Word has it that Democrats are set to take a shellacking in the 2014 elections, in part because midterm electorates tend to be older and whiter. So what if Dems campaigned on expanding Social Security, rather than allowing themselves to get drawn into another debate over how much to cut the program?Good politics, and good politics.
There’s a hook for this looming: The coming battle over disability insurance, which is a part of Social Security.
Dem Senator Sherrod Brown, a member of the Finance Committee, tells me that GOP Senators have requested hearings into Social Security Disability Insurance this summer. Dems expect Republicans to attack the program as wasteful and fraudulent, in part because conservative media have already done so, and in part because at least one GOP proposal in recent days took aim at the program.
Brown says Dems should seize this occasion to get behind a proposal that would lift or change the payroll tax cap, meaning higher earners would pay more, while adopting a new measure for inflation that would increase benefits for all seniors. Instead of getting drawn into debates about “Chained CPI” and other entitlement cuts, Brown says, Dems should make the case that stagnating wages and declining pensions and savings demand an expansion of social insurance.
Needless to say, the "Very Serious People," in the Democratic Party will hate this idea, because, they are afraid that it might piss off the rich donors who pay their salaries.
It's the Iron Law of Institutions, "The people who control institutions care first and foremost about their power within the institution rather than the power of the institution itself." (Emphasis original)
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