Saturday, October 8, 2016

Hillary Clinton, In Paid Speeches To Wall Street, Promoted Commission That Pushed Social Security Cuts

During the Democratic presidential primary, Hillary Clinton was criticized for refusing to release the transcripts of paid speeches she gave after she ended her term as Secretary of State. Now,  just a month before the election, a transparency group has published what it says are excerpts of those speeches -- and the remarks show Clinton appearing to reassure Wall Street with rhetoric that differed from the kind she voiced in more public forums.

The email was released by the website Wikileaks, as part of what it says are more than 2,600 emails hacked from Clinton campaign chairman John Podetsa. The Clinton campaign has neither confirmed nor denied the authenticty of the emails.

The email shows Clinton specifically telling Morgan Stanley that the Simpson-Bowles commission “put forth the right framework” for dealing with fiscal challenges. She also said “the Simpson-Bowles framework and the big elements of it were right.”

As the nonpartisan Center on Budget and Policy Priorities reported in 2011, that commission proposed a plan to “cut benefits for the vast majority of Social Security recipients, weaken the link between a recipient’s benefits and past earnings (which could undermine public support for the program), and, despite the claims of the co-chairs, fail to protect most low-income workers from benefit cuts.”

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