I believe this was the moment the Obamabots said they would use to call for reforms to the ACA and turn it onto a Medicare for all.
I wonder how that’s going to work out electorally in 2014?
Democrats had a once in a generation chance to prove to people that government actually works and can provide a good public service.
They blew it, Obama being the Conceder in Chief.
And anyone who gives me the excuse Obama couldn’t get anything done because he has too many crazies in Congress will get a whip-cream pie in their face. Why?
A guy named LBJ got more done with a much more crazy and racist congress than this one.
(Washington, DC 3/22) Yesterday we found out that President Barack Obama put Medicare and Social Security in the budget deal mix; timely but not thoughtful. Is this a profile in cowardice? Maybe not. Let’s give him the benefit of the doubt and assume that cutting these two programs is part of the Obama Money Party agenda. That’s the elegant explanation and explained below. (Image: Downing Street)
Here’s what Bloomberg reported (thanks to Lauren Hallahan’s list for the tip):
“President Barack Obama told Senate Democrats that they should be open to changes in entitlement programs to achieve a long-term budget deal, according to several lawmakers who attended a meeting with him on Capitol Hill today.” Bloomberg, March 21
Social Security does not contribute to the deficit. In fact, without the annual appropriation of Social Security funds , cash flow for the government would experience serious cash flow prolems. Each year, Treasury takes Social Security tax revenues to fund the general budget. Treasury leaves an IOU promising to repay beneficiaries down the road. The promise is guaranteed by the “full faith and credit of the United States of America.” Who would take the word of the (s)elected “crooks and liars” given all the betrayals we see on a regular basis?
(Washington, DC 1/21) A long standing Money Party front, the Business Roundtable, wants you to wait until you’re 70 years old before you get Social Security and Medicare benefits. This is just a reprise of the November 2012 dictate from the king of corporate cronyism, Goldman Sachs CEO Lloyd Blankfein. (Image: DonkeyHotey) (Greenspan statement)
The boss announced, “So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.” Lloyd Blankfein, CBS News, November 2012
That’s easy for Lloyd to say. He makes tens of millions of dollars a year without so much as lifting a finger. You can be sure that Blankfein has a deluxe health insurance and retirement plan. Read More