Axelrod: Discussion of Social Security Can Wait

David Axelrod appeared on MSNBC’s “Morning Joe” on Monday, and claimed that any discussion regarding Social Security would just have to wait. Questioned by Mark Halperin about the issue, Axelrod responded:

I’ll tell you what, when you get elected to the United States Senate and sit at that table, we’ll have that discussion.  This is not the time. We’re not going to have that discussion right now unless the Congress wants to sit at a table and say, 'We’re ready to move on a balanced approach to this.’ The reality of Social Security is that this is a much less imminent problem than Medicare. We’ve extended the life of Medicare by close to a decade through the changes that we’ve made and Gov. Romney wants to repeal. Social Security is a more distant problem, one that needs a solution, but it isn’t as pressing as the Medicare issue.

First, Axelrod can’t tell the truth. Obamacare, if instituted, cuts $716 billion from Medicare, cuts $145 billion from Medicare Advantage, and does not postpone Medicare running out of money.

Second, is this Administration so incompetent that they can only deal with one issue at a time?

Check that; this Administration is so incompetent that they can’t even deal with one issue at a time.


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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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