It’s pretty interesting that, while today’s elections are important, many consequential events will happen in the month or so after the elections. Tomorrow, we’ll see the extent of the Federal Reserve’s quantitative easing plan. The Pentagon study on Don’t Ask Don’t Tell comes out December 1, which could affect that policy. There’s a lame duck session with a host of important issues, like the Bush tax cuts, on the docket. The 50-state AG investigation of foreclosure fraud could move toward a decision. And the cat food commission will meet shortly after the elections, trying to satisfy a December 1 deadline for recommendations.
|By: David Dayen Tuesday November 2, 2010 8:30 am|
|By: Dean Baker Monday November 1, 2010 6:00 pm|
Erskine Bowles, the co-chair of President Obama’s deficit commission, is a wealthy failed politician who wants to cut Social Security.
|By: David Dayen Tuesday October 26, 2010 12:44 pm|
The Alliance for Retired Americans have placed ads in six key districts across the country, attacking what they describe as Republican plans to raise the retirement age for Social Security benefits. There’s a residual benefit to this as well – it’s a warning shot against Democrats who would like to do the same.
|By: David Dayen Monday October 25, 2010 9:36 am|
The Deficit Comission is not expected to mention the biggest driver of the deficit in recent years and (along with Medicare and Medicaid) in the future, the Bush tax cuts. That shows how unserious a deficit commission it really is. But apparently, the efforts in progressive circles have at least temporarily beaten back the drive to cut retirement benefits.
|By: David Dayen Thursday October 21, 2010 12:31 pm|
The independent chief actuary of Social Security says predicts big benefit cuts for the middle class if privatization and indexing are part of Social Security reform.
|By: Jane Hamsher Friday October 15, 2010 12:40 pm|
Jamie Galbraith responds to the question: What can Obama do now, without the need of 60 votes in the Senate, to address our current problems?
|By: David Dayen Wednesday October 6, 2010 5:30 pm|
I think it’s valuable that Pelosi wouldn’t give a vote of confidence to anyone on the deficit commission but who she appointed, and that she savaged the idea of raising the retirement age or cutting benefits. In the end, that could play a role when the vote-counting begins.
|By: Dean Baker Monday October 4, 2010 7:15 pm|
The deficit hawks have held up the threat of borrowing from China as an excuse to cut Social Security and Medicare. In reality, the budget deficit has almost nothing to do with borrowing from China.
|By: David Dayen Thursday September 30, 2010 7:20 pm|
House and Senate liberals expressed their desire on a conference call that they would vote against any set of recommendations from the Catfood Commission if they included benefit cuts to Social Security. That included any increases to the retirement age or privatization.
|By: David Dayen Tuesday September 28, 2010 4:00 pm|
Think back to the last time the Senate passed 20 bills in a six weeks? I’m going to go ahead and say you can’t. And yet, this is what Democrats will have you believe is the plan for the lame duck session, after a midterm election that will leave them, in all likelihood, with a diminished majority. Maybe the first bill plans to add two months between November and December, because under current Senate rules there’s no way on Earth to do that.