Category Archives: Deficit Commission

Cut Medicare and Social Security Club is back again – this time pointing its daggers at Donald Trump

The Committee for a Responsible Budget (CFRB) is at it again in their quest to cut Social Security and Medicare. Cloaked behind a lace curtain of “bipartisan” concern, the committee includes impotent deficit hawks, sharks and other carnivores of ill repute.

Of course, at the top of the list is Pete Peterson, a very, very old creature and to his fellow seniors, certainly very, very cold and calculating. This Wall Street darling, founder of the Blackstone Group (about $7 billion annual income), is former chairman of the Federal Reserve Bank of New York, chairman emeritus of the Council for Foreign Relations, founder of the Concord Group, and former  CEO of Lehman Brothers (John Kasich’s prior employer). With that background he deserves the Establishment+ designation.

If you watch tv you have probably noticed ads from Fix the Debt, which was founded in 2012, funded by Peterson and multiple CEOs and corporations. Fix the Debt is calling for a grand deficit bargain to be reached by reducing taxes on the wealthy, and cutting Medicare and Social Security by raising eligibility ages for both and reducing benefits.

Enter Stage Right Donald Trump. Continue reading →

Paris is burning! Deficit Commission looks for matches.

Paris is burning and a Democrat on President Obama’s deficit commission predicted recently that the bipartisan panel would come up with recommendations to “shore up” (destroy) Social Security. “The stars are aligned,’’ said Alice Rivlin, a former budget director under President Clinton and now a senior fellow at the Brookings Institution.

“I do expect that some long-run changes in Social Security, both on the benefit side and on the revenue side, are likely to be part of a package,” she continued, speaking at a forum hosted by AARP, the self-proclaimed lobbying group for senior citizens, which has strong ties to the insurance industry through United Healthcare and supported to Medicare Part D fiasco that benefited drug companies and banned negotiating with them for the best price.

“This is a convenient moment to do this. The only better time to fix Social Security than this year is last year or the year before,” she said from her perch.

Once again, another Clinton Third Way, DLC, New Democrat Coalition leftover is trying to destroy the middle class.

One look at this lady is enough to convince you that she is scary. Perhaps, nature didn’t deal her the best hand in the looks department, but that doesn’t mean the rest of us have to suffer with reduction of an average retirement of about $1,000 a month.

Rivlin attended Bryn Mawr College and Radcliffe, is the daughter of a famous physicist, and she served as vice chairman of the Federal Reserve. She is currently on the board of directors of NYSE Euronext, corporate parent of the New York Stock Exchange and Euronext.

This is not a person who can identify with the average American.

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