The only shocker is that there are still a few hold-outs who are still shocked by the Great Betrayal. Happily, most New York Times reader-commenters are up in arms, with one woman (Renee of Manhattan) even suggesting that Barack be dragged bodily from the White House. I hope she does not receive a visit from the Secret Soyvice! Here is my comment:
Mr. Obama will dine with a dozen Republicans tonight, feasting on gourmet goodies as they discuss imposing a diet of cat food on a nation of struggling retirees, veterans, widowed parents and orphans, and the disabled.
Despite what the president says, his is not a balanced approach. Economist Dean Baker has crunched the numbers, and the upshot of Chained CPI will be that poorer people will be contributing at three times the rate as those making over $450,000. And those pesky tax loopholes? They'll be closed temporarily, and then lobbyists bearing scissors will descend upon Congress to let the snipping open begin anew.
But the cuts to our safety net would be permanent, and Obama's proposals represent a sneaky backdoor way to eventual privatization.
More than 80% of Americans polled do not want Social Security, which has added not one dime to the deficit, touched. If anything, we should scrap the cap on FICA contributions to ensure the program's solvency into perpetuity. In this time of chronic unemployment and underemployment, with one in five Americans living in poverty, we should actually be lowering the retirement age and raising benefits.
That a Democratic president is doing the cruel bidding of Wall Street and the deficit hawks instead of doing the bidding of the people who re-elected him is proof positive that lesser evilism is still pretty darned rotten. I hope he's ready for a fight -- because he'll be getting a big one.I usually don't sign petitions, (they're just hooks for endless fund-raising appeals) but I made an exception this week, and for the hell of it added my name to 2 million other signatures delivered yesterday to the White House by Sen. Bernie Sanders and a while contingent of demonstrators. As you can tell by the contents spewing out of his Thatcher carry-all today, Obama must have cackled gleefully if he even deigned to give it a glance. Of course, when people like Sanders and the other sundry inhabitants of the veal pen preface their protests with "I am a big supporter of the president, but....", who wouldn't burst out guffawing? Also humorous are the hordes who continue to insist that the president is being "forced" to cut the safety net by all those nasty Republicans.
But if you like gallows humor as I do, what could be more laugh-out-loud hilarious than Obama sending his new Treasury Secretary to Europe to lecture them on the dangers of austerity? As Yves Smith writes today, it must be getting awfully hard out there for an Obamabot.