Nothing's wrong with social security !!!

It works just fine.  And, a temporary across the board ½ of 1% increase in payroll taxes will fix any temporary baby boom bulge induced temporary shortfalls.  That's a fact.

But, what do they put in the water supply in Washington, D.C. that makes reasonably sane people repeatedly chant the "fix social security" mantra?

Today's contribution is from another of the typical left / right, odd coupled, social security concern quinellas:  Democrat Alice M. Rivlin (Brookings Institution and formerly Congressional Budget Office, Office of Management and Budget, and Federal Reserve) and Republican John W. Kingdon (University of Michigan).

Sez Rivlin and Kingdon:
"Of course, everyone has to compromise to accomplish a comprehensive Social Security reform. Republicans have to give up diverting existing revenues into private accounts. But they can preserve private accounts on top of Social Security and strengthen incentives for individual retirement savings without going to 'privatization'.  Democrats have to accept future benefit cuts, but they need not be drastic and can spare current retirees and lower-income beneficiaries. The package could include future gradual increases in the retirement age and concentrate benefit cuts on higher income people. As part of the compromise, both parties must agree to revenue increases, but they, too, can be modest and can spare low-income individuals. For example, the cap on income subject to social security tax can be raised in gradual steps."  
http://www.miamiherald.com/opinion/other _views/story/579692.html

Cut benefits?  Means test?  Make folks work 8 hour shifts in farms and mines and factories until they're well in their 70's?

In other words, monkey around with THE most successful universally admired welfare state accomplishment of the Democratic Party.  Turn a respected pension plan into a means tested welfare program, guaranteeing it will eventually be abandoned by the middle class, smothered and killed.

That has been the goal of the Republicans since the minute Social Security was adopted.  

The Democratic Party had two great accomplishments in the 20th Century - - civil rights legislation and social security legislation.

Obviously, we haven't eliminated racism and sexism and any other -ism or phobia you can think of.  But, civil rights legislation set up the legal framework that's killing them off.

Obviously, Social Security did not eliminate poverty.  But, it did eliminate old age destitution.  There's a reason you don't see old people on our streets, begging and selling pencils and baskets of flowers, as they did up until the 1930's.

Let's hope that our incoming Democrat president and Democratic Congress are too smart to do the work of the Republicans in either sphere.  Why would we want to do what Bush tried to, and couldn't?  Remember, our numbers started to rebound when we stood up to Bush in defense of social security AS IS!  

Leave Britney alone?  Leave social security alone!



Display:


Leave Britney and social security alone! (1.00 / 0)

Okay?


John McCain says he would stay in Iraq for 100 years? That's crazy talk!
by kosnomore on Mon Jun 23, 2008 at 01:07:27 PM EST

Re: Nothing's wrong with social security !!! (2.00 / 1)

I never  really had grasp of why the republicans wanted to privatize Social secruity. Is there anyone here who can OBJECTIVELY  inform me / us who don't know...

1. The Pros
2. ...and the Cons..

of that push by republicans...


Rise / Repeat / But for god's sake don't spin!
by aliveandkickin on Mon Jun 23, 2008 at 01:16:44 PM EST

Re: Nothing's wrong with social security !!! (2.00 / 1)

Heh.. no outside takers, yet???.

Okay ...how about some troll name calling and images then. Right up ya comfort zone... :P


Rise / Repeat / But for god's sake don't spin!
by aliveandkickin on Mon Jun 23, 2008 at 01:38:22 PM EST
[ Parent ]

Sorry - I was away - - (2.00 / 2)

it's purely ideological - - just like "socialized medicine".  They can't say why, or what's wrong with it, just that it's no good.    


John McCain says he would stay in Iraq for 100 years? That's crazy talk!
by kosnomore on Mon Jun 23, 2008 at 02:07:46 PM EST
[ Parent ]

Re: Nothing's wrong with social security !!! (2.00 / 1)

Since most people can't/won't save on their own, yet our society is based on ownership, it is a good idea to create an "ownership" society.

President Clinton, Bob Kerrey, Sen. Moynihan, Al Gore, Hillary Clinton, and many other dems all accept the idea that we need to help people develop wealth through ownership of assets.

The idea of personal accounts in social security is totally different than "privatize".  Privatize would mean that there wasn't a "system", it would be a  collection of individual accounts totally separate and segregated.  

The Personal accounts idea, had basic guarantees, plus chances to earn more  money.  However the key was the idea of building money that could be passed on to future generations.

Right now, upon death, like Tim Russerts' unfortunately, his family gets $300 from Social Security and that's it.

Even though he paid in it for over 40 years.

If he had a personal account, his family would inherit it, and could use it to build wealth.

I know it's easier to talk in bold demoguegic terms rather than understand that most americans live paycheck by paycheck and spend their money on cable, eating out, clothes, etc. and won't save even a dime.

Personal accounts and ownership through social security makes sense to turn them into owners and investors.

Dems had Social Security +, but once we defeated the republican plan we stopped talking about it.


by yellowdem1129 on Mon Jun 23, 2008 at 01:46:52 PM EST
[ Parent ]

But we have 401K's and 403K's and private (2.00 / 1)

pension plans, deferred comp, etc.  Any supplement you or your employer can devise.
But social security is supposed to be the one size fits all basic minimum universal plan for everyone (like minimum wage).  It's the minimum plan for those who didn't plan.
PS - you lose debate points when you start with the "I know it's easier to talk in bold demoguegic terms".  Why the insults?

John McCain says he would stay in Iraq for 100 years? That's crazy talk!
by kosnomore on Mon Jun 23, 2008 at 02:12:54 PM EST
[ Parent ]

Re: Nothing's wrong with social security !!! (none / 0)

Unfortunately, this trial balloon indicates the 'compromise' Obama will likely go for in 2009. And all because he's bought into the notion that Social Security desperately needs to be fixed. Once you buy into that, the rest is easy.


We can no longer afford to worship the god of hate or bow before the altar of retaliation. Martin Luther King Jr.
by fairleft on Mon Jun 23, 2008 at 01:44:51 PM EST

This is about policy not individuals. (1.00 / 0)

And we need to demonstrate to everyone on our side what it is that our side wants.
Frankly, I can't imagine any democrat in DC who saw how we kicked butt on SSI against Bush would be dumb enough to propose Bush lite.
John McCain says he would stay in Iraq for 100 years? That's crazy talk!
by kosnomore on Mon Jun 23, 2008 at 02:15:18 PM EST
[ Parent ]


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