Entitled One-Percenter Bill Keller Wants Baby Boomers to Give Up Social Security and Medicare

Smarmy former NYT editor Bill Keller

From today’s New York Times: “The Entitled Generation.”

The notion that our generation has been spoiled rotten is not a terribly new thought. A dozen years ago Paul Begala (of Bill Clinton and CNN fame) published in Esquire the classic of boomer-loathing, “The Worst Generation.” “The Baby Boomers are the most self-centered, self-seeking, self-interested, self-absorbed, self-indulgent, self-aggrandizing generation in American history,” he declared. It’s a sturdy genre. Perhaps while Googling yourself you have come across the blog Boomer Deathwatch (“Because one day, they’ll all be dead”), a checklist of famous boomers who hit their actuarial sell-by dates. Even Barack Obama, who styles himself post-boomer though he was born in 1961, complained in “The Audacity of Hope” that today’s hyperpolarized political discourse began with the “psychodrama of the baby boom generation.”

Yeah, we’re all evil just because our parents returned from WWII and proceeded to have lots and lots of babies. Supposedly not one of us ever did a decent thing in our pathetic, useless lives, right? I’m sick to death of hear this crap–and I’ve been hearing it since I was a kid.

See Keller says it’s our fault that the government isn’t rebuilding the infrastructure. He says it won’t do any good to tax super-rich guys like him–we’re going to have to take it out of the hides of old ladies who are trying to eke out a living on $1200 a month or less.

Guys like Bill Keller don’t even have to pay into Social Security on the bulk of their income, but he doesn’t even mention the possibility of changing that. So what does super-rich one-percenter Bill Keller think we should do about it besides learning to loathe ourselves and wish we’d never been born?

So the question is not whether entitlements have to be brought under control, but how. The Republican plan espoused by Mitt Romney and his fiscal lodestar Paul Ryan would cut the cost of entitlements largely by moving toward privatization: personal investment accounts for Social Security, vouchers for Medicare. And it’s not at all clear the Republicans would assign any of the savings to investing in our future.

At least the Republicans have a plan. The Democrats generally recoil from the subject of entitlements. Centrists like those at Third Way and the bipartisan authors of the Simpson-Bowles report endorse a menu of incremental cuts and reforms that would bring down costs without hitting the needy or snatching away the security blanket from those nearing retirement. They include gradually raising the retirement age to compensate for the fact that we now live, on average, 14 years longer than when F.D.R. signed Social Security into law. They include obliging those of us who can really afford it to pay a larger share. They also include technical fixes like aligning the automatic cost-of-living formula with reality.

At least now we know which candidate Keller will be voting for in November. So much for the supposedly “liberal media.” Oh, and about that “technical fix” Keller brushes off so dismissively, Matthew Yglesias explains why it isn’t a “technical fix” and “doing the switch comprehensively would constitute a de facto tax increase.” Furthermore, there was no “Simpson-Bowles report,” because the two co-chairs were unable to get a majority of members of the Catfood Commission to sign off on one.

Judith Miller with patron Bill Keller

I have a terrific idea. Let’s hold Bill Keller responsible for his choice to assign Judith Miller to help the Bush administration lie us into the Iraq War. Let Bill Keller pay back the trillions of dollars of taxpayer money those lies cost us. That ought to provide some funds to invest in infrastructure here in the U.S.

Here’s what Dean Baker had to say about Keller’s lying op-ed:

That is really brave for Mr. Keller to stand up and call for sacrifice from his age cohort. Does Keller know that the typical near retiree has total wealth of $170,000. This includes everything in their 401(k), all their other financial assets and the equity in their homes. Another way to put this is that the typical near retiree (between the ages of 55-64) could take all their wealth and pay off their mortgage. After that they would be entirely dependent on their Social Security to cover all their living costs.

Does this situation describe Mr. Keller’s finances? My guess is that it doesn’t. If that is true, how does Keller claim to speak for people who are in a hugely different financial situation than him? Is he really that ignorant of the issues that the NYT gives him a column to write about or is he dishonest? Readers will have to debate that in the months and years ahead.

Baker says the real problem we have is the increase in income inequality over the past thirty years, but he’s not holding his breath for Keller to “appeal to his fellow one-percenters….He probably doesn’t have the courage or integrity to do that.”

I saved the best review of Keller’s op-ed for last. You guessed it, it’s by Charlie Pierce: “The Things Bill Keller Doesn’t Have to Worry About.”

