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View Diary: Obama and Congress return to Washington for one last try (90 comments)

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  •  only if we let it happen (6+ / 0-)

    Chained cpi can be made to go away if we demand in exchange 100% of all income be made subject to ss and medicare taxes.

    Its not much fun to screw others over if you end up with a bigger screwing in return.

    The other change that would get them to stfu is to demand a financial transation tax.

    We have got to start pushing for alternatives that are more painful to them. If we keep letting the villagers sell entitlement reform without financial system reform we end up with a fecal material sandwich for the bottom 98% of the economy.

    The long game of the randistas has been to reduce ss benefits to pay for their obscenely low tax rates. We do not need to look at ss for cuts if we eliminate the earnings cap.

    •  Wall Street told DC to jump, and DC asked how high (2+ / 0-)
      Recommended by:
      jabney, cslewis

      It's not complicated.  Sadly, while it's a truly bipartisan effort, one party is, when push comes to shove, more willing to bend to the Street's dictates, and said party isn't the one that we universally despise here.

      Chinese credit agencies and the TBTI (too big to indict) financial institutions told the president it was time to come home, and he obeyed their dictates.  He's not going to do so and come away empty-handed this time.  What Big Finance wants, Big Finance will get.  

      It's only a matter of time.

      Some men see things as they are and ask why. I dream of things that never were and ask why not?

      by RFK Lives on Wed Dec 26, 2012 at 08:21:38 AM PST

      [ Parent ]

    •  "we" don't get a vote. (1+ / 0-)
      Recommended by:
      RFK Lives

      I'm not saying that we should stop screaming about this.  We should scream louder. But it's been pretty clear that Obama and the corporate Dems want austerity, and this is how they get it, by letting themselves be forced into the deal that they want anyway, and blaming the republicans for it.

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