Bloomberg Co-Chaired Group PUSHING for Social Security CUTS. Published OpEd Declaring “Entitlement Cuts Discussed Are LESS Than What He Believes are Necessary
“….Michael Bloomberg co-chaired a group pushing for Social Security cuts, and published an oped declaring “entitlement cuts being discussed are both less than what I and many others believe are necessary…”
Michael Bloomberg 2012:
-snip-
The outlines of a solution that would give businesses the confidence to invest have been apparent for some time. Two years ago, the Bowles-Simpson commission outlined a solution that included tax increases and spending cuts. President Obama did not endorse it, and Congress did not seriously consider it. A year ago, the bipartisan “supercommittee” on deficit reduction could not even come to agreement on a scaled-down version of Bowles-Simpson, despite strong support from business leaders. And then election-year politics prevented anything substantive from happening for the next 12 months. Progress in Washington is so painfully slow in part because the election calendar is so painfully long.
We do not need another commission or task force. We have waited too long already; it is time for action. To help make the final push as the Dec. 31 deadline for reaching a deal looms, I have signed on as a co-chair of the Campaign to Fix the Debt, a bipartisan national group committed to achieving a comprehensive debt-reduction agreement.
This week, there have been signs that Congress and the White House are beginning to move toward an agreement that would include modest tax increases and spending cuts, as well as a commitment to enact broader-based tax and entitlement reforms in 2013. While the tax revenue and entitlement cuts being discussed are both less than what I and many others believe are necessary to maximize long-term growth, the specifics of the deal are to some extent less important than the act of getting one.
cont’
https://www.washingtonpost.com/opinions/avoid-the-cliff-restore-the-confidence/2012/12/12/6782cb1e-43e6-11e2-8061-253bccfc7532_story.html
Medicare For All | The Gold Standard Health Care Plan
