The Atlantic from an hour ago: 5 Things to Watch For in Debt Ceiling Crunch-Time

Poll_Blind

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Thu Jul-07-11 05:32 PM
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The Atlantic from an hour ago: 5 Things to Watch For in Debt Ceiling Crunch-Time

5 Things to Watch For in Debt Ceiling Crunch-Time

Must-read, broken into 5 bullet points, a paragraph or so each. I'm only going to excerpt No.4(sans links), the rest are about that long and it's a quick read.

They are:
1) Everything Means Everything
2) Democrats Are Nervous
3) Republicans Are Nervous
4) Social Security Is on the Chopping Block

It's becoming extremely hard to follow the back and forth on Social Security. Pelosi says it's off the table. Clyburn says it's on the table. And there's been surprising buzz for a reform called "chained-CPI" (I wrote about this a month ago) which would slow the growth of Social Security checks with a slower-growing inflation adjuster. I'm not sure why chained CPI would be better than changing Social Security's bend points (explanation here), which would let lawmakers concentrate benefit cuts on the rich. But that's the buzziest Social Security reform of the day.

5) What Might Surprise Us

Read the rest at the link above!

PB

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nashville_brook

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Thu Jul-07-11 06:10 PM
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1. hedge fund managers need their tax cuts - we must sacrifice!

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Dept of Beer

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Thu Jul-07-11 06:38 PM
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3. And people complain when we read this uneasy news and state that we should

1) either primary anybody that goes along with gutting SS

2) or look for a third party option.

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bemildred

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Thu Jul-07-11 06:33 PM
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2. A trillion here, a trillion there, pretty soon you are talking about real money. nt

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