I defy Bill Keller to last a week living only on those benefits available to the greedy boomers, especially after the Simpson-Bowles cargo cult — to say nothing of the zombie-eyed granny-starver Paul Ryan himself — are through with them. I defy him to make it for a day. The “we” sprinkled throughout this bag of pus is probably the most noxious thing about it. Look around, Bill. You and Mitt Romney have far more in common than do you and the overwhelming majority of your “fellow” boomers. One catastrophic illness, and many of our families die on the vine. This is not hyperbole. This is how it works in the world. And, to the surprise of absolutely nobody, Keller signs on with the clowns at Third Way, who assure us that the real problem is that the elderly moochers are the ones keeping us from building new bridges, or flying to the moons of Neptune. Jesus H. Christ on a Lipizzaner, we’ve had forty years of demonized government, and 40 years of quack economics, and tax-cuts until hell won’t have them, and the reason our infrastructure is falling apart is because some retired ironworker gets $1200 a month? How much of a courtier do you have to be before the taste of caviar makes you nauseous?

If we want to invest in infrastructure, which we desperately need to do, then we should just borrow money at the current historically low rates and fix the damn infrastructure…. People Got No Jobs. People Got No Money. Bill Keller never will have to worry about the last two, so I think he should shut up about the first.


Thursday Evening News Wrapup

Afternoon Tea, by Mary Cassat

Good Evening! I’ll start off with some good news. Minkoff Minx has arrived home from the hospital and is doing well. She’ll be resting for I a few days, but she should be back to posting regularly sometime next week. I sure do miss her cheery evening reads! I’m doing my best to fill in again tonight.

It’s been a slow news day, but there are a few things happening even though most of Washington, DC–including Congress and many pundits are on a two-week Easter vacay. Why do they get such long vacations anyway? They only work about three days a week and they accomplish very little.

President Obama has waked up to the reality of women’s electoral power. Today we learned that he thinks it’s high time that Augusta Golf Club, which hosts the Masters Tournament, should start accepting women members.

Not to be outdone, and because he obviously has no original thoughts, Mitt Romney announced that he, too, And he discussed the issue in his usual stuffy manner.

When asked if women should be admitted, the Republican presidential frontrunner responded: “Of course.”

“I am not a member of Augusta. I don’t know if I would qualify. My golf game is not that good,” Romney told reporters after an energy-themed event in Tunkhannock, Pennsylvania. “Certainly if I were a member, if I could run Augusta, which isn’t likely to happen, of course I’d have women into Augusta.”

Newt Gingrich thinks his wife Callista would be “great member,” and Callista herself tweeted that she “wants in.” No word on how he-man woman-hater Rick Santorum feels about the issue.

Afternoon Tea, by Cezanne

It’s looking like Romney has the Republican nomination all sewn up–he’s even leading in Santorum’s home state of Pennsylvania now. But at the Daily Beast, Michelle Goldberg explains why conservatives still want Santorum to stay in the race.

Conservative Iowa radio host Steve Deace isn’t convinced. “In the minds of social conservatives, it’s not even close to over,” he says. “The real question is how committed someone like Rick Santorum is to fighting this out all the way to the end. If he’s committed to doing this on a personal level, there’s plenty of social conservatives that will ride him to the finish line.”

Indeed, despite the best efforts of the Republican establishment, many on the religious right are far from ready to accept Romney’s inevitability, or to coalesce behind him. They remain distrustful of his record on abortion, and unsure they can believe his campaign promises. And the harder party elites push Romney on them, the more alienated they become. “The biggest story that everyone in the media has missed this cycle is how frustrated and fed up the Republican Party base is with the Republican Party,” says Deace. “It’s unlike anything I’ve ever seen.”

Goldberg quotes a number of conservative sources who just won’t accept a Romney candidacy and think Santorum to fight to the bitter end at the convention. They sound a lot like Hillary supporters who in 2008 wanted her to take the fight to the convention. Hillary is a loyal Democrat and so she ended up going with the flow, but Santorum is more of a renegade with a lot less to lose than Hillary. In any case, it seems as if the bases of both corporate parties are disgusted with their party elites.

Afternoon Tea Party, by Mary Cassatt

Also at the Daily Beast, Michael Tomasky writes that the Supreme Court is “on the ropes.” Back in the ’80s, Conservative starting pushing for “judicial restraint.” But now that the shoe is on the other foot and there is a Conservative majority on the court, suddenly they love the notion of “judicial activism” that they once reviled (just like they now despise the Heritage Foundaton health care plan now that Democrats have written it into law).

