The Money Party Deficit Reduction Scam and Social Security

[NorthCarolina]

by Michael Collins for OpEd News

President Obama announced the new National Commission on Fiscal Responsibility and Reform on February 18 to address astronomical federal budget deficits. There has been considerable speculation that this commission will target current and future benefits for Social Security recipients to achieve its goals.

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The commission is a rigged panel. The White House selected eighteen members due to report out recommendations for reducing the federal deficit by December 1. Of the eighteen, thirteen are sure votes for higher payroll taxes and lower benefits and the continued reliance on the payroll tax trust fund to keep budget busting programs in place. There are five possible votes against tax increases and lower benefits, although the five lack the cohesion of the thirteen likely to endorse higher payroll taxes and lower benefits.

It takes a majority of fourteen members to report recommendations to Congress. These will be considered by the lame-duck session of the 111th Congress meeting in November and December. Congress will debate the commission recommendations then take an "up-or-down" vote. There will be no amendments allowed, just Yea or Nay on the entire proposal. The all-or-nothing vote makes it easy for Congress to do the dirty work of the Money Party. After the vote, members of Congress will bemoan what a tough decision it was.

Link: http://www.opednews.com/articles/The-Money-Party-Deficit-Re-by-Michael-Collins-101109-476.html

[HopeHoops]

1. "Money Party" - yep, that fits.