While some are lamenting the likely Democratic loss of the Senate, even questioning the need for midterms altogether, one person who may be seeing an opportunity in the GOP takeover is President Barack Obama. A Republican controlled Congress could provide the opening for Obama to pursue his much sought after “Grand Bargain” on social security and medicare.
|By: DSWright Monday November 3, 2014 12:31 pm|
|By: letsgetitdone Wednesday October 8, 2014 8:00 pm|
Some time ago, in the pages of USA Today, Duncan Black, better known to some as Atrios voiced the immediate need for increased Social Security benefits of 20% or more even if it means raising taxes on high incomes, or removing the payroll tax cap on salaries.
Black is right about the need for increased benefits; but legislating that increase doesn’t require increasing taxes. In fact, Congress should both increase benefits and remove the payroll tax entirely.
|By: Dean Baker Sunday June 8, 2014 6:57 am|
Actually he is not angry about how much money the government pays to Peter Peterson but if he were consistent in his logic he would be. Bruni wrote an apology from older generations to millennials, and one of the central themes is that we are supposed to feel bad about all the money that we get for Social Security and Medicare:
|By: Jon Walker Monday April 28, 2014 10:58 am|
For decades Democrats had an advantage with seniors but that trend completely reversed after Obama took office. Republicans now have a noticeable edge with voters over 65. Obama can get away with this in a Presidential election because at the same time Democrats have developed a huge advantage among young voters — but it has created a huge problem for Congressional Democrats in mid-term elections with much older turnout.
While there are several reasons for Republicans gaining a big edge with seniors during Obama’s tenure much of the blame has to be put on his aggressive push to make senior citizens’ lives worse by cutting Social Security benefits. Despite the idea being extremely unpopular Obama insisted on putting chained-CPI in his budget.
|By: letsgetitdone Saturday April 19, 2014 11:55 am|
So, people who followed the SS and Medicare rules and made their payments over the years rightly view themselves as having paid for their entitlement benefits, regardless of whether their cumulative FICA payments fall short of or exceed the cumulative sum of those benefits. Why shouldn’t they, and why is Catherine Rampell implying that the deal implicit in our major entitlement programs is anything different?
|By: Phoenix Woman Saturday April 12, 2014 6:45 am|
The old-age insurance part of Social Security has been under attack ever since its creation, and the nature and bogosity of the most famous attacks on it haven’t changed much over the decades. But in the last few years, another portion of Social Security, its disability benefits program, has suffered a number of attacks from “reformers” — and some of the worst are apparently from people embedded in the agency.
|By: OldFatGuy Friday April 11, 2014 12:29 pm|
Got plans for your refund??? Better hope your parents didn’t die owing the government money then, because if they did, you might have to change your plans.
|By: letsgetitdone Sunday March 30, 2014 8:00 am|
Abby Huntsman’s first rant about entitlements soliciting generational warfare, got a lot of pushback from defenders. I reviewed the main points made in defense of entitlements, and then added “the most important point of all” as well. Abby made a second try, however.
|By: Jon Walker Thursday March 27, 2014 11:15 am|
The people over at MSN Money have some pretty insane advice for young people about retirement if you actually try to follow their logic.
|By: Jon Walker Wednesday March 26, 2014 1:10 pm|
For most of the past two decades the Grand Old Party didn’t actually get its support from older voters. Not very long ago the Democratic party had an advantage with senior citizens but that has disappeared since President Obama took office.