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The last episode of  'The Raiders of Your Lost Retirement' celebrated yesterday's great news that PBO met with labor leaders and some progressive orgs and left them heartened about protecting Social Security ....

That news was tempered by speculation that part of the fiscal fail plan upcoming is an attack on Medicare.

Today for some reason  the President will meet with a group of losers called 'Fix the Debt' which include those grand purveyors of 'let them eat  catfood ' .

Democracy Now!

As Talks Begin on "Fiscal Cliff," Report Warns "Fix the Debt" a Front for More Corporate Bailouts
As the White House begins a series of meetings today on the looming "fiscal cliff," a coalition of the largest corporate firms and advocacy groups is lobbying for wide-ranging cuts in government spending, including to programs like Medicare and Social Security. The group, which includes 80 of the country’s most powerful CEOs, is called the Campaign to Fix the Debt. It was co-founded by former Clinton White House Chief of Staff Erskine Bowles and former Republican Sen. Alan Simpson, previously the co-chairs of President Obama’s bipartisan National Commission on Fiscal Responsibility and Reform. Critics have accused the group of using the budget crisis to push for corporate tax cuts. We are joined by Sarah Anderson, director of the Global Economy Project at the Institute for Policy Studies and co-author of the new report, "The CEO Campaign to 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks." [includes rush transcript]
Filed under  tax reform, Election 2012, Sarah Anderson

Just sickens me to see him giving this group ANY credibilty, but I know, I know, President of all the people, bipartisanism, don't panic, the President's got this, he's always had this, multi-dimensional chess FTW!!!!!  Sorry, I apologize. Just frustrated.

What to do?

What's most heartening to me is to see such a difference between what groups who elected the Pres did in 2008 and now. Mobilization for traditional Dem New Deal values STRONG !

Here's an action to take today :

Campaign for America's Future

Stop The Grand Swindle

Election Day was a smashing victory for progressives and middle-class populism. But the deficit hysterics, budget slashers and Social Security haters refuse to heed our voices.

Within hours, the austerity posse was fear-mongering around the so-called “fiscal cliff” and pressuring Washington to accept a “grand bargain” before the end of the year that would slash Social Security, Medicare and Medicaid – and plunge us into a double-dip recession

We spoke out on Election Day. Now we need to speak out louder than ever.
Click here to tell Congress: No deal that cuts Social Security, Medicare or Medicaid. No deal that keeps low tax rates for the rich. No deal that kills jobs with more cuts.

A massive coalition has formed to tell Congress there are four pillars they must adhere to for any compromise to be accepted by America’s progressive majority.
 1.End the Bush tax cuts for income over $250,000.
    2.Invest in jobs, education and infrastructure to grow the economy.
    3.Reject any cuts to Social Security, Medicare and Medicaid.
    4.Protect the social safety net.
Click here to tell Congress: No deal that cuts Social Security, Medicare or Medicaid. No deal that keeps low tax rates for the rich. No deal that kills jobs with more cuts.

These principles are the foundation of last week’s resounding election victory. Congress needs to know that if it doesn’t follow the will of the people, the people will fight back.

Right now, the austerity cabal is working inside the halls of Congress. It’s time for us to pound on the doors.

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Comment Preferences

  •  Millions without jobs, yet DC is diddling about (14+ / 0-)

    the deficit?  Fail.

    Photobucket Occupation Santa Fe, Fall, 2011

    Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

    by divineorder on Wed Nov 14, 2012 at 06:57:52 AM PST

  •  Went ahead and signed it. Outside of getting (7+ / 0-)

    out in the streets I'm not sure what else to do.  Based on the defense I'm seeing for Obama's actions on this so far, I don't think we'll get alot of help from the Democratic party.  I suppose there will be some protests depending on how the Kabuki theater presentation proceeds.  This is a test in a way.  How will our oligarchy implement the global austerity measures in this country and how will the citizens respond.  Other countries (Greece, Spain, etc.) indicate the ruling class can get away with a whole lot even with significant protests.  It doesn't look hopeful, particularly with the reticence to tax the rich and curtail global military imperialism. I don't see whatever they come up with stopping the national debt from continuing to rise.    
    Tax the rich, feed the poor, till there are no rich no more.

