Michelle Obama really did a great job last night:
And Sen. Dick Durbin promises she’ll get it. Dear God, Andrea Mitchell is just as obnoxious as Sally Quinn at her worst. “How are we going to pay for all that?” she chides. And she’s hounding Dick Durbin about why, why, WHY isn’t this stubborn president cutting all that wasteful spending and pushing Simpson-Bowles to make her and her husband’s friends on Wall Street happy.
Notice how Durbin hastens to assure her that Obama didn’t embrace it because it would have hardened the Republican opposition, and that the Simpson-Bowles report (the Catfood Commission report) has been and will continue to be the template the president will follow. Oh, goody:
Like the Republicans, Democrats cherry-pick. Pelosi, for example, says she is all for Simpson-Bowles, except for that pesky Social Security part.
That “part” would be the Simpson-Bowles proposals to increase the retirement age over the next 50 years from 66 to 69 and the age for early retirement from 62 to 64. This would result, under Social Security formulas, in a 7 percent reduction in benefits for every year the full retirement age is increased, says the Center on Budget and Policy Priorities. At the same time, elderly and disabled Medicare beneficiaries would have to pay higher out-of-pocket expenses.
Liberals quail, as well, at the way Simpson-Bowles would cap federal revenue and spending at 21 percent of gross domestic product and limit the rate of growth of federal health care costs for the poor, the elderly, children, veterans and military families, to the growth of GDP plus 1 percent.
So if the rate of for-profit healthcare increases outstrips GDP plus one percent, doesn’t that leave us with… a voucher system?
Various Democratic interest groups shudder at the proposals to freeze pay for federal workers, slice military and civilian pensions, cut the federal workforce by 10 percent, end congressional earmarks, reform the tort system, cut the corporate tax rate, and adopt a “territorial” tax system for multinational firms in which most or all of overseas profits would not be subject to U.S. corporate income tax.
That kind of shared pain, of course, is what gives Simpson-Bowles such potential as a “framework” or “template.” Everyone has some skin in the game.
Simpson-Bowles lets us “know what the options are,” says Boehner. “All we have to do is have real leadership and courage.”
Personally, I’d rather President Obama state that he will veto the real budget buster: the Bush tax cuts. But that’s just me.
Two people protesting corporate greed were arrested on Tuesday at the Democratic National Convention after disrupting a National Journal panel on energy.
The protesters, who said they were with the effort Take the Money Out, started shouting statements denouncing corporate greed during the panel and poured a fizzy, green-colored liquid over the floor. They also opened a banner that read “Corporate cash nukes this election” while facing the audience of about 50 people.
After resisting for several moments, the two protesters, Pete Tridish and Paul Davis, were escorted out by security personnel and arrested. Because no one knew what the substance was, police called the Pipeline and Hazardous Materials Safety Administration to ensure that it wasn’t toxic. The protesters told National Journal after being arrested that the green substance was a mixture of baking soda, vinegar, and food coloring.
Neither protester nor anyone at the event was injured. Sen. Ron Wyden, D-Ore., who spoke after the first panel, was not present when the protesters interrupted the event.
According to the Twitter feed of Take the Money Out, activists with the same effort also disrupted and got arrested at another energy event the same morning at which Sen. Sheldon Whitehouse, D-R.I., was speaking.
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Virtually Speaking A-Z – 9pm eastern – Stuart Zechman and Jay Ackrod discuss the tension in contemporary liberalism between individual freedom and desirable outcomes in setting public policy
Unaware of the state pre-existing condition plans.
Via Digby on Twitter:
Durbin just told Andrea Mitchell he *knows* that the president will use Simpson Bowles as a template in 2nd term.