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Americans Don’t Support Cutting Social Security & Medicare for Deficit Reduction – Even Wall Street-backed “Third Way” Agrees

11/20/2012 4:01 PM   By NCPSSM

We’ve said it before and we’ll say it again:  Americans do not support cutting Social Security and Medicare to pay down the debt. This was confirmed, again, in a new poll released by Third Way, an organization backed by Wall Street which promotes cutting programs like Social Security and Medicare as the “centrist” option.  Yet, they’ve chosen to bury that lead in favor of headlines that better fit its mission.  Why? To convince Democratic members of Congress that voters will give them a pass if they cut these vital programs.  While the Third Way polling memo headline states that voters want the President and Congress to “fix” Social Security and Medicare, you have to dig deep into their narrative to also find this line:

“voters indicate that they want these programs fixed to keep them solvent, but not pay down the debt.”

No kidding. 

Unfortunately, Politico took the Third Way bait and reported that this survey was countering:

“surveys showing that Democrats don't want lawmakers to touch entitlements, don't view the debt and deficit as a top priority, and don't favor Obama working with Republicans.” 

The problem is…that’s just spin.  It completely ignores what our poll (and several others) actually reported.  For Third Way that type of “everyone else got it wrong” marketing is critical to their goal of persuading Democrats that the American people won’t punish them if Congress follows Wall Street’s economic prescription and cuts middle-class benefits in the name of deficit reduction. However, it also ignores that fact that the American people understand the difference between making reforms to improve Social Security and Medicare’s long-term solvency and cutting benefits to reduce the deficit.  Using words like “fix” rather than what they really mean, benefit cuts, shows the fix was in on this polling.

We also have to wonder, if the true goal was to prove that every poll ever taken in the past two years is wrong and the American people really do support cutting middle-class benefits, where is the critical polling question that gets to the heart of the Social Security/Medicare/Deficit issue: “Do you support cutting Social Security and Medicare benefits?”  If it was asked it must be among the 52 of 81 questions which haven’t been released in this Third Way poll. Any bets as to why?

Let’s be really clear about what our NCPSSM/Lake Research poll showed.  It showed Americans, of all ages and political parties, do not support cutting Social Security and Medicare as part of this deficit debate:

  • Voters strongly oppose cutting Social Security benefits with 71% opposed to means-testing and 67% opposed to raising the retirement age
  • 64% strongly oppose cutting Medicare benefits for future retirees and 59% oppose cutting payments to Medicare providers want voters support two Social Security and Medicare reforms by overwhelming margins:

Our poll also shows Americans support two Medicare and Social Security reforms by wide margins:

  • On Social Security, voters across party lines support lifting the cap on wages above the current level of $110,100. We know from focus groups that voters see this cap as an unfair loophole that they did not even know existed. Sixty-five (65) percent of voters favor gradually lifting this cap for both employees and employers, including 75 percent of Democrats, 63 percent of Independents, and 54 percent of Republicans.
  • On Medicare, overwhelming bi-partisan majorities support allowing Medicare to negotiate with drug companies to bring down the cost of prescription drugs. Eighty-six (86) percent of voters favor this, including 77 percent who strongly favor it. By party, 91 percent of Democrats favor allowing Medicare to negotiate with drug companies (81 percent strongly favor), as do 85 percent of Independents (75 percent strongly favor), and 81 percent of Republicans (75 percent strongly favor).

Lastly, our poll shows that 85% of those surveyed say Social Security and Medicare were important factors in casting their 2012 vote. 

Ultimately, that is what makes Washington’s fiscal hawks and Wall Street backed groups like the Third Way nervous.  Because even their own polls, no matter how they’re twisted and spun, show the American people do not support cutting Social Security and Medicare as part of this deficit debate.

