The president has proposed using something called a “chained consumer price index” for adjustments (which are always up) to Social Security payments. It in theory lessons the current rate of increase. Liberal and progressives are beside themselves. How could President Obama do such a thing?
Every time I write about the need to reform Social Security people freak out. Suddenly supposedly small government folks fly into a rage at the idea that Social Security must be curtailed for the good of the country.
Hey, life isn’t fair. But we have got to do something about Social Security and the coming debt bomb.
Of course most seniors don’t consider Social Security theft, and the headline above is intended to be inflammatory, however the Social Security system we have now is completely unsustainable. It hurts many who are just struggling to make it in an economy which is very different from the rising tide many retirees experienced over the past half century.
Should generally poor young people be subsidizing often wealthy old people? That’s what happens in our present crony capitalist system.
Republicans are either working for the rich, not the poor or average person, or they are not. This is a way to reveal themselves one way or the other.
Grover Norquist’s no tax pledge, the pledge that the vast majority of Republicans have signed, is driving some people to fits.
Critics of crony capitalism are found on both the left and right. This creates a very interesting alliance. For example, left and right work together to audit the Fed. We can also audit each other’s ideas for factual accuracy.
Most responses to the President’s State of the Union speech are not worth more than a moment’s thought. Last night was an exception.