We all know Paul Ryan is a turd sandwich. Recently, he is admitting Social Security cuts will not do anything to ease our deficit, it would, however, make the stock markets really, really happy:
I’m boggled. That just boggles my mind…I would argue, even though, it’s not really a driver of our debt, it’s not a significant part of our debt problems, it would build great confidence, fixing Social Security on a bipartisan basis, because it would tell not only the credit markets that Americans are getting their act together, it would buy us more time and space with them, it would show that our government’s not broken--Paul Ryan via:
http://wonkroom.thinkprogress.org/2011/03/17/ryan-social-boggled/ Why aren't Democrats repeating this nonsense from the rooftops? Exposing Ryan and Republicans for what they really are?
Is it because some big wig Democrats actually agree?
The Hill
Geithner and his lieutenants argue that benefits reform will give the markets confidence that Obama and Congress have the will to address the problem of long-term national debt.
http://thehill.com/homenews/administration/149489-social-security-reform-splits-the-white-house Digby writes:
This is an interesting insight because what it really illuminates is the fact that Obama’s economic team’s main job is to “send messages” to the bond market. As Krugman has written extensively, this is a particularly bankrupt and almost desperate move that makes little economic sense unless the Treasury Dept has now literally bought into the idea that they need to sacrifice human beings to appease the market Gods.
It’s not reassuring at all that it’s only the political actors who are arguing against cuts because Social Security is not contributing in any way to the deficit or the current economic challenges. The last people who should be advocating for this are the policy people and the fact that they are is very disturbing. It’s either fantasy or corruption.
http://digbysblog.blogspot.com/2011/03/grand-bargains-and-adult-conversations.htmlIt's time to get really vocal with Democrats on this. So far, Harry Reid may be the only obstacle in the way of Social Security cuts. If they cut Social Security to appease the almighty bond market Gods, we have officially and visibly crossed over into the government run by the corporations, for the corporations. I don't doubt it's that way already but at least they used to lie about it. Now they are boldly spewing this crap and expecting us to roll over and accept it because they have a capital "D" next to their names.