Don’t Let Obama Cut Medicare, Medicaid, and Social Security. He'll Reshape Social Security, Medicare Programs.Don’t Let Obama Cut Medicare, Medicaid, and Social Security. Please support Truthout’s work by making a tax- deductible donation: click here to contribute. If you voted this election, whether for Barack Obama, Jill Stein or even Mitt Romney, you did not vote for austerity. But that’s of little consequence to Obama and the Republicans. The two parties are currently drafting measures that will undermine Social Security, Medicaid and Medicare as the economy approaches the “fiscal cliff” at the end of this year when more than $6. They hope to strike a “grand bargain,” but are bickering over how much to increase taxes and cut spending. The spotlight has been on the Bush tax cuts, which Obama campaigned on repealing for the rich, but this issue is a sleight of hand that distracts the public from the bipartisan plotting against your retirement income and healthcare. Surely, you say, Obama will thwart the Republicans’ scheme to dismantle social welfare. After all, it’s well known that retirement programs are healthy. Social Security is solvent through 2. Medicare is solvent through 2. Both can be strengthened for decades to come with relative tweaking. MEDICAID AND PERSONS WITH DISABILITIES 1. 8 The QMB and SLMB programs can be extremely. Social Security, Medicare. Centers for Medicare & Medicaid.
Trusting a Democratic president with protecting the general welfare is ill advised when the last one gave us NAFTA, welfare “reform” and the repeal of Glass- Steagall. Not only has Obama been gunning for retirement programs since 2. I’ll explain), he’s so hell bent on reducing deficits that he’s willing to damage the economy. The Congressional Budget Office estimates if the economy plunges over the cliff, recession will hit in 2. Interestingly, the CBO calculates that if all the tax cuts are left in place and no spending cuts are enacted the economy will grow by 4. This would be the highest rate of growth since the late 1. Now, it’s a stone- cold fact that the Democrats are willing to gut social welfare. Listen to New York Times chief political correspondent Matt Bai: “Mr. Boehner, in the summer of 2. Medicare, Medicaid and Social Security.” Bai says there was “near unanimity” among Obama’s advisers and Harry Reid and Nancy Pelosi said “they would get behind it.” Paul Krugman’s assessment is harsher, saying Obama was “willing to sign on to . Bai says the two sides were haggling over the amount of cuts, not the question of bleeding retirement programs. Obama was willing to sacrifice $1 trillion in Medicare cuts over two decades, $1. Medicaid cuts, and acquiesced to “changing the Social Security formula so that benefits would grow at a slower rate.”Mind you, the Budget Control Act Obama and Boehner eventually inked not only put the fiscal cliff in place, it cut spending for a second time in 2. Over the next decade this will chop $9. This is wonk- speak for social programs, which will shrink to pre- 1. Simply put, Washington already plans to roll back the Great Society – even before the fiscal cliff is reached. But wasn’t Obama at the mercy of a Tea Party Congress threatening default unless he forked over $2 trillion in spending cuts? That’s what Bai argued last April: “Not only was . Allowing Republicans to use “economic blackmail”only emboldens them. The fiscal cliff is the third time the right is using mafia tactics – “Nice country you got here. Shame if something were to happen to it” – as Krugman describes it. The only way to call the right’s bluff is to allow the economy to go wobbly so Wall Street, the GOP’s masters, will bring their attack dogs to heel. Also, notice that Bai thinks allowing a default is unthinkable, but pilfering food, medicine and money from more than 1. Americans is perfectly fine. As for Bai’s contention that “public concerns about government spending” stoked by the right would overwhelm Obama’s presidency, it’s utter bullshit. Take a look at this site, which covers 2. June 2. 01. 0. When pollsters list options, which skew responses, the economy and jobs poll close to 5. The latter figure, incidentally, is similar to the percentage of voters in the 2. Tea Party. In six polls, the response was open- ended, which better reflects what the public thinks. Economy and jobs still notched 4. The deficit and national debt was barely a blip, averaging 4 percent. No matter how the data is sliced then, the deficit is an inside- the- Beltway obsession that at most inflames right- wing firebrands who are never going to support the Democrats. Nate Silver crunched the numbers on the debt deal in July 2. Silver’s number- crunching is unparalleled – and found House Republicans to be “extremely conservative on fiscal matters and ? It would have strengthened his standing with the public going into the 2. From this evidence, it’s impossible to claim Obama is hostage to the right. The truth that remains, even if it seems improbable, is that Obama is a right- wing politician who has had the welfare state in his sights from day one. Don’t take my word for it. Obama said it on January 1. Washington Post five days before his inauguration. The article was headlined: “Obama Pledges Entitlement Reform; President- Elect Says He'll Reshape Social Security, Medicare Programs.” Obama said this was part of his legacy, declaring that he was “willing to spend some political capital” so that the “the hard decisions are made under my watch, not someone else’s.”This was not idle chatter. Here is a sampling of what Obama said and did the next two years. In February 2. 00. Obama held a “Fiscal Responsibility Summit” at the White House, in which he issued dire warnings of future generations being “saddled with our debts.”In his 2. State of the Union Address he proclaimed, “Like any cash- strapped family, we will work within a budget to invest in what we need and sacrifice what we don't,” and called for a three- year spending freeze that fell heavily on social programs. On February 1. 8, 2. Obama signed an executive ordercreating the “Simpson- Bowles Commission” tasked with making “recommendations that put the budget in primary balance.” In November 2. Remember, this was in the name of cutting the deficit,This is before the Tea Party swept into Congress, so there was no pressure on Obama to appease the right. By adopting Tea Party talking points on spending and comparing government to a family – what family do you know that has 8,1. Obama ran in 2. 00. Bush tax cuts. But hereneged on his promise just one month into his presidencyeven though he was gushing with political capital, the right was in disarray and the Democratic- controlled Congress was ready to pass it. Writing on September 2. Financial Times, Summers outlined the Rosetta Stone for Obama’s presidency. Summers’ article was published right after Lehman Brothers’ collapse, the financial Pearl Harbor that threatened the global economy. It was a classic case of The Shock Doctrine: using the meltdown to go after social welfare. He argued for a stimulus, while taking pains to mention, “We still must address issues of entitlements and fiscal sustainability.” He also said no “new entitlement programs or exploding tax measures,” which included “healthcare restructuring,” but not single- payer healthcare. Summers’ silences were notable: nothing about regulating finance, strengthening labor organizing or addressing the home foreclosure crisis. Fiscal sustainability is simply a euphemism for cutting social spending to pay for deficit reduction. Economists like Dean Baker and Paul Krugman have demolished every rationale for deficit reduction under present circumstances: with interest rates below the rate of inflation, bondholders are paying the U. S. Which is why Obama’s song and dance about “shared sacrifice” is so grating – and probably music to granny- starver Paul Ryan’s ears. Obama and Boehner are wrangling over whether or not the Gulfstream set has to part ways with a 4.
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