Bush Tax Cuts Reduced Total Income By $2.7 Trillion

SocialSecurity is a hugely popular and successful program. The vast majority of retirees depend on SocialSecurity for the bulk of their income. This dependence is almost certain to grow in the next two decades due to the country's incompetent economic management. The huge cohort of baby boomers is approaching retirement with almost nothing other than their SocialSecurity to support them. This is the result of the fact that Greenspan-Bernanke crew, as well the Clinton-Bush gang, thought that asset bubbles were fun. 

The collapse of the housing bubble has eliminated much of the wealth that baby boomers were able to accumulate during their working lifetime. With their retirement rapidly approaching & a continuing failure of economic policy to produce normal levels of employment, BabyBoomers will have little opportunity to make up for their lost wealth.

In an interview last week, Rep. ChrisVanHoellen, the chairman of the Democratic­Congressio­nalCampaig­nCommittee, persistently refused to take cuts to SocialSecurity off the table. He said that  Obama's DeficitCommission would make its report after the election and that the Democratic leadership couldn't say before seeing it that a plan that includes cuts to SocialSecurity was unacceptable. 

If there is some principle at stake here, it's not one that the vast majority of the America people share.  
So, why can't the DemocraticParty leadership say that cuts to SocialSecurity are off the table? What part of this is so hard for VanHoellen to understand?
 
If VanHoellen is saying that everything is on the table, then he's almost certainly not telling the truth. It's highly unlikely that the DeficitCommission would consider a partial default on the national debt as an option. Furthermore, it's certain that if the commission did produce a set of recommendations that included a partial default on the national debt that it would almost certainly be rejected out of hand by the both the Democratic leadership in Congress and the ObamaAdministration. 

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