Wednesday, February 09, 2005

Social Insecurity

There's a lot of talk about Bush's plan to demolish (did I say demolish? I meant privatize.) Social Security lately. (Did I say privatize? I meant set up private -- no, make that personal -- accounts.) I'm sorry -- all the new terms the Bushies run up the flagpole when their old ones crash and burn are getting me dizzy.

I have neither the time nor the expertise to write about it more than passingly here. But I can point you in the direction of people doing some very vital work on the issue.

First, there's Josh Marshall at Talking Points Memo. He's makin' a list, and checkin' it twice, of all the Democratic legistlators who are waffling and making noises about supporting the President's plan. (He calls 'em the Fainthearted Faction.) Then there are the surprisingly numerous Republican lawmakers who are peculiarly unwilling to commit to his plan, some of whom have already stated that they oppose it. (He calls 'em the Conscience Caucus. You'll call them delicious.) So from that end, he's covering the political maneuverings about the plan. But he's also doing yeoman's work in explaining Social Security, what it's there for, the extent of its problems, and the levels of deception the Bushies are using to sell America on the fact that: Social Security is IN A CRISIS and their privitization plan will solve the problems (even though they've actually said that the switchover wouldn't make things better one bit). A few of his more recent posts have dealt with the increasing evidence that Bush is laying the groundwork on defaulting on the Social Security Trust Fund -- despite that being a violation of his oath of office. Good stuff, believe me.

Also doing a great job at explaining this complicated stuff is Paul Krugman of the New York Times. He's an economist, but he really seems to know what he's talking about anyway.

Give 'em both a look.

Rob

8 comments:

Andrew said...

This site has a good rundown of SOU bull. I found the on Eric Alterman's Altercation, which is always worth checking out.

One thing I found interesting is that everyone is talking about how people will end up losing benefits in this plan, yet I've heard very little about the massive conflict of interest this represents. I cannot find the NPR segment I heard discussing the history of Social Security. Government bonds were chosen as the investment vehicle to ensure because they were the only truly neutral investment. Imagine if government officials had the power to dump massive sums of money into one stock or another.

This editorial was writtent back when Clinton was talking about privatization, and covers the COI aspect.

Anonymous said...

I'm thrilled to know you young 'uns aren't buying the bull. After all, it's your generation and younger that W hopes to rally to support his mad dream. There's a letter in today's Wall Street Journal that balmes the current generation of retirees for the "mess" Social Security is in. After all, they're the greedy generation of suckers-of-young-blood who voted for FDR and his schemes in the first place. Let's see. FDR was last elected in 1944. At that time, the voting age was 21. that means that to have voted for FDR, some one would have to be at least 81 today. Now Social Security was instituted sometime in the 30s. So this writer is blaming the whole mess on people in their 80s to 100s. And the WSJ published the letter? I'm going to use it in my business writing class to show, at the very least, faulty logic.

Cecilia

Sharon GR said...

Another source:

http://www.msnbc.msn.com/id/6920720/site/newsweek/

He dissects both the Republican and Democratic political positions, and does so in a reasonably easy to understand manner.

Anonymous said...

Sharon, I tried to find this piece but couldn't. Could you be more specific? Author? Title?

Cecilia

Andrew said...

Cecilia - It's in the Feb. 14 issue of Newsweek. It's by Allan Sloan. A good amount of the Newsweek content is also online at MSNBC. You can also try this link and see if it works.

Greg! said...

It's kinda tough to get my head around the idea that this president/administration/party is actually taking part in a misrepresentation of the facts even more wildly deceptive that everything connected with declaring war on Iraq. Setting aside for the moment that vast amount of things concealed or simply unsaid -- like the fact that one of the threats to Social Security's solvency is Bush's own gaping deficit -- the scope of misrepresentation here tips well into the realm of outright lies. There is no more a "crisis" looming now than there was twenty-odd years ago when there were rumbles about S.S. reform during the Reagan years. Why is it that this administration (and, in general, the conservative right as a whole) believe that simply refering to a thing by a certain term makes it so. Calling a spade a diamond doesn't suddenly add a red card to your hand. Unless, of course, you've had that extra diamond hid up your sleeve all along...

Anonymous said...

Thanks, Sharon. As I mentioned before, I teach a business writing course at Villanova. Of course, one of the things I do is teach them critical thinking. If that takes the form of forcing them to confrint W's mendacity and duplicity, hey, I can't help that! On Monday they'll be starting a research project on SS reform. I hope this caises them to see the light, though I'm not as hopeful as I'd like to be.

Cecilia

Rob S. said...

you and your liberal agenda...

work it!