CATEGORY: [Budget], [entitlement reform], [Medicare], [Social Security]


Comments

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  1. Ricky's avatar Ricky said on 12/5/2012 10:29 AM: Reply  
    I've noticed that the main stream media and even some Democrats in Washington are increasingly using the term "Entitlements". This term has been used solely by those on the Right who seek to characterize the recipients of Social Security as Free Loaders and Welfare Cheats seeking a free ride on the backs of tax payers. Then they turn around and openly recommend their true plan which is to give Social Security funds to Wall Street to manage (sub text: make additional Billions off broker fees for investment transactions).
    This takes a lot of hutzpah on their part considering Wall Street has never been obligated to pay any meaningful taxes to support the running of this country and it has now been directly responsible for two major collapses of our economy in the last eighty years that have fallen exclusively on the backs of average Americans. After 1.6 Trillion Dollars in Taxpayer Bailouts to Wall Street Investment Banks over the past five years to save a system that basically only caters to the top one percent who can afford to buy significant blocks of investments, I suspect most Americans are ready to make a change. This includes those who are paying and have paid their hard earned money into the Social Security Trust Fund throughout their entire working careers and they believe that it’s way past time for this institution to bear the cost for their bad behavior. Yet the vast majority of Congress continues to ignore the ever growing chorus of academics, economist, and average citizens who want a 1% Transaction Tax levied on millions of daily Wall Street trades that would result in Billions of Dollars in additional revenue annually. The results, the deficit is resolved and hopefully an end to the Wall Street casino environment characterized by the enormous number of short term trades daily to make a quick buck that have contributed most to the lack of meaningful long term investing that financed the initial growth of this country !
  2. NICK's avatar NICK said on 11/28/2012 11:51 PM: Reply  
    wHO WAS CEO PRIOR TO MAX
  3. Ricky's avatar Ricky said on 11/27/2012 2:06 PM: Reply  
    It's time to go after Wall Street that has never paid any taxes on their massive incomes over the history of the institution. Most Americans pay taxes on their incomes, personal property, homes, and everything they buy but Wall Street pays essentially nothing after causing the worst financial crisis in over seventy five years. New York City approved a tax on Wall Street that is still on the books but every mayor has cheerfully refunded the amount paid to Wall Street for fear they would relocate to another state and they would lose a massive amount of revenue from a state income tax on the income of Wall Street employees.
    The Wall Street Transaction Tax (aka.Tobin Tax) was proposed back in the seventies and has never been enacted. Best estimates are that a 1% tax on just the millions of daily computerized Flash Trades would produce Billions of Dollars in revenue a year that would end the so-called fiscal crisis and a large portion could be distributed to the states to resolve their financial woes, many on the verge of bankruptcy. This tax would resolve the issue of gouging the rich to pay for this current fiscal crisis as they would see no higher income tax and little change in their investment income. This tax makes far more sense than putting the future of current and future seniors at risk just to satisfy a small group who have long fought to destroy government managed social programs that don't benefit the private profit objectives of Capitalists. As one progressive commentator said, “we are the wealthiest country on the planet and we should be ashamed of the stingy support that our government managed social programs provide when compared to the benefits provided by similar programs in Western Europe and other foreign countries‘ !
  4. Lee_A_Arnold's avatar Lee_A_Arnold said on 11/26/2012 9:31 PM: Reply  
    Please take a look at this following video on YouTube! It may help your campaign a lot if you send it to people. It shows that entitlements do not need to be cut. It is a graphical animation of the CBO budget projections, and it is very easy to understand:
    http://www.youtube.com/watch?v=Wd4HDautaUw
  5. MyTacoMonster's avatar MyTacoMonster said on 11/21/2012 8:16 PM: Reply  
    Remove the cap on wages subject to Soc Sec tax.PERIOD. If there must be a cap, put it on the employers side and make it sufficiently high to make a difference. Yes, deal for the best meds price and for crying out loud, DO NOT CUT MEDICARE benefits to retiree's past present or future nor to providers. It is hard enough to make ends meet and try to stay healthy w/o the government "pulling the proverbial trigger" on the "gun they are holding to your head in the form of Soc Sec and Medicare"

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