The people who built this country who are now getting old enough to collect Social Security will get a major cut in their Social Security if the Obama plan passes. That's a hardy thank you! That is a President who really understands people.
The President's proposal will have a hard time passing as it is opposed by his own party and Republicans will also be against it. We do not see that it will be approved. However, it does open the conversation to cutting or reducing Social Security which is the one benefit that all working Americans have contributed. It was supposedly put into your own account, but we know how that has worked!
This is not good for America, it punishes the producers--oh we forget, that is what you do when you want to ruin a country, which we believe it Obama's plan!
Conservative Tom
President Barack Obama’s proposal to change the calculation for Social Security cost of living increases is drawing hard criticism from Democrats, while Republicans are equally engaged in knocking his plan to raise more tax revenues.
Reaction was strong Friday when the White House confirmed that Obama’s annual budget request scheduled for release Wednesday would include a new inflation gauge for the Consumer Price Index that would effectively reduce future benefit increases for Social Security recipients.
“Democrats invented Social Security and have been protecting it for almost 80 years. They should be leading the charge against," former Clinton Labor Secretary Robert Reich wrote in The Huffington Post.
Editor’s Note: New 'Obamacare Survival Guide' Reveals Dangers Ahead for Your Healthcare
Reich, a noted economist, insisted the rate of growth in Social Security payments is already stingy, and that the program is flush for at least another two decades.
Nobel Prize-winning New York Times columnist Paul Krugman piled on Obama as well, arguing for an increase instead of a cut in the rate of growth in Social Security benefits.
“The shift from defined-benefit pensions to defined contribution, the rise of the 401(k), has been a bust, and many older Americans will soon find themselves in dire straits,” Krugman wrote Friday. “SS is the last defined-benefit pension still standing — thank you Nancy Pelosi for standing up to Bush — and should be strengthened, not weakened.”
Krugman’s mention of House Minority Leader Nancy Pelosi was a reference to her fight several years back with former President George W. Bush and Republicans who wanted to privatize the Social Security program, leaving it vulnerable to the ups and downs of the stock market. It was a strong position, he seemed to suggest, that made Obama look weak in the face of current GOP calls for entitlement reforms.
Sen. Bernie Sanders also weighed in, accusing Obama of going back on his word to the American people with his so-called “chained Consumer Price Index” plan that would result in lower benefit payments.
“In 2008, candidate Barack Obama told the American people that he would not cut Social Security,” said the Vermont independent who caucuses with the Democrats. “Having him go back on his word will only add to the rampant political cynicism that our country is experiencing today.”
Obama’s budget request, to be delivered more than two months later than usual this year, stands little chance of becoming law despite his Social Security proposal, which some Republicans seem to suggest was too little, too late. But the White House said it could help set the stage for a broader debt reduction package if Republicans are willing “to do more on revenues.”
House Speaker John Boehner quickly rejected that suggestion, complaining the president has consistently pushed for tax hikes but has done little to solve the nation's spending problem.
“The president and I were not able to reach an agreement late last year because his offers never lived up to his rhetoric,” Boehner said in a statement. “Despite talk about so-called balance, the president’s last offer was significantly skewed in favor of higher taxes and included only modest entitlement savings.”
“The president got his tax hikes on the wealthy with no corresponding spending cuts,” Boehner said. “At some point we need to solve our spending problem.”
The fiscally conservative Club for Growth also dismissed Obama’s budget proposal, saying it was “not a serious document.”
Editor’s Note: New 'Obamacare Survival Guide' Reveals Dangers Ahead for Your Healthcare
Andy Roth, the group’s vice president for government affairs, told Newsmax that Washington needs a more ambitious plan to tackle the country’s $16 trillion debt and $1.1 trillion annual deficit.
“It’s basically what we expected, just more tax increases and no solutions to balance the budget,” Roth said.
But he did credit the president for taking a leadership role for the first time in challenging House and Senate Democrats to address entitlement reforms. Still, Roth said the president's Social Security inflation adjustment would not be enough to help resolve the large government spending issue.
“This is small-potatoes stuff that he’s bickering with his colleagues about,” he said.
Read Latest Breaking News from Newsmax.com http://www.newsmax.com/US/obama-social-security-plan/2013/04/05/id/498077?s=al&promo_code=130D2-1#ixzz2Pn7KgOZi
Urgent: Should Obamacare Be Repealed? Vote Here Now!
The President's proposal will have a hard time passing as it is opposed by his own party and Republicans will also be against it. We do not see that it will be approved. However, it does open the conversation to cutting or reducing Social Security which is the one benefit that all working Americans have contributed. It was supposedly put into your own account, but we know how that has worked!
This is not good for America, it punishes the producers--oh we forget, that is what you do when you want to ruin a country, which we believe it Obama's plan!