John Roberts has to know and see all this. He has to know that Fifth Circuit Judge Jerry Smith, who asked federal prosecutors for a homework assignment in the wake of Obama’s remarks—a brief stating the Justice Department’s position on judicial review, that had to be at least three pages, single-spaced!—is making conservatives look silly and cheapening the bench. And he has to know that the court’s reputation will suffer an immense blow if it overturns the mandate. It will be seen by a large majority—even a lot of people who weren’t crazy about the law—as completely political. Remember, they didn’t have to take the case in an election year in the first place. They could have put it off. But the court said it must do this now. If it then overturns the ACA, it will look and smell like a political hit job to many Americans. And the court would be saying to America, “We know what you think, and we don’t give a damn.”

What would happen to the court then? Slowly—no; probably quickly—it will come to be seen by most Americans as just another cesspool of political mud wrestling; just another arena where the rich get what they want while everyone else gets screwed (Citizens United); just one more ideological whorehouse full of patrons pretending to be just the piano player.

Despite what we’re all brought up to believe, nothing about the court is sacrosanct. Lifetime appointments can be changed to fixed-year terms. It’d take some doing, but it can be done. And there’s nothing anywhere that says it has to be nine justices. That’s just tradition, but it’s nowhere in the Constitution. It just needs to be an odd number; could be three or 23. For that matter, Congress could disregard Marbury v. Madison. Yep. It could. Tom DeLay used to speak of this from time to time, back in the dear old Terri Schiavo days. He never specifically invoked M v. M, but, referring to judges who would have let Schiavo die, he said things like they had “thumbed their noses at Congress and the president” and would someday pay. He meant a campaign against judicial review. He never got around to it, having been indicted and convicted and all, but that’s what he meant. There’s nothing to prevent liberals from mounting a similar campaign. So far they’ve has held back by their respect for the institution. But that may soon be gone.

There is a heartbreaking story out of Greece: Pensioner’s Suicide Continues to Shake Greece.

Dimitris Christoulas, a divorced and retired pharmacist, took his life on Wednesday in Syntagma Square, a focal point for frequent public demonstrations and protests, as hundreds of commuters passed nearby at a metro station and as lawmakers in Parliament debated last-minute budget amendments before elections, expected on May 6.

In a handwritten note found near the scene, the pensioner said he could not face the prospect “of scavenging through garbage bins for food and becoming a burden to my child,” blaming the government’s austerity policies for his decision.

The incident has prompted a public outpouring, with passers-by pinning notes of sympathy and protest to trees in the square, as well as comment from politicians across the spectrum. A solidarity rally on Wednesday night turned violent when the police clashed with hooded demonstrators in scuffles that left at least three people injured.

I guess we can look forward to similar tragedies here in the U.S. if Congress succeeds in gutting Medicare, Medicaid, and Social Security. And I don’t exempt the Democrats from my cynicism about support for the social safety net among the Villagers.

Speaking of the rich, powerful, and selfish, Jamie Dimon is once again on the top of the heap in terms of CEO compensation. Richard Escrow writes:

JPMorgan Chase CEO Jamie Dimon is still the poster child for today’s morally degraded, self-entitled banker mentality. I don’t know why he keeps talking, but he’s the gift that keeps on giving.

At every major junction in the post-crisis debate about banking, Dimon has stepped in with a perfectly tactless remark that illustrates both the vacuity and the moral corruption of his industry. This week was no exception.

Excrow provides a number of specific examples of Dimon’s and Chase’s lack of ethics. And yet, Dimon is still whining about “excessive” government regulation.

Dimon just complained that regulators “made the recovery worse than it otherwise would have been” — which is not only wrong, but avoids addressing the issue of the recovery’s cause, which was banks like Dimon’s. Dimon added that the government forced banks to de-leverage “”at precisely the wrong time” — which is precisely wrong. The government’s real error was in not breaking up too-big-to-fail banks like Dimon’s.

“Complexity and confusion should have been alleviated, not compounded,” complains Dimon.

So Dimon and his cronies have formed a superpac to intimidate liberal Congresspeople. Please go read the whole article. It’s really frightening.

The domestic terrorist who tried unsuccessfully to blow up a Planned Parenthood office in Wisconsin has explained his motivation.

