Obama Deficit Commission Criticized for Proposals to Slash Social Security, Medicare

[LongTomH]

Run time: 13:08 https://www.youtube.com/watch?v=LlGZcm8rn4I   Posted on YouTube: November 11, 2010 By YouTube Member: mediagrrl9 Views on YouTube: 10   Posted on DU: November 11, 2010 By DU Member: LongTomH Views on DU: 576

 
The co-chairmen of the bipartisan presidential deficit commission released a list of recommendations Wednesday on ways to reduce the nation's deficit by $4 trillion by 2020. Co-chairmen Erskine Bowles and Alan Simpson have proposed raising the retirement age for Social Security to 69 by the year 2075, decreasing the cost of living benefits for Social Security recipients, imposing new limits on the Medicare health insurance program and ending several middle class tax breaks. Democracy Now! speaks with economist and journalist Robert Kuttner.

Edited to add: Economist Robert Kuttner is calling bullshit on the economics of the Deficit Commission and calling for progressives to present their own proposals.

Edited again to add - here's the website Robert Kuttner mentioned: http://www.ourfiscalfuture.org/

[ProfessorPlum]

1. Who the F*** is un-recommending this?

Shock Doctrine politics.

[CrawlingChaos]

2. K&R

The Tobin Tax on Wall St. speculators was not even discussed!!

We should all be sharpening our pitchforks here

[soryang]

3. The fact that Obama put this commission together bodes ill...

...for all of us.

[raystorm7]

4. I'll make ma prediction now. Slash to SS and Medicare but extended Bush Tax Cuts...Hip Hip

...Hooray?! =/

[jtown1123]

5. Shit! Accidentally hit unrec. This is awesome! Love love kuttner

[GentryDixon]

6. I 've got you covered.

I did that once. :)