The budget conference committee meets this week to hammer out a "bipartisan compromise," before kamikaze conservatives” pull the economy into another nosedive. CBO Director Doug Elmendorf has some advice:
Just a reminder here that the Grand Bargain was not conceived as a "deal" between the Republicans and Democrats to cut the "entitlements" in exchange for some "revenue." That's the "Balanced Approach" set forth by the President in the 2012 campaign.
On Wednesday, a panel discussion and press conference were held to examine Social Security’s role in in the retirement income crisis. An overwhelming majority of Americans believe that Social Security benefits should not be cut.
It is a bit worrying that the White House has to explain virtually every day now that just because it sounds like White House officials and the president are putting entitlements on the chopping block doesn't mean they really are doing it.
An early glitch in the collection of Social Security wage problems stoked a panic that millions wouldn't get their checks. Like most problems with new programs, it got fixed.
Ruth Marcus fills us in on what constitutes "reasonable" now that the Republicans have proven themselves asses with their government shutdown. And, you guessed it, it's time for Democrats to compromise and agree to cut "entitlements."
The right-wing American Legislative Exchange Council has jumped into the conservative effort to dismantle public pension systems in a big way. So has TIAA-CREF, which markets the kind of plans that ALEC wants states to move to.
In 12 weeks our new system of government-by-crisis will resume: more threats, more confrontations, more extreme rhetoric. This can only play out a few ways, most of which involve Medicare and Social Security cuts.
Remember in 2009, when Jim DeMint said health care reform would be President Obama's Waterloo? Four years later, defunding health care reform became the GOP's Alamo. But Republicans aren't done damaging their party, or the rest of the country, yet.
This Thomas Friedman column is so bad,you have to read the whole thing to experience the full horror of it. It reads like something the messaging shop at Fix the Debt put together to sound like Thomas Friedman.
In the wake of our report on the effort to undermine public pensions, David Sirota writes in Salon about an organization created by John Arnold poised to lead an attack in California that could damage workers nationwide.
Wall Street and their Washington hired hands are the big advocates of a “Grand Bargain” to end the government shutdown, but it turns out that for America's working families, the Grand Bargain is a Grand Bamboozle.
It's nice to think that you can plan everything properly, make the right decisions, be smart, be successful. But you just don't know when life is going to toss you a curve ball that sets you off on a totally different course.
President Obama's “no negotiations” posture only applies to the debt ceiling, and his budget still includes the “chained CPI” cut. Republicans are still railing against the programs they call “entitlements.” They're all looking for a deal.
Even in the lazy days of summer, there are troubling signs that a "Grand Bargain" could still wind up cutting Social Security benefits. This is no time to be complacent. We need activism on this issue, now more than ever.