Thursday Reads
Posted: March 24, 2011 | Author: bostonboomer | Filed under: Barack Obama, education, fundamentalist Christians, morning reads, right wing hate grouups, Social Security, The Media SUCKS, torture, U.S. Economy, U.S. Politics, unemployment, worker rights | Tags: Barack Obama, Barry Bonds, Bart Stupak, Elizabeth Taylor, food stamps, Jason Leopold, Jeff Kaye, Republicans, Social Security, Torture, unions, war on schools | 32 CommentsGood Morning!!
I’ve got a potpourri of news items for you this morning. I realize I’ve been focusing too heavily on stories from the Middle East and Africa. I’ve just so gotten fascinated with all the rebellions going on. Anyway, this post will be dedicated to stories about events in the U.S.
Yesterday we lost the last great movie star, Elizabeth Taylor. She had been in the hospital for weeks with congestive heart failure. Today she died, at 79. From The New York Times:
By the time Elizabeth Taylor left this mortal coil at 79, she had cheated death with a long line of infirmities that had repeatedly put her in the hospital — and on front pages across the world — and in 1961 left her with a tracheotomy scar on a neck more accustomed to diamonds. The tracheotomy was the result of a bout with pneumonia that left her gasping for air and it returned her to the big, bountiful, hungry life that was one of her greatest roles. It was a minor incision (later, she had surgery to remove the scar), but it’s easy to think of it as some kind of war wound for a life lived so magnificently.
Unlike Marilyn, Liz survived. And it was that survival as much as the movies and fights with the studios, the melodramas and men (so many melodramas, so many men!) that helped separate Ms. Taylor from many other old-Hollywood stars. She rocketed into the stratosphere in the 1950s, the era of the bombshell and the Bomb, when most of the top female box-office draws were blond, pneumatic and classifiable by type: good-time gals (Betty Grable), professional virgins (Doris Day), ice queens (Grace Kelly). Marilyn Monroe was the sacrificial sex goddess with the invitational mouth. Born six years before Ms. Taylor, she entered the movies a poor little girl ready to give it her all, and did.
Ms. Taylor, by contrast, was sui generis, a child star turned ingénue and jet-setting supernova, famous for her loves (Eddie & Liz, Liz & Dick) and finally for just being Liz. “I don’t remember ever not being famous,” she said. For her, fame was part of the job, neither a blessing (though the jewels were nice) nor a curse. Perhaps that’s why she never looked defeated, unlike those who wilt under the spotlight. In film after film she appears extraordinarily at ease: to the camera born. She’s as natural in “National Velvet,” the 1944 hit that made her a star at 12, as she is two decades later roaring through “Who’s Afraid of Virginia Woolf,” proving once again that beauty and talent are not mutually exclusive, even in Hollywood.
I’m sure Liz would not be surprised to learn that the Westboro Baptist Church will picket her funeral. She was close friends with many gay men in Hollywood–Rock Hudson, James Dean, Montgomery Clift among them–and she worked tirelessly for AIDS causes. Meanwhile the pastor and members of the Westboro Baptist Church are mean-spirited, soulless haters.
There’s a nice tribute to Taylor at The Independent UK by Julie Burchill: Farewell then, Liz. You knew your beauty was a fuel worth burning
With the death of Elizabeth Taylor, the last of the Hollywood greats is finally gone. True to form – never a lady, barely ever a girl – this tough broad supreme battled on against ill-health for decades after her contemporaries overdosed on barbiturates, booze and self-loathing. And at a time when professional beauties seem terrified to show any sign of ageing lest they be shunted into character cameos in favour of some fresher flesh, Taylor was fascinating for being far less interested in leaving a good-looking corpse than in wringing every drop of the juice from every inch of the ride.
If that sounds a somewhat lewd metaphor, all the better. Married eight times, she was the anti-Marilyn; rather than combine a child’s face with an adult body and be prey to all the weirdos who might be attracted to such a pervy paradox, Taylor was a woman of the world from the get-go. Child stars are notorious for spending a couple of years on the ugly step while the studios wait for them to outgrow adolescent awkwardness, but she went straight from hugging Lassie to snogging Montgomery Clift, it seemed.
To see the teenage Taylor draw Clift towards her in the masterpiece A Place In The Sun (from the book of Theodore Dreiser’s An American Tragedy) with the words “Tell Mama – tell Mama all” is to witness one of the most extraordinary portrayals of lust ever created. And it didn’t stop when the cameras did; years later, according to her housekeeper, Marilyn Monroe would become obsessed with the apparently gay Montgomery Clift and repeatedly complain; “Liz Taylor has the Oscar, she has children, she even has Monty – she has everything!”
