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Thursday, September 15, 2011

President Obama takes Social Security cuts off the negotating table

Social Security Card - IllustrationI       mage by DonkeyHotey via Flickr
On a week were it appear President Barack Obama regained this “mo-jo” back, the Obama administration has announced its’ now pulling back an offer to put Social Security reform on the negotiating table

This is a move that is bound please many in the Presidents’ Liberal, Progressive bases and will probably make in-roads with Left-Lending Independents.

President Obama will not include changes the Social Security Program structure in the deficit reduction measures that he’ll offer to the congressional super committee next Monday September 19th, administration officials confirmed to Huffington Post.

Originally, with House Speaker John Boehner (R-OH) during the debt negotiation talks, President Obama discussed changing ways that Social Security benefits are paid out with changing the inflation formula consumer price index, that lowers’ level of benefits would be paid over time. Speaker Boehner said no to the deal, over concern of taxing Americans in the top 15% income brackets.
“The president’s recommendation for deficit reduction will not include any changes to Social Security because, as the president has consistently said, he does not believe that Social Security is a driver of our near and medium term deficits," said White House spokeswoman Amy Brundage to Huffington Post. 
"He believes that both parties need to work together on a parallel track to strengthen Social Security for future generations rather than taking a piecemeal approach as part of a deficit reduction plan,” she cited. 
"There will be no Social Security in the recommendations," Brundage added.

Rightfully concerned, Democratic Legislators believed the move to cut into the staple program would upset their base, especially after House Republicans took heat for passing a budget that would convert Medicare into a voucher-based program, in Rep. Paul Ryan’s (R-IL) proposal that was dropped.

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The 12-member "super" committee has no obligation to act on the president's proposals but it’s’ highly likely that the six Democratic members meet the Presidents’ recommendation not to cut into the Social Security program. The committee's recommendations will be unveiled sometime around Thanksgiving, with hopes of a vote in Congress toward the end of December. 

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