Archive for simpson bowles

VIDEO- Ronald Reagan: “Social Security has nothing to do with the deficit.”

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Saint Ronnie, who by today’s standards would be too liberal to so much as qualify as a Republican candidate, has spoken. But the GOP’s selective memory will magically scrub these quotes from their god hero:

“Social Security has nothing to do with the deficit. Social Security is totally funded by the payroll tax levied on employer and employee.”

“Social Security has nothing to do with balancing a budget or erasing or lowering the deficit.”

:

At the first Reagan-Mondale debate in 1984, Reagan set the record straight about Social Security.

Credit to Bill Scher and the Campaign for America’s Future for unearthing this quote from Reagan. http://www.ourfuture.org

Of course, that so-called “fiscal cliff” is more like a “fiscal slope” or “fiscal curb.”

And thankfully, V.P. Biden “flat guarantees” no changes in Social Security, which “effectively takes Social Security off the table.”

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V.P. Biden “flat guarantees” no changes in Social Security, which “effectively takes Social Security off the table.”

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This time there was no gaffe. Vice President Biden is claiming that he “flat guarantees” that Social Security is safe.

Now that there is a full-on Obama-Biden defense of Medicare and Medicaid after Coupon Paul Ryan’s plan was embraced, then not embraced, then embraced, then not embraced, and then embraced by Willard Romney, what Biden “flat guarantees” is critical as we prepare for the eventual and inevitable Grand bargain battle.

As the following article points out, according to that “”everything is on the table” Grand Bargain “Democrats agree to cuts in Medicare and Social Security, in return for which Republicans agree to ‘tax reform’ that lowers tax rates but raises more revenue by closing loopholes.” Paul Ryan was against that. But as the article also states, Biden’s “guarantee” now “effectively takes Social Security off the table.”

Via HuffPo:

First, the president made it clear that his Medicare reforms — unlike those passed by the Republican House and advocated by Romney/Ryan — don’t cut guaranteed benefits. Instead they take on the entrenched hospital, insurance company and doctors lobbies to exact savings. This focus — initiated in Obamacare — is vital [...]

Then Joe Biden announced yesterday that the ticket would guarantee no changes in Social Security. “I guarantee you, flat guarantee you, there will be no changes in Social Security,” Biden told patrons of the Coffee Break Café in Stuart, Virginia, “I flat guarantee you.”

This is good policy. Social Security is not in deficit, and has not contributed to our debt and deficits.  [...] In contrast, both Romney and Ryan supported the Bush plan to privatize Social Security, which would have added trillions to our deficits and would devastate retirees when the stock market tanks.

If this doesn’t sharpen the choice between the candidates, I don’t know what does.

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Rep Paul Ryan Attacks Obama For Opposing Proposal Ryan Opposed

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It’s a daily occurance, but apparently only now is the media paying any attention to their hypocrisy, and not much attention. Via Taegan-

In an interview with Mike Allen, Rep. Paul Ryan (R-WI) criticized President Obama for failing to adopt the recommendations of the Bipartisan Deficit Commission, of which Ryan was a member:

“I was on the commission. And you know what he did? He didn’t accept — he didn’t take one of the big recommendations of the commission, he basically disavowed the commission.”

Of course, Ryan himself actually voted against the commission’s final report.

Jonathan Chait: “You know what a good follow-up question would be? “So, Paul Ryan you voted against the commission’s proposals! How can you attack Obama for failing to endorse policies you voted against?”"

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