Deficit plan wins 11 of 18 votes; more than expected, but not enough to force action.

[SidDithers]

http://www.washingtonpost.com/wp-dyn/con...id=topnews

Quote:Eleven of the 18 members of President Obama's fiscal commission voted Friday to embrace a bipartisan commission's controversial plan to slash deficits by nearly $4 trillion over the next decade -- too few votes to command quick action in Congress, but far more than even the panel's most ardent supporters had predicted just a few weeks ago.

Looks like the sane predictions are coming true - that the proposals of the "catfood commission" won't be coming to pass after all.

Sid

[There Is No Spoon]

(12-03-2010 10:48 AM)SidDithers Wrote:  http://www.washingtonpost.com/wp-dyn/con...id=topnews

Quote:Eleven of the 18 members of President Obama's fiscal commission voted Friday to embrace a bipartisan commission's controversial plan to slash deficits by nearly $4 trillion over the next decade -- too few votes to command quick action in Congress, but far more than even the panel's most ardent supporters had predicted just a few weeks ago.

Looks like the sane predictions are coming true - that the proposals of the "catfood commission" won't be coming to pass after all.

Sid

I stated that repeatedly on DU - none of the trolls were listening.

[Julie]

Well there goes a whole lot of wasted pearl clutching!

[spazito]

I am not surprised. The President was very wise in the way he set up the Commission and the criteria needed to get any recommendations approved. A number of sane DUers tried to tell the 'OMG, seniors will be eating cat food and the corporatists run the show' crowd this but, like everything else, the facts were studiously ignored or shouted down.

Thanks for the heads-up on this, it is much appreciated.

[Willinois]

(12-03-2010 10:48 AM)SidDithers Wrote:  http://www.washingtonpost.com/wp-dyn/con...id=topnews

Quote:Eleven of the 18 members of President Obama's fiscal commission voted Friday to embrace a bipartisan commission's controversial plan to slash deficits by nearly $4 trillion over the next decade -- too few votes to command quick action in Congress, but far more than even the panel's most ardent supporters had predicted just a few weeks ago.

Looks like the sane predictions are coming true - that the proposals of the "catfood commission" won't be coming to pass after all.

Sid

Their proposal for Social Security was pretty mild and even offered benefit increases to some lower income recipients and those over 85.

It looks like Simpson was correct about those who were engaging in sensationalist exaggeration about their plans for Social Security. I'm sure we can expect an apology from a number of posters at FDL and several pundits at progressive publications.

[Joan Ruaiz]

(12-03-2010 02:32 PM)Willinois Wrote:  I'm sure we can expect an apology from a number of posters at FDL and several pundits at progressive publications.

As long as you don't hold your breath.....you will be fine waiting.....and waiting....and waiting!

[sandnsea]

(12-03-2010 02:32 PM)Willinois Wrote:  Their proposal for Social Security was pretty mild and even offered benefit increases to some lower income recipients and those over 85.

It looks like Simpson was correct about those who were engaging in sensationalist exaggeration about their plans for Social Security. I'm sure we can expect an apology from a number of posters at FDL and several pundits at progressive publications.

Actually even milder than I expected. But no, there won't be any apology because they're all pretending they are raising retirement age from 62 to 69 and that is just crap. I posted the actual text from the proposal and hope some folks will pay attention.

Early Eligibility is currently at age 62 and will increase to 64 in, get this, 2075. They have also proposed creating a flexible claim program and a hardship program for those who cannot work past age 62.

http://obama-mamas.com/blog/?p=2173

[Devon]

(12-03-2010 10:48 AM)SidDithers Wrote:  http://www.washingtonpost.com/wp-dyn/con...id=topnews

Quote:Eleven of the 18 members of President Obama's fiscal commission voted Friday to embrace a bipartisan commission's controversial plan to slash deficits by nearly $4 trillion over the next decade -- too few votes to command quick action in Congress, but far more than even the panel's most ardent supporters had predicted just a few weeks ago.

Looks like the sane predictions are coming true - that the proposals of the "catfood commission" won't be coming to pass after all.

Sid

I bought all that cat food for nothing.