Greg Sargent is reporting tha the White House says they will make sure that the Chained CPI sell-out won't hurt the most vulnerable seniors. I don't know if they are basing this on the Simpson-Bowles formula, but if they are, it's bullshit.
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Poll after poll has shown that the public rejects the millionaire-oriented, tax-cutting, government-slashing austerity plan known as “Simpson Bowles.” And yet politicians in both parties keep trying to force it through the legislative process under the banner of a “Grand Bargain.” Word is they’re going to try again, either during the lame-duck session or when [...]
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Originally posted at Capital Gains and Games.
Bruce Bartlett emailed me to say that, rather than cancel the sequester as I recommended, we should get the band back together and reconstitute the anything-but-super committee to give it another chance to come up with a deficit reduction plan.
Sorry, Bruce...But I just don't see the need to go there yet again.
How many federal budget commissions, special committees, advisory groups, and private negotiations do we need to fail before we admit they don't work? Think about just the past few years: The Biden-Cantor negotiations, the Obama-Boehner summit negotiations, the B-S (that is, Simpson-Bowles) commission, the anything-but-super committee, the gang of six -- fail, fail, fail, fail, fail.
Again? Really?
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Both political parties have "an aversion to telling the truth," says The Washington Post. The truth?
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It had to happen sooner or later: Jamie Dimon, the bank CEO who's become the public face for our greedy and corrupt banking system, is openly backing the austerity plan pushed by former Senator Alan Simpson, the arrogant and abusive voice of our country's bought-and-sold elite "bipartisan" consensus.
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At the June 18-20 Take Back the American Dream conference, we'll organize to stop Simpson-Bowles from passing Congress in the December "lame duck" session. Hear Robert L. Borosage, Van Jones and Melissa Harris-Perry on "Winning in November – So We Can Win in December and Beyond" and hear Rep.
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Each morning, Bill Scher and Terrance Heath serve up what progressives need to effect change on the kitchen-table issues families face: jobs, health care, green energy, financial reform, affordable education and retirement security.
MORNING MESSAGE: The Tax Evaders Of The 1%
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President Obama and many Democrats spent much of 2011 talking about deficits instead of doing something about jobs. Now, a too-close election is on the horizon (too-close because of spending 2011 talking about deficits instead of doing something about jobs) and we're being forced back to talking about deficits instead of jobs -- by a Democrat!
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After President Obama declined to embrace any specific recommendation from the Simpson-Bowles proposal that originated in his deficit commission, you might have thought that the plan would be buried for good, But key senators won’t let it die the death the public feels it deserves. Politico reports: Under [Senate Budget Chair Kent] Conrad’s scenario, the [...]
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