Skip to main content

View Diary: The Thing About Social Security (178 comments)

Comment Preferences

  •  Fixing SS should not have been part (7+ / 0-)

    of this negotiation. But that ship has sailed(maybe). So much kabuki,it is hard to say.

     Given that a chained cpi is only one way to "strengthen" SS, why isn't anyone wondering why the other options aren't on the table? Because raising the cap and/or making the benefit formula more progressive would affect the wealthier among us. And we can't have that. So instead, we will use a dubious chained cpi to cut already modest Social Security benefits and increase income taxes for working Americans. Shoveling money to the top is all the rage in DC, having a social safety net or crafting sound social policy, not so much.


    "George RR Martin is not your bitch" ~~ Neil Gaiman

    by tardis10 on Sun Dec 23, 2012 at 10:31:09 AM PST

    •  i think people have pondered why other things (0+ / 0-)

      aren't being considered.  the answer is the GOP-controlled house and what can get by them.

      chained CPI would only affect taxes if they adopt it there, too.  that is not guaranteed.

      enacting chained CPI with extra stipends for the poorest seniors and those over 80 is a rather back-door way of means testing and would basically pay less SS to those who don't need it while taking care of those who do.

      do you have an idea that can pass the house?  should we wait until next year or the next congress?  the next administration?

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

      by Cedwyn on Sun Dec 23, 2012 at 12:29:06 PM PST

      [ Parent ]

      •  No, it is part of a larger & longer con. (2+ / 0-)
        Recommended by:
        SpecialKinFlag, Roger Fox

        Would I rather nothing be done re: SS right now? Damn straight. This is not the time to strengthen SS. Good news is it is both politically unpopular and unnecessary to do so. Here's hoping the Dems in congress get that.

        All this frenzy to diminish SS because Wall St. & Pete Peterson's utterly corrupt Fix the Debt says so? Because it is easier in DC to steal from seniors than to make the top 2% pay taxes somehow still doesn't make it right,imo.  
        Have you read this?  Here's a taste:

        In their world the President’s counter-offer represents the “left” side of the political spectrum. It slashes Social Security $122 billion over ten years, increases the tax burden on middle-class (but not high-earner) income, and calls for only a $100 billion reduction in planned defense spending.

        That’s right:  The President’s “compromise” counter-offer asks seniors, veterans, the disabled, and non-wealthy working people to “sacrifice” roughly three times much as the Pentagon and its contractors. It reduces an 85 year old’s benefits by 6.5 percent and a 95 year old’s by 9.2 percent, while trimming less than one percent from our trillion-dollar defense budget.  What does that say about our values?

        As for an idea,how about following Leon Panetta's advice & cutting 74 Billion on outmoded weapons we don't need? And stop this as well. But right now,today? I'd say the Democratic Party better decide how to at least pretend better that they are on the side of the American people.

        "George RR Martin is not your bitch" ~~ Neil Gaiman

        by tardis10 on Sun Dec 23, 2012 at 02:09:17 PM PST

        [ Parent ]

      •  All told, chained CPI raises average taxes by (1+ / 0-)
        Recommended by:
        about 0.19 percent of income. So, taken all together, it’s basically a big (5 percent over 12 years; more, if you take a longer view) across-the-board cut in Social Security benefits paired with a 0.19 percent income surtax.

        You don’t hear a lot of politicians calling for the drastic slashing of Social Security benefits and an across-the-board tax increase that disproportionately hits low earners. But that’s what they’re sneakily doing when they talk about chained CPI.

        The intention is to apply the Chained CPI Index to ALL federal transfer programs (Social Security, Soc Sec Disability, VA Disability, the Tax Code, etc.)

        Read The Moment of Truth!

      •  Tardis is right, leave it alone (1+ / 0-)
        Recommended by:

        FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

        by Roger Fox on Sun Dec 23, 2012 at 08:15:47 PM PST

        [ Parent ]

    •  Don't forget, this is only round one. And Dems (0+ / 0-)

      repeatedly chant that "everything is on the table."

      I suspect that this is the one truth that they all tell.

      This is the first cut offered up, because it is the most obscure and confusing.

      Just look at the conversations here, LOL!

      •  no the first thing the GOP asked for (0+ / 0-)

        was raising the retirement age.

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

        by Cedwyn on Sun Dec 23, 2012 at 04:24:04 PM PST

        [ Parent ]

        •  The Chained CPI Index was offered to Boehner (0+ / 0-)

          by President Obama in July 2011.

          [I said that this is the first cut "offered up."  Not asked for by Boehner this year.]

          Here's the link to the document leaked to NBC and Bob Woodward.

          Here's the excerpt:

          "Apply the Superlative CPI to Social Security, mandatory programs, and the tax code beginning in 2015, . . ."
    •  The REAL way to strengthen SS is to (5+ / 0-)

      increase employment among working-age people.  More people pay in = more revenue = stronger SS.    

      Improving pay rates for lower-paid workers would help also.  

      Renewable energy brings national global security.     

      by Calamity Jean on Sun Dec 23, 2012 at 03:26:37 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site