Who will be upset by panel's proposal on national debt? Nearly everyone. CS Monitor

[autorank]

The creeps finally did it - a shot at the heart of Social Security.

TOTALLY UNACCEPTABLE.

See also my post from Monday: The Money Party Deficit Reduction Scam and Social Security By Michael Collins

Who will be upset by panel's proposal on national debt? Nearly everyone.

http://www.csmonitor.com/USA/2010/1110/

The co-chairs of Obama's deficit-reduction panel issued a proposal to reduce the national debt by $4 trillion in 10 years. But the budget cuts and tax increases promise to anger just about everyone.

By Peter Grier, Staff writer / November 10, 2010
Washington

The co-chairmen of President Obama’s deficit-reduction panel issued a draft proposal Wednesday outlining ways to achieve a nearly $4 trillion reduction in national debt over the next 10 years. Among other things, they urge deep cuts in domestic and military spending, raising the retirement age to 69, and ending or curbing popular tax breaks such as the deduction for mortgage interest.

Whose hair will light on fire as they peruse this interim report? Plenty of people. It includes something to make folks of almost every political persuasion mad.

But that may be a point of pride for the leaders of the bipartisan deficit panel, Erskine Bowles, a former chief of staff for President Bill Clinton, and Alan Simpson, a former Republican US senator from Wyoming. They appear to be trying to wake up official Washington to the scale of the problem and the scope of needed solutions.

“A sensible, real plan requires shared sacrifice – and Washington should lead the way and tighten its belt,” said the pair in their draft.

[PSPS]

1. Yes, eliminate social security. You'll never raise taxes on the billionaires in our plutocracy.

[demosincebirth]

9. The rich are sacrosanct.

[stevedeshazer]

2. I can scarcely believe this is happening.

But there it is, stark naked and undeniable.

+1.

[DJ13]

3. “A sensible, real plan requires shared sacrifice – and Washington should lead the way

and tighten its belt"

But they arent tightening their belt, they expect US to tighten ours so they can continue giving the wealthy a free ride.

[MannyGoldstein]

4. Many, many dimensional chess

Unilaterally appointing a commission that EVERYONE will hate: how brilliant is that?

Certainly, I'd never have thought to do that.

[glitch]

6. We were punked.

Time to change their game.

[AC_Mem]

5. Did they recommend

eliminating the tax cuts for the top 2%?

[starroute]

7. They've got a weird definition of "shared sacrifice"

The phrase usually brings to mind something like World War II, where everybody has to give up certain luxuries for 3-4 years and after that it all gets better again.

But they're talking about imposing a situation on retirees where they not only don't ever get what they were promised, but it gets worse and worse for them every single year.

They're also talking as if the ability to live in dignity in one's old age was something that could just be sacrificed in the way you might put off buying a new car for another year. And that's not "shared sacrifice" either.

[Starry Messenger]

8. Shared sacrifice??

This is obscene.