SOCIAL SECURITY IS “OFF-LIMITS” – SEQUESTER CORPORATE ASSETS!

Now, the President may propose cuts in Social Security by a device called the Chained-CPI.  

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It works this way: when prices go up, consumers simply shift their dollars to like-products that are cheaper.  So instead of pegging Social Security increases to the real rate of inflation, by using Chained-CPI, Social Security increases are pegged to this lower substitution rate.

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Social Security is not even a small part of our nation’s budgetary problem.

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Therefore it should not even be a small part of the solution to this problem.

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The real problem is the GOP & their calcified brain cells.

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That’s where stem-cell research could be useful.

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Maybe we could take some brain tissue samples from House Republicans Eric Cantor, John Boehner, Paul Ryan, and the Senate Minority Leader, Mitch McConnell and grow some recombinant stem cells and then implant back into their respective brains to jump-start their moribund cerebellums.

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Or better yet, just keep on siphoning off the defense budget (as part of the ongoing Sequester) until the GOP agrees to some revenue-raising measures as part of a budgetary solution.

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The evidence of the very tangible negative consequences that result from the cut-backs in government stimulus is pretty clear from this morning’s jobs report.  Remember, the Sequester took effect on March 1st.

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Only 88,000 new jobs were created in March. Economists had expected at least 200,000.  It’s also a far cry from the 266,000 new jobs created in February.

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The bottom line is that government stimulus – such as through Social Security – keeps this economy from tanking.

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A generally accepted economic maxim is that for every $1 in government spending through government programs like Social Security & Unemployment Insurance, $1.70 is generated within the economy.

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To short-circuit this positive multiplier effect on our economy by enacting Chained-CPI is completely insane.

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A pox on your house, Mr. President.