Who knew that Peter Orszag was such a comedian. He tells us that the social security shortfall years from now has nothing to do with the federal deficit but says it should be cut anyway. Evidently, it is necessary to solve a problem that doesn't exist in order to establish "credibility."
[E]ven though Social Security is not a major contributor to our long-term deficits, reforming it could help the federal government establish much-needed credibility on solving out-year fiscal problems — which in turn could improve the political prospects for providing additional short-term stimulus for the economy. All of which suggests that Democrats in Congress should support the basic construct of the Bowles-Simpson proposal, while arguing for some changes to improve it. That has not, however, been their reaction thus far.
Yes, that's Peter Orszag telling us that Democrats should support Social Security cuts so that they can regain "credibility" with the Tea Party. Digby knows the results of this and exactly what the GOP will do:
And then they will tell senior citizens that Democrats just cut their social security and run with it all the way to the White House. Think they can't get away with it? Think again. These are the same people who had no compunction about telling the American people that Saddam Hussein was responsible for 9/11.
Let me reiterate that Simpson-Bowles is the Democratic Party Mass Suicide Bill Of 2011. Obama thinks he's going to get a bipartisan consensus if he pushes it. He's right, and that bipartisan consensus will keep the Republicans in power for a very, very long time. If Obama's budget guru is out here saying "Yeah this plan is a great starting point" then the Dems are about to be obliterated...and rightfully so.
Don't think so? David Broder loves it. It's coming, just a question of how much. And the Dems will take 100% of the blame for it.
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