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View Diary: A Promise Broken To Seniors (257 comments)

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  •  good lord...this is not about me, hey? (0+ / 0-)

    the facts are these:

    all spending bills must originate in the house.  so if obama/dems want to extend UI or other stimulus, they've got to dance with boehner.

    social security may not contribute to the debt, but it will not be solvent past 2030.

    the baby boomer cohort is entering SS now; the labor pools that replaced them haven't been nearly so large.

    for women, who live longer than men, the median age at death is 80.  i.e., there aren't too many people over that age.

    so SOMETHING has to be done to SS for it to survive the boomers' retirement.

    given all of the above, chained CPI is really not such a horrid thing, especially if they bump up the benefits for those over 80 and protect the most vulnerable. there are plenty of seniors who don't need their SS money; a difference of 3% over 10 years isn't going to kill anyone.

    Please don't dominate the rap, Jack, if you got nothin' new to say - Grateful Dead

    by Cedwyn on Fri Dec 21, 2012 at 06:16:52 AM PST

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    •  All spending bills (0+ / 0-)

      do not originate in the House. There is a technical workaround that is used all the time in the Senate -- substitution.  

      They take a bill that has passed the House.  It can be a completely unrelated bill. They remove all of the bill text and replace it with text completely originated in the Senate.

      The new bill has to pass the House, obviously, but the text of the bill does not have to originate there.

      "Justice is a commodity"

      by joanneleon on Fri Dec 21, 2012 at 12:08:58 PM PST

      [ Parent ]

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