From being denounced by the Vatican in the Sixties as “an erotic vagrant” (I think they meant it as an insult, but it sounds gorgeous to me) to being hailed by the director of the UCLA Aids Institute as the “the Joan of Arc of Aids activism”, Taylor lived her life according to her own rules – more Wife of Bath than untouchable ideal of feminine perfection. Looking at the insipid contemporary film-star likes of Gwyneth Paltrow, for whom eating half a cupcake seems a walk on the wild side, this cursing, drinking, swashbuckling goddess is a reminder of when hell-raisers didn’t automatically have to be as mad, bad and sad as Charlie Sheen and Mel Gibson.
Here’s a nice video tribute I found on YouTube:
Now for the rest of the news, which as usual isn’t very good. The Republicans are trying to increase poverty by attacking food stamps and worker’s rights at the same time! They want to cut of food stamps for an entire family if one member goes on strike.
…[A] group of House Republicans is launching a new stealth attack against union workers. GOP Reps. Jim Jordan (OH), Tim Scott (SC), Scott Garrett (NJ), Dan Burton (IN), and Louie Gohmert (TX) have introduced H.R. 1135, which states that it is designed to “provide information on total spending on means-tested welfare programs, to provide additional work requirements, and to provide an overall spending limit on means-tested welfare programs.”
Much of the bill is based upon verifying that those who receive food stamps benefits are meeting the federal requirements for doing so. However, one section buried deep within the bill adds a startling new requirement. The bill, if passed, would actually cut off all food stamp benefits to any family where one adult member is engaging in a strike against an employer:
The bill also includes a provision that would exempt households from losing eligibility, “if the household was eligible immediately prior to such strike, however, such family unit shall not receive an increased allotment as the result of a decrease in the income of the striking member or members of the household.”
At FDL, Phoenix Woman dissects the latest media attacks on Social Security.
Ho-hum. Another day, another set of Peterson patsies explaining yet again why Grandma must starve so that their billionaire bosses and their buddies can keep their twenty-odd homes in the Hamptons and Hobe Sound:
Writing today on the op-ed page of The Washington Post, Robert Pozen makes the casethat liberals should support changes to Social Security. Mr. Pozen is a Democrat , though not necessarily a liberal one; he is a financial executive who served on President George W. Bush’s Social Security commission and in Mitt Romney’s administration in Massachusetts. But his argument is worth considering, whether you’re liberal or conservative.
So what’s the argument that the Pozen part of the Leonhardt-Pozen Legion of Doom tag team’s presenting? It’s their old favorite, the “Social Security is less progressive than it seems” bit of twaddle. How old is it? Why, it even comes pre-debunked, that’s how old it is.
To learn more, click on the link above.
I highly recommend reading this piece by Jeff Kaye, who has been researching and writing about torture for years now. He and Jason Leopold have been working together on a series at Truthout.
As part of a new investigative story, Truthout has published documents written by the former psychologist for SERE, and later CIA contract interrogator for the Bush torture program, Bruce Jessen. Before going to work for the CIA with his former SERE partner, psychologist James Mitchell, Jessen authored a 2002 “draft exploitation plan” for military use, based on his experiences as a SERE instructor. The newly-discovered documents, provided to Truthout by former SERE Air Force Captain Michael Kearns, were written back in 1989 when Jessen was transferred from his clinical role elsewhere in SERE to help staff a new survival training course for Special Mission Units undertaking dangerous assignments for Special Operations forces abroad.
Jason Leopold and I co-authored the new story, which includes a video interview with Captain Kearns, who helped hire Jessen back in 1989 for his new SERE role helping put together the class titled SV-91. The documents include notes for a portion of that class, known as “Psychological Aspects of Detention.” The other document is a paper by Jessen, “Psychological Advances in Training to Survive Captivity, Interrogation and Torture,” which was prepared for a symposium at that time: “Advances in Clinical Psychological Support of National Security Affairs, Operational Problems in the Behavioral Sciences Course.”
Jessen’s notes, in particular, demonstrate that this course material, which was “reverse-engineered” to provide a blueprint for the interrogation and detention policies of the Bush administration — some of which remain in use today — emphasized not just the ways to coercively interrogate an individual for intelligence purposes, but to “exploit” the detainee for a number of uses.
