Roll Call reports today that the Jim Cooper-led Blue Dog effort to create a powerful bipartisan commission that could fast-track cuts to Social Security and Medicare advanced significantly last night:
In a direct challenge to Speaker Nancy Pelosi (D-Calif.), the fiscally conservative Blue Dog Coalition voted Tuesday night to endorse a powerful bipartisan commission with fast-track authority to bring legislation to the House and Senate floor that would slash the federal deficit.
If House Republicans join with the Blue Dogs, they would have the votes to roll Pelosi, who has long opposed the idea. Blue Dogs will also have leverage to push the idea when House leaders bring their jobs package to the floor next month.
The SAFE Commission, sponsored by Reps. Jim Cooper (D-Tenn.) and Frank Wolf (R-Va.), would set up an appointed group tasked with cutting the deficit and would have broad authority to propose tax hikes and spending reductions.
“I believe that the greatest threat to our nation’s economic security is our long-term fiscal imbalance,” Cooper said in a statement. “A fiscal reform commission will help Congress face these tough issues. Blue Dog support for this commission is crucial for its passage.”
This is not exactly news - Cooper has been pushing for just such a "fast-track" commission for ages, and recently testified in favor of the proposal, diagnosing the United States with "fiscal cancer" in front of a Senate committee considering similar legislation.
But just over a year ago, as the Wall Street bailout was being debated in Congress, where was Rep. Jim "Fiscal Responsibility" Cooper? Was he arguing about the horrific effect the bailout would have on the nation's "fiscal cancer"?
Nope.
He was arguing that the Wall Street bailout was too small:
"Is the bail-out big enough? No, this is not a joke. The Administration has consistently underestimated the problem; only three days ago they thought 500 billion was enough..."
And this past summer, as Congress debated the war supplemental, where was Rep. Jim "Fiscal Responsibility" Cooper?
Politico reported he voted no on the original supplemental in May due to "budget concerns". But after $108 billion for the International Monetary Fund was added by the Senate, Cooper ended up changing his vote to "aye".
As for the fast-track commission proposed by Reps. Cooper and Wolf, here is what Barbara Kennelly, former Democratic Congresswoman from CT and President of the National Committee to Preserve Social Security and Medicare, had to say about it in front of Congress last year:
The National Committee is very concerned about the inflated fiscal rhetoric surrounding Social Security and Medicare. Often the future costs of these programs are inappropriately combined to generate an enormous multi-trillion dollar number to advance the notion that spending on entitlements is out of control. While Social Security and Medicare, in combination, are designed to provide older Americans with a sound foundation in their old age, they are in fact two very different programs.
Contrary to some accounts, Social Security is not facing bankruptcy but has a funding gap which is both modest and manageable. This gap is based primarily on demographics. Medicare, on the other hand, is a health care program. Most of its cost increases are being driven by the inflation in overall health care, not demographics. The reasons for these health care cost increases are many and complex and need to be addressed in a larger context. Cutting Medicare benefits without addressing this larger problem will only shift additional costs onto Medicare beneficiaries. ...
We believe that a commission that focuses on Social Security and Medicare in the context of the federal budget, with little regard for the critical role these programs play in the income and health security of future retirees, would be inherently biased and would inevitably result in a reduction in the standard of living of older Americans.
Rep. Cooper only seems to care about "fiscal responsibility" when it's the most vulnerable of his constituents who would feel the pain the most -- and not his corporate backers.