    "The Global War on Terror is a justification for U.S. Imperialism. It must be stopped."

    by BigAlinWashSt on Wed Nov 14, 2012 at 07:12:53 AM PST

  •  Campaign to Fix the Debt... (7+ / 0-)

    ...a well-funded, connected group of corporate sociopaths and oligarchs who don't believe in democracy. They think that a small group of wealthy people in quiet rooms should determine policy for millions.

    The American people voices were heard on Election Day and all those these oligarchs want to do is basically complete their shock doctrine tactics on this country.

    They want America to be a third world country under the heel of corporate dominion like the rest of the countries they've pillaged in their singleminded pursuit of profit.

    They can't outright say they want a system of neofeudalism, but their actions say it all.

    Consider that petition signed. I'll also call Bill Nelson and Corrine Brown's offices to see where they stand and to give them a piece of my mind if they support this Austerity 2.0 policy.

    The Grand Bargain must be stopped at all costs to protect the 99%.

    by cybrestrike on Wed Nov 14, 2012 at 07:45:41 AM PST

  •  Let all tax cuts expire and then go for tax reform (3+ / 0-)

    As well. Fix SS by taking the cap off.

  •  Oh gawd (3+ / 0-)

    he's meeting with Pete Peterson again?  

    Seriously, can he not see how transparent Peterson and the Fix the Debt crowd are and what Peterson's motives have been for decades now?

    "Justice is a commodity"

    by joanneleon on Wed Nov 14, 2012 at 08:14:57 AM PST

    •  Campaign cash for Dem Party coffers is all I can (5+ / 0-)

      figure after reading Dean Baker

      But there is another set of economic considerations affecting the politics of social security. These considerations involve the economics of the political campaigns and the candidates running for office. The story here is a simple one: while social security may enjoy overwhelming support across the political spectrum, it does not poll nearly as well among the wealthy people – who finance political campaigns and own major news outlets. The predominant philosophy among this group is that a dollar in a workers' pocket is a dollar that could be in a rich person's pocket – and these people see social security putting lots of dollars in the pockets of people who are not rich.

      Cutting back benefits could mean delays in repaying the government bonds held by the Trust Fund. The money to repay these bonds would come primarily from a relatively progressive income tax revenue. The wealthy certainly don't want to see changes like raising the cap on wages that are subject to the social security tax, which is currently just over $110,000.

      For this reason, a candidate who comes out for protecting social security can expect to see a hit to their campaign contributions. They also can anticipate being beaten up in both the opinion and news sections of major media outlets. While, in principle, these are supposed to be kept strictly separate, the owners and/or top management of most news outlets feel no qualms about removing this separation when it comes to social security – and using news space to attack those who defend social security.

      Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

      by divineorder on Wed Nov 14, 2012 at 08:32:50 AM PST

      [ Parent ]

  •  this is what "fix the debt" is about... (6+ / 0-)

    Corporations Calling To ‘Fix The Debt’ Want $134 Billion In Tax Breaks

    Ahead of negotiations over the so-called “fiscal cliff” and what promises to be another fight over raising the debt ceiling, 63 CEOs representing the largest U.S. corporations, including several Wall Street firms, launched a campaign to supposedly “fix the debt.” However, this campaign calls for additional corporate tax cuts by switching the U.S. to what’s known as a “territorial” corporate tax system, along the lines of that proposed by Mitt Romney.

    According to a report by Institute for Policy Studies, the corporations involved could gain up to $134 billion in windfalls if Congress approves such a system, which exempts foreign earnings from the U.S. corporate income tax.

    fix the debt is just another pete peterson aligned group of 1%ers howling because they want to steal more from the 99%.

    want to know whose side obama is on?  get on the clue train, obama's been in bed with the captains of catfood from the get-go:

    When Obama’s new Deficit Commission gets going, it has plans for "partnering“--in the words of executive director Bruce Reed--with outside groups. Among them will be the foundation run by Wall Street billionaire Peter G. Peterson, who today is upstaging the president with his own fiscal summit in Washington. Obama insists he is keeping an open mind about how to deal with the deficit and national debt-- but he’s already stacked his own commission with people who lean heavily toward one particular solution: cutting entitlements for the old, the sick, the disabled, and the poor. And if that wasn't enough, he now looks to be working hand-in-glove with a wealthy private organization whose central purpose is to cut Social Security and Medicare. Talk about foregone conclusions.

