Obama gave away the $250K level and Social Security cuts for nothing … Boehner couldn’t even deliver the $1M level.

Progressives will never have a better opportunity exert their leverage on this process … the only bill that can pass the House will have to have Democrat majority … they should demand the original $250K limit and toss the COLA cuts … NOW!!!!

Pete Peterson and his billion dollar war against Social Security finally won.

Contrary to every poll ever taken on the subject politicians are gonna cut Social Security benefits so they don’t have to raise more taxes on the wealthy to pay for the deficit.

It is a sad day for America.

The corporate buyout of our politics is complete.

We aren’t sure but its possible that the Medicare age increase is baked into the 600 billion in mandatory cuts, the age increase was about $150 billion over 10 years. The Chained CPI total is over $200 billion … that’s about $300 billion over to years from Social Security and Medicare benefits.

The revenue generated from raising rates on only those at $400,000.00 and keeping the dividend rate at 20% and lowering the estate tax rates as Obama gave away will cost $400 billion in lost revenue.

So Social Security and Medicare are most likely going to pay 75% of cost of the concessions Obama has made in latest round.

Sounds a lot like giving tax breaks to very well off on the backs of seniors and the disabled.

Obama doesn’t know how to negotiate with Republicans.

He needs to find issues like the carried interest tax loophole that really hits the super wealthy in the pocket. Then use those items that only affect the very rich to extract compromise. Don’t focus only on broad rates … hit them where it hurts one punch at a time.

Adding insult to injury the Chained CPI will add an additional $100 billion in new revenue due to its affects on the tax brackets.

That’s $100 billion less Boehner needs to find in revenues from the ultra wealthy.

The rich are taken care of no matter who wins the elections … it is shameful.

Thank God those two earner couples with no children struggling to make ends meet earning $399,000.00 a year won’t have to chip in a dime to solve the deficit problem … but those Social Security recipients living in luxury on their staggering $14000.00 income will have to foot the bill.

It’s sooooooo fair.

Instead of buying Tuna Fish I guess the Old and Disabled can buy Cat Food … is that the substitution they are proposing?

PS: Anyone who believes the House is going to spend a year holding tax reform hearings that only cut deductions for rich people … need to have their heads examined.

“Carried Interest” tax loophole for Private Equity Managers … Maintained

Cost of Living Increase for Seniors and the Disabled … Cut

Washington is out of touch with the rest of America.

Bernanke, Bowles and Lord Blankfein all think Social Security benefits must be cut.

It must be the right thing to do?

Here is what will happen.

The Republicans will find enough “headline grabbing” tax loop holes like corporate jets and oil and maybe even carried interest to cut the sequester in half and call it a down payment.

Then they will agree to extend UI benefits and maybe even the payroll tax cut in exchange for another year extension of the Bush tax cuts for everyone including the wealthy.

In a year any political capitol or mandate Obama had will be long.

… and once a year has passed the Republicans will break any promises they made to get the agreement and fight tooth and nail to keep the Bush tax cuts permanent for the wealthy.

The GOP put all the blame on Obama for the defense sequester, they said
it was all his idea.

What is to keep them from saying the same thing about cuts to Social Security.

If Republicans are pushing for cuts to Social Security make them own it!

Over 50 voters are the only age group the Republicans have left…

Obama re-elected …

… and now the sell-out begins.

Obama WINS!!!!!!!!!!!!!!!!!!!!!!!!!!

.. the sell-out starts today :–(((((

OBAMA WINS!!!!!!!!!!!!!!!!!!!

… and now the sell-out.

When Romney wins the first thing on the agenda will be tax cuts, if that means
extending the payroll tax cut … then that will happen.

No other big changes will be attempted until the Romney tax policy has been
signed into law.

The next policy change will probably be gutting regulation and increased defense spending … war hawks and the tea party will join forces to get this done.

After all that, if there is still time left in his first term, they would probably go after Medicaid block grants … that’s a huge fight and they can use momentum from the first two policy victories to push it thru.

So I predict Social Security and Medicare changes will be left to the second term (if ever) under a Romney presidency.

Obama, as mentioned above, has already promised to cut Social Security and Medicare as soon as he is elected.

It’s your choice.

When Romney wins the first thing on the agenda will be tax cuts, if that means extending the payroll tax cut … then that will happen.

No other big changes will be attempted until the Romney tax policy has been
signed into law.

The next policy change will probably be gutting regulation and increased defense spending … war hawks and the tea party will join forces to get this done.

After all that, if thier is still time left in his first term, they would probably go after Medicaid block grants … thats a huge fight and they can use momentum from the first two policy victories to push it thru.

So I predict Social Security and Medicare changes will be left to the second term (if ever) under a Romney presidency.

With Romney and 51 votes in the Senate what Schumer says doesn’t amount to a hill of beans.

I guess the Democrats just don’t want my vote (in a swing state)?

Ok if that’s they way it goes then I will have to trust Romney that he won’t make any changes for 10 years and by then the rest of the baby boom will be retired.

A much better deal.

I Guess Obama supports the Social Security reform plan of Senators Graham, Lee and Rand Paul.

They call for no tax increases, increased retirement age and progressive price indexing.

Thanks for nothing Mr. President.

(Hillary was right)

I Guess Obama supports the Social Security reform plan of Senators Graham, Lee and Rand Paul.

They call for no tax increases, increased retirement age and progressive price indexing.

Thanks for nothing Mr. President.

(Hillary was right)

A twenty something single guy delivering packages for FedEx pulling down a huge $40,000 income is paying twice the rate that Romney is paying.