The collapse of the housing market–preciptated by a bunch of greedy people who drove a speculative market over a cliff–has opened up a gasping financial wound for the vast majority of people nearing retirement. Already devoid of any real, true pensions (meaning, defined benefit pensions that guarantee a specific amount of money that a […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Social Security"
More on Obama and Social Security
Posted on 17 November 2007.
Yesterday, I riffed on the issue I had with Barack Obama’s comments about Social Security and, generally, about the impulse of too many Democrats to buy the framework that there is some "crisis" in Social Security. Today, Paul Krugman picks up the case (I would say that Krugman was copying my post but really […]
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Memo to Sen. Obama and Other Dems: There Is No Social Security Crisis
Posted on 16 November 2007.
I gagged on this during the infamous Tim Russert interview with Barack Obama but shrugged my shoulders in despair. But, I shouldn’t have. When Barack Obama repeated the Republican/Wall Street line about the crisis in Social Security, he was dead wrong. And he and other Democrats have got to stop mouthing this frame. Here […]
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Social Security Flim Flam
Posted on 02 May 2005.
I’m shocked, shocked that the White House would be trying to sell the new version of their Social Security as a plan to protect the poor and, get this, slash benefits for the “wealthy.” Which journalist do they have on the payroll now to help them sell that load of bull? Actually, the usual lambs […]
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Social Security and the Rich
Posted on 11 April 2005.
It’s always been a scandal: most people don’t know that the rich don’t pay their fair share into Social Security. The payroll tax that funds Social Security is capped at $90,000 per year—every bit of income above that level escapes the payroll tax. So, today, The Wall Street Journal has an interesting piece (subscription required) […]
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Duh, Health Care a Crisis
Posted on 25 March 2005.
If you want to know why Democrats are losers, the perfect example is the party’s inability—either through lack of imagination or stupidity—to change the debate from the manufactured “crisis” in Social Security to the real crisis in health care. It’s enough to make a normal person, which I am not, scream. You can see that […]
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Bush’s Wet Dream: Starve the Government
Posted on 18 March 2005.
There is no crisis in Social Security but the president is doing everything possible to create a financial catastrophe to gin one up. This whole game reminds me of the hustlers in Times Square playing the Three Card Monte or find the pea under the cup (actually, because Times Square now resembles a mall that […]
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Ronald Reagan Saved Social Security
Posted on 08 January 2005.
FDR created social security–and Ronald Reagan saved it… Hard to remember but when Social Security was supposedly facing a financial bind back in the 1980’s, Reagan made a deal with Tip O’Neill (then-Speaker of the House in the days when Democrats still controlled Congress): no benefit cuts and a hike in taxes. True, it was […]
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