General Discussion
In reply to the discussion: If no cuts to Social Security, why must the president include "protections for the vulnerable?" [View all]John2
(2,730 posts)Who says so? President Obama is an elected official. He answers to the electorate. If he wanted to cut Social Security or even Medicare, then he should have said so. He was not elected to office to do so, or he wouldn't be President just like Romney.
He has two sides pulling at him. I think he needs to respect those that put him in office. Right now he has my trust. If the spending cuts we are talking about concerns Providers, then I do see a way to do it. As far as Social Security and the Chained CPI, what are we referring too? Is this what they call the Consumer Price Index? I need to understand this more. Does this have anything to do with inflation? I'm not an economist.
If the Democratic members in Congress do not agree, and their constituents do not agree, the President can do nothing. What I disagree with the OP with, is just focusing a panic button on Obama. Right now this Party is solidly behind the President and we need to stay that way. There is a time for everything.
What you are legally obligated to pay SS retirees was written in Law years ago. The Congress and President were not the only signatories to the Deal. When one Party wants to not live up to the written agreement, then I call that default.
Furthermore, especially if one side expected the other Party to live up to the Deal and paid wages into it. So if you really want to look at it in legal terms, that Party should be paid for lost time of wages ever since they paid into the system according to current market rates.
Also, the Party that don't want to pay up, bases their decision on future expectations. They spent money for other purposes, such as giving tax credits and waging Wars, they couldn't afford. Now it is time for the people that paid into the system to receive the benefits, the other Party wants to change the Rules of the agreement. I think Congress better ante up and raise revenues. I see no difference in Wall Street and Congress, or Mitt Romney and Bain's way of doing business. They are all trying to screw the American people. The people that profited need to pay taxes. Another way they can do it is stop hoarding money and create jobs. If they think GDP Growth will do it for them, then they better get busy.