New Blog Post: Governor Oops never fails to disappoint – True to his unprincipled belief in crony capitalism and sel… http://ow.ly/1lhSgE
Kudos to @markknoller & @mikeallen for effective 9/11 tweets. Knoller – path of president today; Allen – the AP 2001 timeline heads.
President Obama called for Medicare and Medicaid reform in his jobs speech to Congress. And Texas Gov. Rick Perry called Social Security a “Ponzi scheme” in the previous night’s Republican debate.
It looks like everything could be up for grabs in the bipartisan race to dismantle our Federal government’s social safety net.
A Bipartisan Move to Tackle Benefits Programs
At the same time, Republicans and Democrats on Capitol Hill expressed a willingness to wring savings from the long-untouchable programs during the first meeting of the special committee that is charged with recommending $1.5 trillion in deficit reductions over the decade. Then President Obama, in his address to a joint session of Congress on spurring job creation, reiterated his call for a plan reducing long-term debt with both changes in entitlement programs and taxes from the wealthy.
To the chagrin of many in his party, this summer Mr. Obama proposed changes in Medicare and Social Security that once would have been unthinkable for a Democratic president during his unsuccessful talks with the House speaker, John A. Boehner, for a “grand bargain” on cutting deficits. In return for the Republicans’ agreement to raise taxes after 2012 for the wealthy, Mr. Obama indicated that his party would support slowly increasing the eligibility age for Medicare to 67 from 65 and changing the formula for cost-of-living increases in Social Security to a less generous one that some economists consider more accurate.
Until Mr. Perry’s recent entry into the Republican contest, the debate over reining in the projected growth of the entitlement programs focused on the health programs, Medicare and Medicaid. Their projected costs, given the aging of the population and fast-rising medical expenses, are greater and growing faster than those for Social Security.
The turn in both parties toward tackling the cost of the entitlement programs has been building. In 2010, Congressional Democrats approved about $500 billion in future savings from Medicare to help pay for the new health care law, though Republicans attacked them for it in last year’s midterm elections. But the onset of the new deficit committee’s work and Mr. Perry’s scathing critique of social spending has added a new dimension.
At the first meeting of the House-Senate committee on deficit reduction, which is to make recommendations by Nov. 23 for a quick up-or-down vote in Congress, several Republicans said that entitlements were the main cause of annual deficits and should be the panel’s focus.
James E. Clyburn of South Carolina, a House Democratic leader on the panel, said that he was for “smart and compassionate budget cuts” and “ending military adventurism,” but that Congress must not shred Social Security, Medicare and Medicaid benefits.
Separately, the senior Democrat on the House Ways and Means Committee, Sander M. Levin of Michigan, circulated a memo listing two dozen options that could squeeze more than $500 billion out of Medicare in the next 10 years. Aides to Mr. Levin said that he was not endorsing the ideas but helping other Democrats understand the sorts of actions that could be taken.
Y’all understand that Pres. Obama’s athletic ability is insufficient to jump thru all hoops demanded by obsessed critics http://ow.ly/i/gCDB
Pres. Obama, Sec’y Clinton & Ambassador Rice may have invented a new war-form: “Boots Off the Ground.” Pres.’ wisely credits Libyans.
Pres. Obama is staying low key & above the fray as politics tries to take an Aug. vacation. Unfortunate result: he appears too detached. http://ow.ly/i/g4V3
Lori Montgomery, at the Washington Post, writes in April:
“. . . the commission plans to hold monthly public meetings and to invite the public to submit written comments. The meetings are tentatively set for 9:30 a.m. to noon monthly, on the last Wednesday of May through September, as well as Nov. 10 and Dec. 1, the date President Obama has asked commission members to deliver a plan to stabilize the soaring U.S. debt. . .Because the commission is operating on “a shoestring,” Reed writes, it has few paid staff members and no money to organize field hearings outside Washington. Instead, the memo says, “we will work with outside organizations to give you additional opportunities to address these issues in your capacity as commissioners. The commission has “a small office” on F Street NW, Reed writes, “down the street from the Dubliner and the Irish Times,” well-known Capitol Hill watering holes. The Commission’s office number is 202-233-3000.”