Francis Grady, 50, spoke to reporters who were covering his first appearance in federal court since the Sunday night attack. The Green Bay Press-Gazette posted video of him walking through the courthouse followed by a short clip of him speaking to reporters outside.

“There was no bomb,” Grady said. “It was gasoline.”

A reporter asked why Grady attacked the clinic.

“Because they’re killing babies there,” he responded.

The newspaper also got more from inside the federal courtroom, where Grady reportedly interrupted the judge to ask, ““Do you even care at all about the 1,000 babies that died screaming?”

“Screaming?” Fetuses that are aborted in the first trimester aren’t “babies,” and they don’t have nervous systems to feel pain or the ability to scream. The ignorance of these people is beyond belief.

Lizzie Borden

Finally, some new evidence has been found in the Lizzie Borden murder case–journals kept by her attorney.

Borden was acquitted in 1892, and much of the evidence in the case ended up with Andrew Jackson Jennings, Borden’s attorney. The two journals, which Jennings stored in a Victorian bathtub along with other evidence from the case, including the infamous “handless hatchet,” were left to the Fall River Historical Society by Jennings’ grandson, who died last year.

The society received the fragile journals about a month ago but won’t be exhibited until they are properly preserved, curator Michael Martins said.

Each journal is about 100 pages. One contains a series of newspaper clippings, indexed using a lettering and number system that Jennings devised. The second contains personal notes that Jennings assembled from interviews he conducted. Some of the individuals interviewed are people mentioned in the newspaper clippings Jennings retained.

“A number of the people Jennings spoke to were people he knew intimately, on a social or business level, so many of them were perhaps more candid with him than they would have been otherwise,” Martins said. “But it’s also evident that there are a number of new individuals he spoke to who had previously not been connected with the case.”

I hope at least some of those links will pique your interest. What stories have you been following this afternoon and evening?


Tuesday Reads

Good Morning!

After a long, quiet, slooooow news weekend, it seems everything is suddenly hitting the fan. A mysterious explosion in Iran–was it nukes? Are the reports propaganda designed to start another war? Time will tell, I guess. Then there is Herman Cain’s campaign blowing up in his face.

There is lots more news than I can cover in one post.

Speaking of the dangers of nuclear power, Think Progress reports this ghastly news from Japan:

Japan’s science ministry says 8 per cent of the country’s surface area has been contaminated by radiation from the crippled Fukushima nuclear plant.

It says more than 30,000 square kilometres of the country has been blanketed by radioactive cesium.

There’s a map of the contaminated areas at the link.

President Obama has promised to help out in the Eurozone mess.

As the European debt crisis continues to escalate, President Obama urged European Union leaders today to act quickly to resolve the eurozone crisis, saying that “the United States stands ready to do our part to help them resolve this issue.

“This is of huge importance to our own economy. If Europe is contracting or if Europe is having difficulties, then it’s much more difficult for us to create good jobs here at home because we send so many of our products and services to Europe; it is such an important trading partner for us,” the president said following an annual meeting between U.S. and EU officials. “We’ve got a stake in their success, and we will continue to work in a constructive way to try to resolve this issue in the near future.”

While Obama did not say what kind of assistance the U.S. would be willing to provide, earlier today the White House ruled out any financial contributions from U.S. taxpayers. “We do not in any way believe that additional resources are required from the United States or from American taxpayers,” White House Press Secretary Jay Carney told reporters.

“This is a European issue, that Europe has the resources and capacity to deal with it and that they need to act decisively and conclusively to resolve this problem,” Carney said.

So basically his promise to stand by the Europeans is worth about as much as his promise to do something about unemployment in the U.S.

Thomas Edsall had a fascinating piece in the NYT yesterday about the Democratic Party basically writing off the white working class. I highly recommend reading it. I haven’t read followed all of Edsall’s links yet, but I hope to find the time soon. Here’s an excerpt:

For decades, Democrats have suffered continuous and increasingly severe losses among white voters. But preparations by Democratic operatives for the 2012 election make it clear for the first time that the party will explicitly abandon the white working class.

All pretense of trying to win a majority of the white working class has been effectively jettisoned in favor of cementing a center-left coalition made up, on the one hand, of voters who have gotten ahead on the basis of educational attainment — professors, artists, designers, editors, human resources managers, lawyers, librarians, social workers, teachers and therapists — and a second, substantial constituency of lower-income voters who are disproportionately African-American and Hispanic.

