General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums(2011) White House Grand Bargain offer to Speaker Boehner Obtained by Bob Woodward
I haven't seen this posted... lost amidst the sex scandal and secessionists?
"This is a confidential document, last offer the president -- the White House made last year to Speaker Boehner to try to reach this $4 trillion grand bargain. And it's long and it's tedious and it's got budget jargon in it. But what it shows is a willingness to cut all kinds of things, like TRICARE, which is the sacred health insurance program for the military, for military retirees; to cut Social Security; to cut Medicare. And there are some lines in there about, "We want to get tax rates down, not only for individuals but for businesses." So Obama and the White House were willing to go quite far."
http://presspass.nbcnews.com/_news/2012/11/11/15089281-white-house-grand-bargain-offer-to-speaker-boehner-obtained-by-bob-woodward?lite
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The numbers are "interesting"... more detail at link.
Top Story Obamas 2011 Grand Bargain Detailed in Documents Obtained by Bob Woodward
http://markets.cbsnews.com/cbsnews/news/read/22761419/top_story_%E2%80%94_obama%E2%80%99s_2011_grand_bargain_detailed_in_documents_obtained_by_bob_woodward
IF YOU havent read Bob Woodwards latest book, The Price of Politics, you may not appreciate the documents below fully. Were about to see Obamas excessive pragmatism, as Larry Summers calls it, in stark relief. But you do get an idea of President Obamas biggest legacy project, which began in 2011. They dont call it the grand bargain for nothing and hes the one pushing it, not Republicans.
(snip)
Many people think of it as a Nixon to China moment, but its not.
Obama has always been fixated on Ronald Reagan and what he did, because thats the president that impacted, impressed and embedded most in his mind when he was coming up. So, the grand bargain is about a Ronald Reagan Tip ONeill moment. An I saved Social Security for future generations deal, which will likely include a nod to the business community, whose fiscal cliff is the bookend meant to push the grand bargain to manifestation, in the mother of all Obama Wall Street make-up sessions imprinted for history.
Maybe then well get the jobs the middle class deserves.
Bill Kristol has already paved the way for the wealthy tax cuts, so Democrats only have to give on entitlements to make it all possible.
JustAnotherGen
(31,929 posts)I've been paying into SS and Medicare for other peoples' parents - and my annual statement I get each January (of SS targeted amount when I retire at 67) is going to be a lower number?
Keep in mind - was doing modeling gigs at 8 so I've been in the workforce for 31 years. . .
Because that is what this is about.
Can we cut the 'politic speak' and get to the heart of the matter?
BTW - there's nothing wrong with Social Security that can't be fixed by asking me to continue to pay in past my first 106.5K in gross each year.
WorseBeforeBetter
(11,441 posts)and currently I can collect at 62, but it's a 31% decrease from collecting at 67. And a 44% decrease from collecting at 70.
62 will likely be history, and 70 is fucking high enough! 67 is my magic number... we'll see if TPTB fuck that up.
No arguments from me re: raising the cap.