OMG... Who Could Have Foreseen This ??? - 'Debt Commission Report Targets Social Security, Medicare'

[WillyT]

Debt Commission Report Targets Social Security, Medicare
Sam Stein - HuffingtonPost
First Posted: 11-10-10 12:58 PM | Updated: 11-10-10 03:47 PM

<snip>

3:28 PM ET Debt Commission Targets Social Security, Medicare

Today's upcoming report by the White House's fiscal commission is expected to include recommendations to raise the retirement age for Social Security and cut Medicare benefits -- two policy prescriptions that will be met with deep opposition from Democrats and some Republicans -- according to a source who has been briefed on the proposal.

The chairmen of the commission will unveil their overarching recommendations for debt and deficit reduction on Wednesday afternoon, weeks before the official unveiling is expected.

The findings are not the final report of the commission, officially known as the National Commission on Fiscal Responsibility and Reform. Rather they are the specific suggestions of its two chairs, former Sen. Alan Simpson and former White House Chief of Staff Erskine Bowles. The ultimate findings will require the support of 14 members of the 18-member commission. And at this juncture it is unclear if the votes are there, sources familiar with deliberation say.

In the process of pursuing their reforms for Social Security and Medicare, the commission chairs are expected to suggest that the end result will be a 70 percent cut in benefits and 30 percent increase in revenues, according to the source familiar with the upcoming announcement.

"What a crazy proposal, what a crazy proposal," said a Democratic source briefed on the findings. "I expect that the White House is going to distance itself big-time from this, saying this is just the chairman not the commission."

<snip>

Much More (with lots of updates): http://www.huffingtonpost.com/2010/11/10/debt-commission-report-social-security-medicare-_n_781606.html

:mad::wtf::mad:

:kick:

[QC]

1. Lies! Lies!

:cry:

[Individualist]

12. Nutty conspiracy theory!

:(

[WillyT]

13. Yeah... We Should Have Waited Until Dec .1st...

Sort of like the Captain of the Titanic.

:banghead:

:hi:

[mikelgb]

2. Foreseen what? the multiple posts on DU about a big news story?

[WillyT]

5. I Was Being Ironic...

and a tad snarky.

:hi:

[BanzaiBonnie]

3. NOW can we all just take to the streets

We could shut this down. I'm fed up with their BS solutions.

Get us out of other countries and cut the military spending. SS and Medicare is nothing compared to that stuffed pork package.

[yurbud]

4. God forbid they do something simple to fix it like slightly taxing the wealthy more

any foreseeable shortfalls with Soc Sec could be remedied by simply raising or doing away with the cap on income subject to it.

Hell, if they did away with the cap, they could probably lower the rate for everyone.

[fascisthunter]

6. cuts for the poor.... raises for the rich

thanks for nothing you bunch of weasel whores. Maybe if you brown nose them more, they'll save a seat at their table so you too can be one the cool kids. Losers...

[nadinbrzezinski]

7. Shocking I tell you

UNEXPECTED!!!!!

:sarcasm:

[WillyT]

8. Yeah Huh ???

:banghead:

:hi:

:shrug:

[HughMoran]

9. The dozen posts discussing this already?

:rofl:

[WillyT]

11. Just Got Home From Work...

Scanned over 300,000 forms for the unemployed of the State of California to make sure they had some money.

Sorry if I bothered you.

[HughMoran]

16. Just funnin ya

;)

[WillyT]

17. That's Cool Hugh...

I could use some fun too.

My birthday was yesterday, and I didn't have that much fun.

I'm certain that a whole lot of my fellow Americans didn't either.

But I'm trying... and any suggestions...

:D

:shrug:

:hi:

[HughMoran]

18. Happy belated birthday!

Can't tell you (or anybody) how to find happiness, but I know it comes from within.

[WillyT]

20. You Made Me Happy With That Response !!!

:yourock:

Sincerely!

:hi:

[Creative]

10. Well...if you are serious, you gotta go where they are.

It looks to me like we could use a bit of "efficiency" in realm of defense spending as well.

[DirkGently]

14. Whooda thunk it. And they'd like to cut corporate taxes too. Shocked, shocked I say. nt

[coti]

15. Kick nt

[Greyhound]

19. K&R for another "nobody could've predicted" excuse. n/t

[indepat]

21. I expect the recommendations will be eaten up, hook, line, and sinker and largely implemented into

law purportedly for the overall good. By far the most massive fraud ever perpetrated, all orchestrated by guess who, and the fact that this is a sovereign nation does not lessen in any manner the enormity of this wretchedly sick and evil crime. ;)