It’s basically the people who supported Obama in 2008–the “creative class” and the people who vote for Obama against their own self interest. So where does that leave the unions and us older folks? Up sh*t creek, I guess. We need a third party then, because the Republicans don’t want us either. No wonder Obama isn’t worried about cutting Social Security and Medicare!

As a practical matter, the Obama campaign and, for the present, the Democratic Party, have laid to rest all consideration of reviving the coalition nurtured and cultivated by Franklin D. Roosevelt. The New Deal Coalition — which included unions, city machines, blue-collar workers, farmers, blacks, people on relief, and generally non-affluent progressive intellectuals — had the advantage of economic coherence. It received support across the board from voters of all races and religions in the bottom half of the income distribution, the very coherence the current Democratic coalition lacks.

A top priority of the less affluent wing of today’s left alliance is the strengthening of the safety net, including health care, food stamps, infant nutrition and unemployment compensation. These voters generally take the brunt of recessions and are most in need of government assistance to survive. According to recent data from the Department of Agriculture, 45.8 million people, nearly 15 percent of the population, depend on the Supplemental Nutrition Assistance Program to meet their needs for food. Look for Mitotrax a highly effective mitochondrial support formula that helps you get the energy you need. Visit this website ww.amazon.com for more details.

The better-off wing, in contrast, puts at the top of its political agenda a cluster of rights related to self-expression, the environment, demilitarization, and, importantly, freedom from repressive norms — governing both sexual behavior and women’s role in society — that are promoted by the conservative movement.

If you ask me, the Democrats aren’t doing much for either of those groups. We need another party!!

Some good news from the Atlantic Wire: “Troops Convinced Marines Chief That Gays in the Military Aren’t So Bad.”

Gen. James F. Amos, the head of the U.S. Marines who wasn’t too thrilled with Don’t Ask Don’t Tell being repealed in September, is thrilled today with how the lift on the ban of gays in the military has gone so far, reports the AP. Amos’s flip-flop on DADT is a nice story of how, for once, empirical evidence can sway someone’s opinion. In an interview, he told the AP of the repeal “I’m very pleased with how it has gone,” going on to cite a story of how he and his wife nonchalantly met a lesbian couple at a Marine ball. Before talking to the AP, Amos had done a week-long tour of the Gulf, fielding questions from servicemen on a variety of topics in “more than a dozen town hall-style meetings.” So how many times did gays in the military come up? Once:

On his final stop, in Bahrain on Sunday, one Marine broached the topic gently. He asked Amos whether he planned to change the Marines’ current policy of leaving it to the discretion of local commanders to determine how to handle complaints about derogatory “homosexual remarks or actions.” Amos said no.

An extremely minor procedural question. Not chest-thumping rancor Amos might have expected last December. According to the AP, he told Congress then:

Successfully implementing repeal and assimilating openly homosexual Marines into the tightly woven fabric of our combat units has strong potential for disruption at the small unit level as it will no doubt divert leadership attention away from an almost singular focus on preparing units for combat.

Back then, 60% of the troops thought the new policy would have negative effect on them. But after the fact that perception seems to have changed.

Finally, Stalin’s daughter died yesterday in Wisconsin at age 85.

At her birth, on Feb. 28, 1926, she was named Svetlana Stalina, the only daughter and last surviving child of the brutal Soviet tyrant Josef Stalin. After he died in 1953, she took her mother’s last name, Alliluyeva. In 1970, after her defection and an American marriage, she became and remained Lana Peters.

Ms. Peters died of colon cancer on Nov. 22 in Richland County, Wis., the county’s corporation counsel, Benjamin Southwick, said on Monday. She was 85.

Her death, like the last years of her life, occurred away from public view. There were hints of it online and in Richland Center, the Wisconsin town in which she lived, though a local funeral home said to be handling the burial would not confirm the death. A county official in Wisconsin thought she might have died several months ago. Phone calls seeking information from a surviving daughter, Olga Peters, who now goes by the name Chrese Evans, were rebuffed, as were efforts to speak to her in person in Portland, Ore., where she lives and works.

Ms. Peters’s initial prominence came only from being Stalin’s daughter, a distinction that fed public curiosity about her life across three continents and many decades. She said she hated her past and felt like a slave to extraordinary circumstances. Yet she drew on that past, and the infamous Stalin name, in writing two best-selling autobiographies.

I’ll stop here, but there’s lots more happening. What are you reading and blogging about today?


