To really understand how completely President Obama threw Democrats under the bus by putting chained-CPI in his budget last year, look no further than Florida. There the NRCC is attacking Alex Sink (D) in the special congressional election for saying positive things about Obama’s past grand bargain efforts.
|By: Dean Baker Saturday February 22, 2014 11:40 am|
The WaPo gets infuriated at the thought that anyone who doesn’t have lots of money could affect political outcomes in the United States. Hence it was quick to run a piece with the headline:
“Liberals didn’t kill Obama’s Social Security cuts: Republicans did.”
|By: letsgetitdone Friday February 21, 2014 5:40 pm|
Why is it that Washington village “progressives,” and their associates in other parts of the country who are nevertheless part of the Washington village culture, often ask useful questions, but, almost always deliver, underwhelming answers?
|By: Jon Walker Friday February 21, 2014 10:06 am|
It is a sad comment about the current state of politics that the biggest progressive victory so far this year wasn’t a victory with the Democratic President, but a victory against him. While Obama did technically remove chained-CPI, he was the one who put it there in the first place. He is the one who has been consistently pushing for a grand bargain for years. He was the one who forced the Democratic party to temporarily back such a destructive and deeply unpopular position.
|By: letsgetitdone Thursday February 20, 2014 3:55 pm|
On Valentine’s Day, Senator Bernie Sanders sent a letter to the President, authored by himself and signed by 15 other Senators, all Democrats. The letter was a response to the rumors that the President intends to include his Chained CPI proposal to cut Social Security benefits in the budget he will soon send to Congress.
|By: Jon Walker Thursday February 20, 2014 12:15 pm|
This is a big victory for the defenders of Social Security who have for years been fighting a very well-financed coalition of so called “deficit” groups focused on undermining the retirement security for millions of Americans.
|By: letsgetitdone Saturday February 15, 2014 11:15 am|
Paul Krugman can’t explain why the deficit issue has suddenly dropped off the agenda.
|By: DSWright Thursday February 13, 2014 1:15 pm|
The fake “millennial” group funded by Wall Street called “The Can Kicks Back” which supports cutting Social Security and Medicare to solve the debt problems and bring “fiscal sanity” to the budget has gone bust.
|By: Jon Walker Friday January 31, 2014 8:30 am|
It could end up being the humble start of a basic public banking system that would protect low income Americans from the worst practices in the financial system. Right now it is designed to only function like an automatic retirement saving account from the government, but it is easy to see how the thing could steadily expand into something much bigger by offering more and more services.
|By: Jon Walker Wednesday January 29, 2014 1:22 pm|
One of the few concrete executive actions in the State of the Union address was President Obama’s plan to start MyRA. It is framed as a low cost government backed retirement saving bond/account. The more I learn about it the less sense it seems to make.