Conservative Tom
Democrats Draw Hard Line Against Obama’s Social Security Plan
Friday, 05 Apr 2013 02:54 PM
Reaction was strong Friday when the White House confirmed that Obama’s annual budget request scheduled for release Wednesday would include a new inflation gauge for the Consumer Price Index that would effectively reduce future benefit increases for Social Security recipients.
“Democrats invented Social Security and have been protecting it for almost 80 years. They should be leading the charge against," former Clinton Labor Secretary Robert Reich wrote in The Huffington Post.
Editor’s Note: New 'Obamacare Survival Guide' Reveals Dangers Ahead for Your Healthcare
Reich, a noted economist, insisted the rate of growth in Social Security payments is already stingy, and that the program is flush for at least another two decades.
Nobel Prize-winning New York Times columnist Paul Krugman piled on Obama as well, arguing for an increase instead of a cut in the rate of growth in Social Security benefits.
“The shift from defined-benefit pensions to defined contribution, the rise of the 401(k), has been a bust, and many older Americans will soon find themselves in dire straits,” Krugman wrote Friday. “SS is the last defined-benefit pension still standing — thank you Nancy Pelosi for standing up to Bush — and should be strengthened, not weakened.”
Krugman’s mention of House Minority Leader Nancy Pelosi was a reference to her fight several years back with former President George W. Bush and Republicans who wanted to privatize the Social Security program, leaving it vulnerable to the ups and downs of the stock market. It was a strong position, he seemed to suggest, that made Obama look weak in the face of current GOP calls for entitlement reforms.
Sen. Bernie Sanders also weighed in, accusing Obama of going back on his word to the American people with his so-called “chained Consumer Price Index” plan that would result in lower benefit payments.
“In 2008, candidate Barack Obama told the American people that he would not cut Social Security,” said the Vermont independent who caucuses with the Democrats. “Having him go back on his word will only add to the rampant political cynicism that our country is experiencing today.”
Obama’s budget request, to be delivered more than two months later than usual this year, stands little chance of becoming law despite his Social Security proposal, which some Republicans seem to suggest was too little, too late. But the White House said it could help set the stage for a broader debt reduction package if Republicans are willing “to do more on revenues.”
House Speaker John Boehner quickly rejected that suggestion, complaining the president has consistently pushed for tax hikes but has done little to solve the nation's spending problem.
“The president and I were not able to reach an agreement late last year because his offers never lived up to his rhetoric,” Boehner said in a statement. “Despite talk about so-called balance, the president’s last offer was significantly skewed in favor of higher taxes and included only modest entitlement savings.”
“The president got his tax hikes on the wealthy with no corresponding spending cuts,” Boehner said. “At some point we need to solve our spending problem.”
The fiscally conservative Club for Growth also dismissed Obama’s budget proposal, saying it was “not a serious document.”
Editor’s Note: New 'Obamacare Survival Guide' Reveals Dangers Ahead for Your Healthcare
Andy Roth, the group’s vice president for government affairs, told Newsmax that Washington needs a more ambitious plan to tackle the country’s $16 trillion debt and $1.1 trillion annual deficit.
“It’s basically what we expected, just more tax increases and no solutions to balance the budget,” Roth said.
But he did credit the president for taking a leadership role for the first time in challenging House and Senate Democrats to address entitlement reforms. Still, Roth said the president's Social Security inflation adjustment would not be enough to help resolve the large government spending issue.
“This is small-potatoes stuff that he’s bickering with his colleagues about,” he said.
© 2013 Newsmax. All rights reserved.
Read Latest Breaking News from Newsmax.com http://www.newsmax.com/US/obama-social-security-plan/2013/04/05/id/498077?s=al&promo_code=130D2-1#ixzz2Pn7KgOZi
Urgent: Should Obamacare Be Repealed? Vote Here Now!
"The President's proposal will have a hard time passing as it is opposed by his own party and Republicans will also be against it."
ReplyDeleteWhy do you think Republicans would be against it? The arch-Republican, Lindsey Graham was on Meet the Press the morning, and Gregory asked him about it. He likes the idea. His idea of a "grand bargain" is to combine this with a flat tax. Some bargain! It's great for his constituency, but not for old people and poor people (who would get the brunt of it on Social Security and "fair" tax). Besides, unless you set the flat tax at 20%+, flat tax reduces revenue. No Republicans will admit this. Your guy Stockman was on the other Sunday show with Paul Krugman. Stockman wants to raise taxes and break up Wall Street. I agree on both, as you know.
As for Obama, he is a lousy negotiator. He is already conceding this on Social Security without the Republicans offering a dime in revenue in exchange. As George Will said this morning, the Republicans no revenue pledge to Norquist is "cast in stone." Nothing will happen on the budget except more kicking the can down the road with continuing resolutions and small patches.
--David