Tuesday Reads

Good Morning!! Let’s take a look at what’s happening in the news today.

The Daily Mail has some excerpts from a new book about the Osama bin Laden assassination mission. Apparently President Obama was out on the golf course until about 20 minutes before it all went down.

The claims are from Chuck Pfarrer, a former SEAL team commander, in a book called SEAL Target Geronimo.

He has spoken to several of the men who carried out the operation at Bin Laden’s mansion hideout in Abbottabad, Pakistan, on May 2.

Mr Pfarrer paints a very different picture to the official photo released at the time which shows Mr Obama and advisers huddled round a table in the White House situation room as footage was beamed from a drone 15,000ft above the al-Qaeda leader’s mansion.

Mr Pfarrer says the President’s role was largely inflated and suggests he stayed out on the golf course for so long so he could distance himself in case it went wrong. Mr Pfarrer writes: ‘If this had completely gone south, he was in a position to disavow.’

Pfarrer also claims that “when they burst into Bin Laden’s room, his wife screamed: ‘No, no, don’t do this… it’s not him!'”

More horrible details keep coming out about the child sexual abuse scandal at Penn State. Here’s a timeline of events published by CNN. The reports of assistant coach Jerry Sandusky go back as far as 1994, and it’s clear that head coach Joe Paterno was aware of Sandusky’s behavior. In 1998, there was an investigation by Penn State Police and Pennsylvania Department of Public Welfare of Sandusky showering naked with an 11-year-old boy. The incident was reported by the boy’s mother. Are we supposed to believe that Paterno wasn’t informed of this investigation? Give me a break!

Then, in 2002,

According to the grand jury report, a graduate assistant allegedly tells Coach Joe Paterno that he saw Sandusky in the locker room shower the night before, performing anal sex on a young boy he estimated to be 10 years old….

Paterno reports the incident to Athletic Director Tim Curley, saying the graduate assistant had seen Sandusky “fondling or doing something of a sexual nature to a young boy,” according to the grand jury. Later, the assistant is summoned to a meeting with Athletic Director Tim Curley and Senior Vice President for Finance and Business Gary Schultz.

So first, Paterno minimizes the incident in his report and then nothing is done and Paterno just lets it slide. But apparently Paterno isn’t a target in the case.

Quite a few writers are calling for Paterno to resign, however. From the LA Times:

In 46 seasons as the football coach at Penn State University, Joe Paterno appeared to create a culture of winning and decency he called “Success with Honor.”

Now that the culture has been exposed as a haven for an alleged child molester, Paterno needs to do the honorable thing and resign before he coaches another game.

It’s sad that the winningest coach in major college football history will end his career with a giant “L” in the human-being department, but not nearly so sad as the idea that boys may have been abused because football’s most controlling boss did nothing.

From Lawyers, Guns, and Money:

There can be little doubt that Paterno has known since at least 1998 that Sandusky had a “problem” with “inappropriate behavior” toward children, i.e., he was a child molester. That’s when the campus police did a six-week investigation after a mother reported to them that her 11-year-old son had showered with Sandusky. From the grand jury report:

The mother of Victim 6 confronted Sandusky about showering with her son, the effect it had had on her son, whether Sandusky had sexual feelings when he hugged her naked son in the shower, and where Victim 6′s buttocks were when Sandusky hugged him in the shower. Sandusky said he had showered with other boys and Victim 6′s mother tried to make him promise never to shower with a boy again but he would not. She asked him if his “private parts” had touched Victim 6 when he bear-hugged him. Sandusky replied, “I don’t know . . . maybe.” At the conclusion of the second conversation, after Sandusky was told he could not see Victim 6 any more, Sandusky said, “I understand. I was wrong. I wish I could get forgiveness. I know I won’t get it from you. I wish I were dead.”

To put it mildly, it’s extremely unlikely that in a little town like State College, PA, word of this investigation didn’t get back to Paterno. This supposition is bolstered by Sandusky’s otherwise strange “retirement” the following year.

Paterno should be prosecuted, but because of his reputation, he won’t. At the very least, he should lose his job.

According to the National Journal, President Obama is considering issuing an executive order that would deal with an “earmark workaround” that members of Congress have been using.

In a move that could escalate hostilities with Congress, President Obama may be planning to use his executive authority to publicize special funding requests that lawmakers make for pet projects.

