In a classic example of weasel words from the AARP, they have come out strongly against changing the cost of living adjustment (COLA) as part of the Gang of Six proposal, but made sure to leave the door open to supporting it in the near future. From AARP press release about the Gang of Six: [...]
|By: Jon Walker Thursday July 21, 2011 10:54 am|
|By: Jon Walker Thursday July 21, 2011 9:33 am|
With less than two weeks until President Obama’s August 2nd deadline for raising the debt ceiling, there seems to be no coalescence around a single solution. If anything, the scope of ideas being discussed seems to grow wider not narrower. There is the $4 trillion grand bargain offered by President Obama. This deal was rejected [...]
|By: Jon Walker Wednesday July 20, 2011 12:27 pm|
I called Hoyer’s office this morning to ask if he considers cutting the COLA a benefit cut, but haven’t received a response.
|By: Jon Walker Wednesday July 20, 2011 11:19 am|
It appears that the bulk of the Gang of Six’s deficit reductions come from simply empowering the relevant Senate committees to decide on cuts at predetermined levels. The Senate committees would then write the pieces of legislation that get fast-tracked through Congress. It would be another move by the Senate to consolidate the actual task of legislation in the upper chamber.
|By: Jon Walker Wednesday July 20, 2011 7:24 am|
A “plan” entails laying out specifically what policies you all agree to change. Saying you told someone else to work out basically every important detail at a later time isn’t a plan. It’s grandstanding. It is just another form of the magic asterisk trick we have used in the past so politicians can pretend they have reached an agreement on really big numbers without actually doing anything.
|By: Jon Walker Wednesday April 20, 2011 10:40 am|
It seems not only the President of the United States but a large bipartisan group of senators have developed a love for the comically unserious idea of automatic budget triggers. From Bloomberg: Proposals being circulated among the bipartisan “Gang of Six” Senate negotiators, and about 20 other lawmakers in both chambers, would set deficit-cutting targets, [...]
|By: Jon Walker Tuesday April 19, 2011 12:12 pm|
It seems President Obama has succeed in shifting the deficit debate dramatically to the right. The right-of-center plan Obama laid out that relies on two parts spending cuts for every one part new tax revenue has already been declared the left extreme in the debate by top senate Democrats. From ABC News: Senator Dick Durbin, [...]
|By: Jon Walker Wednesday October 7, 2009 1:36 pm|
This seems very strange to me and shows the depth of ill will there must be on the Senate Finance Committee these days. Baucus publicly screwed over Wyden on his free choice amendment a few days ago, but Baucus’s slight of Rockefeller was longer and maybe more serious. Rockefeller chairs the Senate Finance Committee subcommittee [...]