note the report date. 2010. If memory serves me correctly, Smiley did move funds from the Pension Fund, much as the Feds moved funds from Social Security. And the retiree health benefits are a seperate funding issue.
I have seen one of his unemployment proposals. Cut the eligible number of months and reduce maximum benefits by 40%, I believe.
One thing which has not been mentioned as a solution to the "fiscal cliff". Geitner has the authority to freeze payroll withholding levels at the current level. That would over ride one portion of the January 1 cliff. Allow the spending cuts to take effect; who knows we could be on the road to recovery.
But then, as you note, we are dealing with politicians.
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