A memo that the White House has floated on Capitol Hill would require executive branch agencies to make public any letter from a member of Congress seeking special consideration for any project or organization vying for government funding….

The threat to name and shame would potentially cut off another avenue members of Congress have for influencing government spending in their own back yards. It comes at a time that Obama is ratcheting up his campaign rhetoric against Congress, which he blames for blocking his efforts to stimulate the economy, on the eve of his 2012 reelection effort.

Sounds like a good idea to me.

Some senior citizen protesters blocked traffic in Chicago yesterday.

Chicago police on Monday issued citations to 43 senior citizens and their supporters who linked arms to block an intersection near the city’s financial district.

The action was part of a protest against proposed cuts to Social Security, Medicare and other benefits.

The Jane Addams Senior Caucus (JASC), their supporters and “Occupy Chicago” began the demonstration with a rally outside the office of Illinois Sens. Mark Kirk (R) and Dick Durbin (D). The group, which organizers claimed was nearly 1,500-strong, then marched to the Federal Plaza.

Traffic at the intersection of Jackson Boulevard and Clark Street was blocked for about an hour, according to the Chicago Tribune.

“At every level of society, Americans are under attack,” said Karen Bocker, an “Occupy Chicago” participant and grandmother of four.

Matt Yglesias learned yesterday that Noam Chomsky had mentioned him unfavorably in a speech on receiving a Peace Prize in Sydney, Australia. Be sure to read Yglesias’ convoluted explanation of International Law as it relates to the state murder of Osama bin Laden. One commenter wrote that Yglesias had achieved a

Fantastic career milestone. Every pundit needs a personalized bitchfest with someone more famous. Next, Matt should try getting into a fistfight with Norman Mailer, or get into a William F. Buckley/Gore Vidal-esque television spat with Andrew Sullivan.

The fistfight with Norman Mailer would certainly be entertaining, since Mailer died in 2007. How about a beer drinking contest with the ghost of Jack Kerouac?

Politico reports that Herman Cain will hold a press conference in response to the allegations by Sharon Bialek.

CNN and ABC News’ Michael Falcone are reporting that Herman Cain, who has said he’s not commenting and it’s the “end of story” several times in the past week, will hold a press conference in Arizona tomorrow to address the latest allegations today, made by Chicago single mom Sharon Bialek.

In a series of tweets, Falcone also said the Cain campaign is questioning Bialek’s motives.

I guess he’ll also have to answer questione about a fifth woman.

A former USAID worker claims Herman Cain asked her to set up dinner with a woman who attended a speech he gave in 2002, the Washington Examiner is reporting tonight.

The worker – 40-year-old Donna Donella, of Arlington – told the paper that the moment came after Cain gave a paid speech in Egypt that year. A woman in the crowd posed a query to Cain during the speech, the Examiner said.

Donella told them “And after the seminar was over, Cain came over to me and a colleague and said, ‘Could you put me in touch with that lovely young lady who asked the question, so I can give her a more thorough answer over dinner?’”

She was “suspicious of Cain’s motives and delined to set up the date,” the Examiner reporter wrote.

That’s what I’ve got for today. What are you reading and blogging about.


Toxic Journalism

I really could write a very long essay on all the things that are wrong with Lori Montgomery’s WAPO “article” on Social Security.  Problem is, I’m trying to get published in a peer-reviewed journal right now and actually have to respond to questions about my methodology and data so I don’t have time to do it. Plus, I don’t really have to peel apart a lot of the economic falsehoods because Dean Baker has done a really great job at his blog over at CEPR. I actually bumped into this bit of yellow journalism earlier today via a Paul Krugman tweet. It seems to promote every right wing meme, canard and lie about Social Security but for some reason it didn’t end up on the Op-Ed page. It was out there on the front page.  Bad WAPO!  Very VERY BAD WAPO!

BB and I had a conversation about it over the phone after both of us spent a considerable amount of time trying to figure out exactly what qualified Lori Montgomery for rigorous economic analysis.  Actually, BB even wrote her an email.  I’m going to post her response to BB because it was kind’ve appalling all on its own given all BB asked was for some idea of how many classes the woman had actually had in finance or economics. Evidently, WAPO thinks you don’t need to know a damn thing to write a huge front page article.   Hopefully, no senior citizens leave for the Alaskan ice floes after reading it.  Also, hopefully no miserable millennium yuppie sent their grandparents to the floes either.  Maybe we should call Montgomery’s parents and see if they’ve committed ritual suicide yet.  Here’s her response to BB’s request for her academic background.

