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View Diary: Dick Durbin's new Social Security reform commission (Social Security Defenders blogathon) (205 comments)

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  •  Excellent diary (33+ / 0-)

    There is a lot of great information in this diary and some very scary stuff too.  First, Dick Durbin's own words:

    I want to stress — this is not part of deficit reduction. Social Security does not add to the deficit. But it is still our responsibility to make sure that it’s there. And I honestly believe, if you sit down with most people and said, for example, let’s extend the Social Security retirement age to age 68 – what we said in Simpson-Bowles, let’s do it over 40 years – 40 years. One year of eligibility over 40 years.  [...]  This morning’s Wall Street Journal talked about people not saving enough for retirement. For goodness sakes, let’s assure them that Social Security is going to be there. And I think most of them will say, if it’s $3.50 a month for the average recipient, that’s not too heavy a price.
    Durbin admits that Social Security does not add to the debt.  So if it is not part of deficit reduction, why is Social Security even being put on the negotiating table as part of the deficit negotiations?  

    Second, people are not saving enough for retirement because they have no money to save.  Wages have been suppressed over the last several decades to the point that 90% of the population has lost buying power.  Now many businesses are going to an out sourced or part time employee mode to avoid providing benefits such as health care.  That means that workers must pick up that additional cost out of pocket.

    So instead of proposing to increase the contributions to Social Security, the Democrats are pushing a "fix" is based upon cutting benefits.  For the life of me, the only reason I can think of for wanting to cut benefits versus increasing contributions is to get Republican buy off.  This is politically foolish and uses the Republican playing field as the starting point.  Will Dems ever learn or do they really want to?  I think it is obvious that it is the latter.

    "Growing up is for those who don't have the guts not to. Grow wise, grow loving, grow compassionate, but why grow up?" - Fiddlegirl

    by gulfgal98 on Tue Mar 26, 2013 at 08:26:07 AM PDT

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