From Catherine Rampell at the NYT Economix blog: More Americans Dropping Out of the Labor Force. Apparently the drop in participation is not just due to the economic crisis. According to Rampell, more women are choosing not to work than in the past, and the the pending retirements of baby boomers are big contributors to the phenomenon.
This piece at The Daily Beast is a few days old, but still worth reading: Obama’s War on Schools
Over the past year, I have traveled the nation speaking to nearly 100,000 educators, parents, and school-board members. No matter the city, state, or region, those who know schools best are frightened for the future of public education. They see no one in a position of leadership who understands the damage being done to their schools by federal policies.
They feel keenly betrayed by President Obama. Most voted for him, hoping he would reverse the ruinous No Child Left Behind (NCLB) legislation of George W. Bush. But Obama has not sought to turn back NCLB. His own approach, called Race to the Top, is even more punitive than NCLB. And though over the past week the president has repeatedly called on Congress to amend the law, his proposed reforms are largely cosmetic and would leave the worst aspects of NCLB intact.
Read it and weep.
From CNN: Suspect in attempted bombing at MLK Day parade pleads not guilty
Kevin Harpham, 36, of Colville, Washington, made the plea during an arraignment hearing in federal court in Spokane. Harpham faces trial on charges of attempting to use a weapon of mass destruction and for possessing an unregistered explosive device.
Federal authorities arrested Harpham March 9, nearly two months after the January 17 discovery of a backpack containing a bomb along the Martin Luther King Day parade route in Spokane. The explosive device was found and disabled before the event began.
Officials called it an incident “of domestic terrorism” that could have resulted in “mass casualties,” had the bomb gone off.
I haven’t been following the Barry Bonds trial, but I was really angry when I read this: Witness says he knew of Bonds’ steroid use in 1999
Honestly, baseball should strike Bonds’ hitting records. It’s disgrace that he gets credit for passing Hank Aaron in home runs. Anyone who saw Bonds when he was younger had to know he was using steroids to get so big.
Poor Bart Stupak is afraid because of all the hate he got for voting for Obama’s health care bill.
After suffering through a “living hell” during negotiations on the healthcare law, former Rep. Bart Stupak (D-Mich.) finds it hard, a year later, to distance himself from his pivotal role.
“I guess I’m the face of healthcare,” Stupak told The Hill in an interview this week. “It goes with the territory.”
Last March, Stupak became the object of a flood of threats and obscene messages, left at his office and his home, as he helped hammer out a deal between anti-abortion-rights Democrats and the White House that was instrumental in passing healthcare reform through the House by a single-digit-margin.
Cry me a river, Bart.
That’s about all I’ve got for today. What are you reading and blogging about?
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TGIFriday Reads
Posted: March 18, 2011 | Author: dakinikat | Filed under: Bahrain, Democratic Politics, Federal Budget, financial institutions, Foreign Affairs, Libya, Middle East, morning reads, Regulation, Social Security, U.S. Economy, U.S. Military, U.S. Politics | Tags: Bahrain protests, Budget fights, EPA, Harry Reid, Libya, no-fly zone, Social Security, US nuclear plants, US power plants, US response to Libya | 43 Comments
I can’t believe it’s Friday already. It just seems like my recent bout with the flu put me in some other time zone. There is so much going on right now my head is spinning from all the news. We have a nuclear melt down, another war with another madman, and congress nitpicking over little line items in the budget when there’s a sustained high rate of unemployment. What’s next?
The shipments—mostly small arms such as assault rifles and ammunition—appear to be the first confirmed case of an outside government arming the rebel fighters. Those fighters have been losing ground for days in the face of a steady westward advance by forces loyal to Libyan leader Moammar Gadhafi.
The Egyptian shipments are the strongest indication to date that some Arab countries are heeding Western calls to take a lead in efforts to intervene on behalf of pro-democracy rebels in their fight against Mr. Gadhafi in Libya. Washington and other Western countries have long voiced frustration with Arab states’ unwillingness to help resolve crises in their own region, even as they criticized Western powers for attempting to do so.
The shipments also follow an unusually robust diplomatic response from Arab states. There have been rare public calls for foreign military intervention in an Arab country, including a vote by the 23-member Arab League last week urging the U.N. to impose a no-fly zone over Libya.