        In June, according to the Washington Post,  Obama’s deficit commission will be participating in a 20-city electronic town hall meeting, put together by an organization called America Speaks. It is financed by Peterson, along with the MacArthur Foundation and Kellogg Foundation. This is a truly unusual event because it marks the first time a presidential commission’s activities are financed by a private group that has long been lobbying the government on the very subjects the commission is supposed to “study.

    here's another clue:
    the National Commission on Fiscal Responsibility and Reform [obama's catfood commission] has also come under attack for its unusual approach to staffing: Many of its employees aren't employed by the panel at all.

    Instead, about one in four commission staffers is paid by outside entities, many of which have strong ideological points of view about how to tackle the deficit.

    For example, the salaries of two senior staffers, Marc Goldwein and Ed Lorenzen, are paid by private groups that have previously advocated cuts to entitlement programs. Lorenzen is paid by the Peter G. Peterson Foundation, while Goldwein is paid by the Committee for a Responsible Federal Budget, which is also partly funded by the Peterson group.

    don't just sign the petition, get on the horn and give your representative hell...  and for goodness sake, get yourself some comfortable shoes!

    i'm part of the 99% - america's largest minority

    by joe shikspack on Wed Nov 14, 2012 at 08:39:42 AM PST

    •  Got, on it, thanks joe shikspack! (1+ / 0-)
      Recommended by:

      Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

      by divineorder on Wed Nov 14, 2012 at 04:09:56 PM PST

      [ Parent ]

    •  these 'clues' started early, even before being (0+ / 0-)

      sworn into office.
      Obama Pledges Reform of Social Security, Medicare Programs
      By Michael D. Shear
        Washington Post Staff Writer
        Friday, January 16, 2009

      President-elect Barack Obama pledged yesterday to shape a new Social Security and Medicare "bargain" with the American people, saying that the nation's long-term economic recovery cannot be attained unless the government finally gets control over its most costly entitlement programs.

      That discussion will begin next month, Obama said, when he convenes a "fiscal responsibility summit" before delivering his first budget to Congress. He said his administration will begin confronting the issues of entitlement reform and long-term budget deficits soon after it jump-starts job growth and the stock market.

       "What we have done is kicked this can down the road. We are now at the end of the road and are not in a position to kick it any further," he said. "We have to signal seriousness in this by making sure some of the hard decisions are made under my watch, not someone else's."
      But he framed the economic recovery efforts more broadly, saying it is impossible to separate the country's financial ills from the long-term need to rein in health-care costs, stabilize Social Security and prevent the Medicare program from bankrupting the government.

      "This, by the way, is where there are going to be very difficult choices and issues of sacrifice and responsibility and duty," he said. "You have to have a president who is willing to spend some political capital on this. And I intend to spend some.
      (emphasis mine)

      Yeah that should be concern number one, not a military budget bigger than the next ten Countries...combined , tax cuts to the super wealthy (which he continued), subsidies to the petroleum industries making record profits, tax credits for exporting jobs, corporations not only not paying taxes but getting huge 'tax credits', a nation of people whose health is held hostage by a profit driven operation, bankruptcies for people up to Donald Trump covered while student loans are exempt from bankruptcy pleas, and the damn list is too long but the point should be obvious as to which side Obama is on.
      So sign petitions, call your State, local and Federal reps, join local groups gathering in opposition, maybe be like the (victorious) students in Quebec and get out and bang pans,  but get involved.

      without the ants the rainforest dies

      by aliasalias on Thu Nov 15, 2012 at 12:14:03 AM PST

      [ Parent ]

  •  Signed your petition (1+ / 0-)
    Recommended by:

    Damn, the rest of this info is just so depressing.

    I don't believe in god, but I'm afraid of him. -Gabriel Garcia -8.75, -8.97

    by malevola on Wed Nov 14, 2012 at 11:56:05 AM PST

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