Monday, September 19, 2011
—David Leonhardt, Washington bureau chief for the New York Times, on The Brian Lehrer Show
Wednesday, September 14, 2011
Yesterday, we spoke with liberal and conservative economists about Texas Governor Rick Perry's assertion that Social Security is a "Ponzi scheme." Many of you had something to say about Social Security, and here are some of your responses.
Tuesday, September 13, 2011
Texas governor and GOP presidential hopeful Rick Perry branded Social Security a "Ponzi scheme" and "a monstrous lie" during last week's Republican debate in California. Traditionally, Social Security is usually a topic candidates shy away from, out of fear of losing the support of elderly voters. Perry's fellow candidates used his statements as ammunition against him during last night's Tea Party-sponsored debate.
Friday, August 26, 2011
The Democrat's national congressional committee is hitting Republican Bob Turner on his comments to the the New York Post editorial board today. As we reported earlier this week, Turner's position on Federal spending and entitlement programs were at odds with one another. But, according to the Post, Turner is indicating cutting a third of the Federal budget could include future changes to Social Security and Medicare:
Turner pledged to push the federal government to rein in the deficit even if that means touching the “third rail” of politics -- cutting spending on entitlement programs such as Medicare and Social Security that have strong and active political constituencies.
Turner said he would protect people 55 and older by exempting them from an overhaul of the two federal entitlement programs.
Asked if the eligibility age should be raised for people under 55, Turner said, “That’s one of the easy ones.”
He said an increase in Medicare co-payments also has to be considered.
DCCC is claiming this shows Turner is flip-flopping on this issue.
“Bob Turner is just admitting what we already knew – his plan is to cut Medicare and Social Security, forcing seniors to pay more for their health care while protecting tax breaks for millionaires and billionaires,” said Josh Schwerin, a DCCC spokesperson said in a statement. “Earlier this week, Bob Turner left Ground Zero volunteers out in the cold, and now he wants to do the same to seniors. New Yorkers simply can’t afford Bob Turner’s extremist Tea Party policies.”
Wednesday, August 24, 2011
But do their claims hold water?
Over the course of the rowdy hour-and-a-half long debate in Queens on Monday, Republican Bob Turner and Democrat David Weprin were asked what scared them most about their opponents.
Weprin began, “I’m very scared of his Tea Party philosophy and his…” The chorus of boos forced him to stop. He continued, “I’m sorry you’re having trouble with the truth. ‘Cut, cut, cut—cut the budget 35 percent and not consider any taxes’…” He was interrupted again by someone shouting, “Stop the spending” to a round of cheers. “And I’m scared of those extreme views even by some of his supporters in the audience.”
“Mr. Weprin is tainted by a long career in politics,” Turner said when he took the mike, silence punctuating his pause between sentences. “He’s part of the system. And that’s why he has got to go.”
With just a few weeks before the election to decide who will succeed Anthony Weiner as the congressman from the 9th Congressional District, the candidates have been going head-to-head in debates this week. A televised debate was taped yesterday, and another live debate was scheduled in the district last night.
Even before the debate, both sides have painted each other as caricatures. One the Obama-loving corrupt career politician who leaves a trail of questionable ethics behind him as he clambers for higher office. The other an obstructionist, dangerous Tea Partier bent on destroying the social safety net that so many in the district count on. In truth, they’re not so much running against each other as test driving the 2012 arguments their respective parties hope will carry them to the White House and into control of Congress.
Wednesday, July 27, 2011
By Karen DeWitt : NYS Public Radio/WXXI
Albany, NY —
President Barack Obama and Congress do not agree on a way to increase the federal debt ceiling, the default could affect New York State in a number of ways — from a weakened state pension fund to significant gaps in the state budget, the state's comptroller warned.
Friday, July 22, 2011
As Capitol Hill approaches a deal on the debt ceiling an economist says there’s a simple way for Americans to help erase the country’s debt: work for extra decade beyond the current retirement age of 65. Pippa Malmgren, who was financial market advisor to George W. Bush from 2001-2002, told The Takeaway on Thursday that "the bottom line" is that the U.S. "can fix our problems pretty easily, everybody just has to work ten years longer."
Monday, July 11, 2011
President Obama will resume talks today with top House and Senate leaders, in an attempt to reach an agreement over deficit reduction. Obama met with leaders from both parties for an hour and fifteen minutes last night, but little progress was made. The president continues to vie for a bold package that would require new taxes and entitlement cuts, while Republicans insist on a more modest plan and oppose tax increases. They're aiming to reach an agreement by August 2.
Friday, July 08, 2011
— Carrie Budoff Brown, Staff Writer for Politico, on The Brian Lehrer Show.
Friday, July 08, 2011
By Justin Krebs : IAFC Blogger
To get Republicans to stay at the table and raise the debt ceiling, President Obama has been goaded into expanding the discussion beyond the threat of an American default into a conversation about entitlement programs. So he offered what Republicans had just been shellacked for suggesting: cuts to Medicare and Medicaid.
Then he upped the ante and did what President Bush was roundly rebuked for attempting in 2005: he added Social Security reform to the mix.
—Justin Krebs, It's A Free Country blogger
Friday, July 08, 2011
The latest news out of the ongoing negotiations to raise the country's debt limit is that President Obama is putting entitlement reform on the table. But Nancy Pelosi and other Democrats say they were caught completely off-guard by the president's latest proposal, and said that the Party is opposed to including Social Security cuts in any kind of deal. The president says the two sides remain divided and far from finding reaching an agreement, but House Speaker John Boehner says there's a 50-50 chance that they'll be able to arrive at a decision this week. Will the president's dramatic proposal be the catalyst that moves the debt deal forward?
Friday, July 08, 2011
Wednesday, June 22, 2011
By Alec Hamilton : Assistant Producer, WNYC News
Friday, May 13, 2011
There's more bad news for Social Security and Medicare. The economy, rising health care costs and a drop in taxes have all shortened the life of the two entitlement programs.
Monday, April 04, 2011
We're spending almost $800 billion every single year on the Pentagon, on our security. That's more money than every other country on the planet combined spends. That's not a sustainable thing, neither are the now three combat actions around the world. If we're going to be serious about long term sustainability, we're going to have to do, frankly, what [Defense] Secretary Gates proposed, which is $130 billion in cuts to the defense apparatus.
Friday, January 28, 2011
By Solomon Kleinsmith : IAFC Blogger
The president offered some straight talk during his State of the Union address on the relationship between our deficit, long-term debt problems and social welfare spending. He admitted that there would have to be sacrifices to bring our deficits under control, and that only working on non-military discretionary spending barely scratches the surface of the issue.
But what do the American people want to do about this? Normally you could just look at public opinion polling, but in this case, most polls are asking the wrong questions.
Thursday, January 27, 2011
By Dallas Penn
Before man had invented healthcare administrations run by the pharmaceutical-industrial complex, all he had were tough decisions. Do we leave grandpa, or carry him with us across the tundra? As time has moved on and man has become more advanced we have been able to allow grandpa some comfort in getting old, but now that our economic system is on the skids, it's time to look deep into the eyes of the elderly and tell them that tough decisions are coming.