SOS Hillary Clinton believes that the No-fly zone will require bombing. This has been indicated by some retired generals who have done similar actions in other UN actions like Bosnia. Clinton is in Tunisia and has been traveling in the region.
“A no-fly zone requires certain actions taken to protect the planes and the pilots, including bombing targets like the Libyan defense systems,” Clinton said in Tunis, her last stop on a trip that also took her to Cairo and Paris.
In all her stops, Clinton’s done a mix of stressing the need for democracy in post-revolution Tunisia and Egypt, and pushing for international cooperation in responding to the crisis in Libya. On Thursday, her only full day in Tunisia, Clinton promised that the United States “will stand with you as you make the transition to democracy, prosperity and a better future.”
Democrats are finally pushing back on the Republican canard that Social Security is bankrupt. Harry Reid also took on the falsehood that Social Security is some how related to the Federal Deficit. It’s about time.
Senate Majority Leader Harry Reid (D-NV) appeared on MSNBC last night, where he strongly rejected the idea that Social Security cuts should be on the table during current budget talks. “I’ve said clearly and as many times as I can, leave Social Security alone. Social Security has not added a single penny, not a dime, a nickel, a dollar to the budget problems we have. Never has. And for the next 30 years, it won’t do that,” Reid said. “Two decades from now, I am willing to take a look at it. I am not willing to take a look at it now.”
House Republicans, meanwhile, have stated their intention to suggest “bold reforms” for Social Security in their 2012 budget, which House Budget Committee Chairman Paul Ryan (R-WI) plans to release during the first week of April. At Politico’s “Playbook Breakfast” today, which Wonk Room attended, Ryan was asked about Reid’s position. Ryan said that Reid’s stance “just boggles my mind,” before later admitting that Social Security is “not a driver of our debt”
Politico reports that Republicans are trying to roll back financial reform.
Republicans clearly want to strike at the heart of banking reform with legislation attacking new regulations on derivatives, credit rating agencies and private equity firms. But their piecemeal approach suggests they are trying to do so without appearing to favor Wall Street over Main Street.
And for a party so vigilant on its messaging, the GOP doesn’t intend to swing the door wide-open for Democrats to go on the offensive in ways they couldn’t during the repeal debate over the far less popular health care law.
“There’s no question they didn’t like financial reform,” Rep. Barney Frank (D-Mass.), one of the law’s namesakes and top Democrat on the committee said of Republicans. “But they’re more respectful of the public appeal of this and are going about this at the edges.”
Obama held a presser yesterday and announced that he had ordered a review of safety at US nuclear facilities.
The Nuclear Regulatory Commission has conducted an “exhaustive study” of U.S. plants and they have been “declared safe for any number of extreme contingencies,” Obama said at the White House. Still, he said, a review should be conducted based on what is learned from the damage at the Japanese facility.
The president said the administration will keep the public informed about the nuclear crisis and sought to allay any health concerns in the U.S.
“We do not expect harmful levels of radiation to reach the United States,” including Hawaii, Alaska and territories in the Pacific, he said.
Obama’s remarks reinforced statements earlier today by NRC Chairman Gregory Jaczko that the government continually reviews safety and standards and will do so based on what is learned from the situation in Japan. There is no immediate need for special inspections of U.S. nuclear plants, he said.
Meanwhile, the EPA has proposed tougher air pollution standards for US power plants.
Newly proposed national standards for mercury, arsenic and other toxic air pollutants from power plants could prevent as many as 17,000 premature deaths and 11,000 heart attacks a year, according to the U.S. Environmental Protection Agency.
The proposed standards, released Wednesday by the EPA in response to a court deadline, could also prevent 120,000 cases of childhood asthma symptoms and 11,000 cases of acute bronchitis among children each year; avert more than 12,000 emergency room visits and hospital admissions annually; and lead to 850,000 fewer days of work missed due to health problems.
Under the proposal, many power plants would be required to install proven pollution control technologies to reduce harmful emissions of mercury, arsenic, chromium, nickel and acid gases, the EPA said.
Opposition leaders in Bahrain have been arrested following a crackdown on protests.
Several opposition leaders and activists have been arrested in Bahrain following a violent crackdown on anti-government protests in the Gulf kingdom.
State television said “leaders of the civil strife” had been arrested for communicating with foreign countries and inciting murder and destruction of property.
Among those arrested were Hassan Mushaima, who had returned last month from self-imposed exile in the UK after Bahraini authorities dropped charges against him, and Ibrahim Sharif, head of the Waad political society, a secular group comprising mostly Sunni members.