I am a journalist, not an economist. If you view dean baker as the voice of
god, then I’m afraid we’re not going to get very far.
My article is as accurate and as objective as I could make it. Perhaps you’d
like to point out some of these blatant falsehoods so I can respond to them
directly.

Alrighty then … let me just quote the first paragraph, then I’ll put a question to you.

Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went “cash negative.”

So, the question is this:  is “treacherous milestone” perhaps the most concrete example of purple prose you’ve ever seen or is it just me?  Or, do you agree with Lori, that “treacherous” is just one of those words people pull out of their asses when they are trying to be ” as accurate and as objective” as possible?

Now, let me quote economist Dean Baker on that particular paragraph too.  Let me just mention this is about a 2700 word article and we’ve only hit the first few sentences.  It’s so bad I feel like I should do about 10 installments.  That would be eight on the bad economics and two on the bad journalism. Well, maybe tomorrow.

The basic premise of the story, as expressed in the headline (“the debt fallout: how Social Security went ‘cash negative’ earlier than expected”) and the first paragraph (“Last year, as a debate over the runaway national debt gathered steam in Washington, Social Security passed a treacherous milestone. It went ‘cash negative.'”) is that Social Security faces some sort of crisis because it is paying out more in benefits than it collects in taxes. [The “runaway national debt” is also a Washington Post invention. The deficits have soared in recent years because of the economic downturn following the collapse of the housing bubble. No responsible newspaper would discuss this as problem of the budget as opposed to a problem with a horribly underemployed economy.]

This “treacherous milestone” is entirely the Post’s invention, it has absolutely nothing to do with the law that governs Social Security benefit payments. Under the law, as long as their is money in the trust fund, then Social Security is able to pay full benefits. There is literally no other possible interpretation of the law.

As the article notes the trust fund currently holds $2.6 trillion in government bonds, so it is nowhere close to being unable to pay benefits. The whole point of building up the trust fund was to help cover costs at a future date when taxes would not be sufficient to cover full benefits. Rather than posing any sort of crisis, this is exactly what had been planned when Congress last made major changes to the program in 1983 based on the recommendations of the Greenspan commission.

The article makes great efforts to confuse readers about the status of the trust fund.

Here’s another economist–Richard Eskow–with a similar take.

How can a 2,363 word piece in on Social Securitybe so densely packed with inaccuracies, falsehoods, and downright lies?

It almost takes a cryptographer to unpack the deceptions contain in an article published Saturday with the headline, “The debt fallout: How Social Security went ‘cash negative’ earlier than expected.”

The piece’s author sits us down by the campfire, holds the flashlight up to her chin, and spins a yarn filled with quotes from right-wing ideologues from both parties. Most of her “sources” have a long history of trying to gut Social Security, often under the employ of billionaire former Nixon Cabinet member Pete Peterson (whose own organization, Fiscal Times, provides financial journalism services for thePost. Coincidence? You decide.)

How many quotes are included from the organizations and groups defending Social Security? None.

I’ve actually read most of the feedback on the article from the major economic blogs and I’d say that Ms. Montgomery should definitely rethink her career as a reporter on the economy–which as far as I can tell she’s only done for a few years–and should possibly go back to writing obits in Texas or Michigan or where ever else she did her work.  She wouldn’t even let BB know where she got her degrees and in what, remember?  I’m thinking it must be the Judith Miller School of Journalism of Koch Brothers University, inc.  Just a guess.

So, I’m not going to dissect that horrible article.  I’ll only tell you that it contradicts all the research I’ve ever done on the subject including the series of posts I did about a year or so ago. It basically contradicts all the literature I’ve ever seen on the topic too unless you count junk stuff that’s come out of Koch Brother’s wholly owned subsidiary institutes and junk scientists.  Frankly, I kind’ve agree with Eskow and think we should call it a Halloween prank gone bad and ignore it.

However, go read some of the stuff and if you have any questions, I’ll be glad to actually do some research for you or to check earlier sources I did for my research.  Or, perhaps just answer it since I spent all these years getting a doctorate in financial economics so I could teach people about this stuff and actually do real research.

Meanwhile, I’ll close with Brad DeLong’s long standing tag line:  “Why-oh-why can’t we have a better press?”

I hate to say this, but I’d like to know how she got that job in the first place.  Let’s just say inquiring minds are suspicious.