Stop Obama’s Ongoing Grand Charade to Cut Social Insurances
Friday, 28 December 2012 12:00 By Margaret Flowers, Its Our Economy | Op-Ed
Here we go again. President Obama is in round three of his ongoing efforts to cut our important social insurances, such as Social Security and Medicare. Whether he succeeds or not is up to us. We can create a stronger economy and healthier population by strengthening and expanding our social insurances and switching to a green energy economy.
Round 1: In April, 2010, shortly after President Obama signed into law a health bill that further privatizes our health care system and while all attention was on this ‘historic achievement’, Obama created the National Commission for Fiscal Responsibility and Reform. He appointed Alan Simpson and Erskine Bowles as chairs of what was commonly known as the Deficit Commission and loaded the panel with 14 deficit hawks out of the total of 18 appointees. The commission was given the power to create a deficit plan that would go to Congress for an up or down vote.
If there was still any question about the intent of the commission, those should have been answered by the fact that the Peter G. Peterson Foundation was working closely with them, providing support staff and hosting the America Speaks gatherings in the summer of 2010. Billionaire Pete Peterson has spent decades arguing for cuts to social insurances.