Also taken into custody early on Thursday was Abdul Jalil al-Singace, a leader of the Haq movement, who was jailed last August but was freed in late February as part of concessions by the Khalifa royal family to protesters.
Al Jazeera’s correspondent, reporting from the capital, Manama, said a crackdown on the opposition’s main voices was under way.
“Significant members of the opposition were arrested overnight, including some prominent activists. Soldiers broke into the houses of these figures early in the morning and made these arrests,” he said.
Later in the day, protesters ignored warnings to stay at home and gathered in Dair and Jidhaf just outside Manama.
What a world!
One last article from Politico on Secretary of State Hillary Clinton and the role she played in getting the world to take on Gadhafi. Also, some more hints on her future plans.
Clinton has made similar “I’m not here forever” comments before – but it was the timing of her remarks to CNN on Wednesday that raised eyebrows, coming at a critical moment in her fierce internal battle to push President Barack Obama to join the fight to liberate Libya from Muammar Qadhafi.
Clinton’s position was vindicated early Thursday evening when the United Nations Security Council – at the urging of the United States – approved a resolution authorizing “all necessary measures” to protect Libyan civilians, including a no-fly zone. U.N. Ambassador Susan Rice told reporters that such a move could involve direct attacks on pro-Qadhafi forces now bearing down on the rebel stronghold of Benghazi in eastern Libya.
Clinton’s persistence in the anti-Qadhafi cause has been such a constant in the White House in recent days that Obama, according to reports, joked about Clinton lobbing rocks through his window during his remarks at Saturday night’s Gridiron dinner.
“Stay tuned,” said one Clinton friend when asked if the secretary would ultimately prevail.
Two Clinton friends, who speak with her regularly, told POLITICO she wasn’t trying to send any message to Obama with her interview with Wolf Blitzer Wednesday and she has no plans to leave earlier than the end of the president’s first term.
Whats on your reading and blogging list today?
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Wrong! Wrong! Very Wrong!
Posted: March 8, 2011 | Author: dakinikat | Filed under: Baby Boomers, Domestic Policy, Federal Budget, John Birch Society in Charge, Psychopaths in charge, right wing hate grouups, Social Security, The Media SUCKS, the villagers | Tags: Annuities, Longevity Insurance, Old Age insurance, Robert J. Samuleson, Social Security | 22 CommentsI almost never read Robert J. Samuelson because he is basically one of those people that seems to read a few things
then moves himself to expert status. He’s one of many writers who seems to derive a livelihood by achieving intellectual dilletante status. I couldn’t get pass this headline at his WAPO column: ‘Why Social Security is welfare’. Why journalistic poseurs are allowed column space to promote so much wrong information is beyond me.
We don’t call Social Security “welfare” because it’s a pejorative term, and politicians don’t want to offend. So their rhetoric classifies Social Security as something else when it isn’t. Here is how I define a welfare program: First, it taxes one group to support another group, meaning it’s pay-as-you-go and not a contributory scheme where people’s own savings pay their later benefits. And second, Congress can constantly alter benefits, reflecting changing needs, economic conditions and politics. Social Security qualifies on both counts.
Samuelson is obviously confused. I wonder if he feels this way about every annuity investment sold by every insurance broker and bank in the country? Social Security is a benefit that every worker pays for that is basically an insurance annuity set up to pay you back when you hit the stated conditions of the contract. It has elements of insurance in it that is comparable to the government-sponsored flood insurance plan. It has elements of a life annuity which is a similar contract that you can buy from any insurance broker. You pay now and it pays you benefits in the future, again, when you meet the conditions of the annuity. It’s a form of longevity insurance.
Additionally, it is not means tested which means that receiving the annuity has nothing to do with your income. It has to do with you joining the plan and paying the premiums as you work or as your parents or spouse works. It is not a transfer payment which is the traditional form ‘welfare’ or safety net program. Transfer payments go to a beneficiary simply upon meeting certain criteria without ever having paid into the program directly. Usually, transfer payments are means-tested which means they pay only to low income citizens. Transfer payments direct payments or services to people that don’t involve any exchange of goods and services for the benefit. They are a one-way transfer of benefits and their main purpose is for income redistribution. Social Security does not fall under this category at all. If you or a qualifying family member don’t contribute to the program, you will not get your benefits. Your benefits are also eventually based on what you contributed and not what your income says you need. This is a huge difference.
