectly safe. Saddam was never a threat.
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Karl Rove Heckled Throughout Speech In Massachusetts, Called 'Murderer,' 'Terrorist' (VIDEO)

Rove is the scum of the Earth, respectfully.
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Brain Dead: Why Is D.C.'s Answer to the Jobs Crisis a Deficit Solution?

The folks in Washington DC have THEIR jobs, it's not like they're public servants.
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John Boehner: Obama Budget Deserves Some Credit For Entitlement Cuts

Boehner should praise the President for his proposed "entitlement" cuts, for it insures he'll remain Speaker after 2014.
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Tomorrow's Presidential Budget: Questions of Judgment?

A friend of mine, who blogs here too, Michael Gene Sullivan, made a very clear point on the budget negotiation on a Facebook post. He said:



"What Obama doesn't seem to get yet is that A: the other side hates him, and will never agree to anything he comes up with, and B: the compromise between a good, workable idea and a bad, unworkable idea is still a bad idea. If one side wants the people to have beef stew, and the other wants to feed the people shit stew if you mix the two you get - shit stew."
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Arkansas Unemployment Drug Testing Bill Passes State Senate

All of the lawmakers that vote for this nonsense should be audited by the IRS for kickbacks.
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Mary Jo White, New SEC Chair, May Not Participate In Key Enforcement Decisions In First Year

How typical ... another SEC Chair too compromised to participate in the duties of the position she holds.
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Paul Krugman: Margaret Thatcher Shouldn't Get Too Much Credit

The Elites, who own the media, will lionize Thatcher because, in the reverse Robin Hood world of Conservatives, she increased the wealth and power of the wealthy and powerful at the cost of The People ... and, to the Gilded Class that makes her a Saint.
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Margaret Thatcher Receives Critical Eulogy From South Africa

I appreciate honesty.
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Rick Santorum: It Would Be 'Suicidal' For GOP To Embrace Gay Marriage

Rick's right. As we all know, there has never been a Gay Conservative Republican ... ever. Um, except for ...
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Mike Reynolds, Oklahoma Rep: 'It's Not Our Job To See That Anyone Gets An Education'

Rep Reynolds thinks the inbred WASP elites have all the brains America needs ... good luck with that.
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Is The War On Drugs Nearing An End?

I wouldn't be surprised if voter disenfranchisement is behind the drug war felony convictions, which effect minorities and the poor predominantly. No better way for Republicans to leverage the electoral game to their benefit than by taking the voting rights away from groups that tend to be politically hostile to them with felony drug convictions.
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Tax Lobby Builds Ties To Max Baucus - NYTimes.com

The lobbyists gifted Baucus with his current wife, didn't they?
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