Daily Archives: April 24, 2012

Please think before you buy into the Conservative Right’s view on cutting Social Security

This article is from Just The Messenger:

Excerpts:

There Still Is No Social Security Crisis

By Richard (RJ) Eskow, April 23, 2012

“‘Medicare and Social Security’ don’t have a long-term problem: Medicare has a problem. No amount of spin or double-talk can change that. This year’s slight downturn in Medicare and Social Security finances was caused by the financial crisis of 2008, as lost jobs and wages led to lost revenue for the program. And that disaster was caused by the deregulation of Wall Street, which was carried out the same bipartisan crowd that’s now pushing cuts to these programs … Now they want ordinary Americans to take a hit to both their Social Security and Medicare benefits. A Social Security cut would be needless and counterproductive, and the nation would be better served with a benefit increase … What’s more, since Social Security is forbidden by law from contributing to the deficit, it’s absurd to connect its financing to discussions of the Federal debt. Medicare’s another story. Unless we address the runaway cost of providing health care to seniors, our Federal budget and are entire economy are in dire trouble. Notice, however, that we said ‘address the runaway cost’ and not ‘shift the runaway cost,’ as the Republican proposal would do.”

,…, “Social Security is essentially healthy, and its long-term issues can be fixed by lifting the payroll tax cap.  A “Grand Bargain” to cut Social Security and Medicare will only make things worse. What we really need an overhaul of our health system to remove the corrosive effects of the profit motive on our medical economy – but they don’t want to talk about that.”

,…, “The report released today by the Trustees of the Social Security Administration has already occasioned some of the usual nonsense from the wealthy and highly-funded insider group represented by Clinton and his peers in both parties”.

__________

Richard (RJ) Eskow is a well-known blogger and writer, a former Wall Street executive, an experienced consultant, and a former musician. He has experience in health insurance and economics, occupational health, benefits, risk management, finance, and information technology. He has a somewhat unique perspective on the current financial crisis, since he worked for AIG for a number of years (although not in its infamous Financial Products division).
Richard has consulting experience in the US and over 20 countries. Past clients include USAID, the World Bank, the State Department, the Harvard School of International Public Health, the Government of Hungary, as well as corporations and investors. He has experience in financial and data analysis, systems design, operations, and management.

Evaluating differences…

Special thanks to MoveOn.org:

At what level is Labor? Hmmmm.

Business Week says Newt is wasting YOUR money….

If you thought you were as important as Newt Gingrich thinks he is, you might be asking for Secret Service Protection since you were a Presidential candidate who was likely to win.

What? Newt isn’t that important? Then why does he have the Secret Service?

Let’s ask Business Week:

His think tank went bankrupt. His campaign is $4.3 million in debt. He doesn’t hold a prayer of beating Mitt Romney, something he has all but conceded. And yet since March 6th, the Secret Service has honored his request for protection at a cost to taxpayers of roughly $40,000 a day (or, to translate that into a metric Newt might favor, enough to supply 13,333 people a day with food stamps).

…..

Candidates must meet certain benchmarks earn Secret Service protection. Oddly, though, once protection has been awarded, there is no level of support beneath which it gets revoked. Newt will only stop leeching off taxpayers when Romney becomes the nominee or when he voluntarily gives up his security detail. But the latter option would be an admission that his campaign is hopeless.

It strikes me as odd that Newt campaigns on government overspending and increase of debt. Hell, he also wants to cut lots of budgeting for the poor, so if this can be shown to keep 13,333 hungry folks away from Federally funded food stamps (ah, alliteration), then his potential as a President is obvious.

Steve Doocy Calls This An Apology:

“Last week, President Obama talked about not being born with a silver spoon in his mouth. That was interpreted as a big dig at Mitt Romney. When I was interviewing Governor Romney on this show, I asked him about it. However, I did some paraphrasing that seemed to misquote the president. So to be clear, the President’s exact quote was ‘I wasn’t born with a silver spoon in my mouth.’ And I hope that clears up any confusion.”

See…it’s not really an apology. “That was interpreted as a big dig at Mitt Romney” is Doocy’s point of view and the reason he added “Unlike some people” to his quote. Just putting in the correct sentence does not an apology make.

I hope that confuses any clarity. Doocy sure did.