You can read two other economics/finance writers who explain this in similar ways. First, Economics professor Mark Thoma on Economist’s View explains the bad logic involved with this argument. He also explains why Social Security is an insurance annuity and not a transfer payment in a similar way.
Social Security is no different, it is an insurance program against economic risk as I explain in this Op-Ed piece. Some people will live long lives and collect more than they contribute in premiums, some will die young and collect less. Some children will lose their parents and collect more than their parents paid into the system, others will not. But this does not make it welfare.
Is gambling welfare? Gambling transfers income from one person to another. Does that make it welfare? Loaning money transfers income when the loan is paid back with interest. Are people who receive interest income on welfare?
There is an important distinction between needing insurance ex-ante and needing it ex-post. Insurance does redistribute income ex-post, but that doesn’t imply that it was a bad deal ex-ante (i.e., when people start their work lives).
Angry Bear has made the same argument. (Both of these quotes are pretty old btw since Samuleson keeps rehashing this canard over and over and over.) There is an example there of the basic insurance problem taught in finance classes in risk theory. It shows why people basically buy insurance. It also discusses the benefits of having insurance provided by the government when the private sector fails to provide the service. Flood insurance and Longevity insurance make sure that people who have experienced those conditions do not become a burden on society and get shoved into the welfare system. They pay premiums on each pay check–just as each of us do–to make sure that we don’t either outlive our incomes and wealth.
What does all of this have to do with Social Security? Those who are hard-working, fortunate, and not too profligate will have a large nest egg at retirement and Social Security will account for only a small portion of their retirement portfolio. This is tantamount to paying for insurance and then not needing it. This happens all the time — every year someone fails to get sick or injured and, while surely happy in their good health, would have been better off not buying insurance. That’s the nature of insurance: if you don’t need it, then you’ll always wish you hadn’t purchased it. Only in the context of retirement insurance is this considered a crisis.
On the other hand, those with bad luck or insufficient income will not have a nest egg at retirement. Because of Social Security, instead of facing the risk of zero income at retirement, they are guaranteed income sufficient to subsist.
This is precisely like the insurance example I worked through above: people with good outcomes will wish they hadn’t paid into the insurance fund; those with bad outcomes will be glad they did. Ex-ante, everyone benefits from the insurance. Overall, society is better off because risk is reduced; because people are risk-averse, the gains are quite large.
Additionally, Samuelson tries to force the Social Security program back into the federal deficit column when it is and was designed as a stand alone program. He also uses the current downturn–with its high and sustained rate of unemployment and hence, people NOT paying into social security at the moment–as an excuse to call the trust fund insolvent. This is another canard.
Contrary to the Obama administration’s posture, Social Security does affect our larger budget problem. Annual benefits already exceed payroll taxes. The gap will grow. The trust fund holds Treasury bonds; when these are redeemed, the needed cash can be raised only by borrowing, taxing or cutting other programs. The connection between Social Security and the rest of the budget is brutally direct. The arcane accounting of the trust fund obscures what’s happening. Just as important, how we treat Social Security will affect how we treat Medicare and, to a lesser extent, Medicaid.
Dean Baker also calls Samuelson “inaccurate and misleading”. (h/t BostonBoomer)
It seems that for some reason he has a hard time understanding the idea of a pension. This shouldn’t be that hard, many people have them.
The basic principle is that you pay money in during your working years and then you get money back after you retiree. Social Security is a pension that is run through the government. Therefore Samuelson wants to call it “welfare.”
It is not clear exactly what his logic is. The federal government runs a flood insurance program. Are the payments made to flood victims under this program “welfare?” How about the people who buy government bonds. Are they getting “welfare” when they get the interest on their bonds? If there is any logic to Mr. Samuelson’s singling out Social Security as a source of welfare, he didn’t waste any space sharing it with readers.
There are a few other points that deserve comment. He claims that the trillions of dollars of surplus built up by the trust fund over the last three decades were an “accident.” Actually, this surplus was predicted by the projections available at the time. If anyone did not expect a large surplus to arise from the tax increases and benefit cuts put in place in 1983 then their judgement and arithmetic skills have to be seriously questioned.
In terms of the program and the deficit, under the law it can only spend money that came from its designated tax or the interest on the bonds held by the trust fund. It has no legal authority to spend one dime beyond this sum. In that sense it cannot contribute to the deficit. Mr. Samuelson apparently wants to use Social Security taxes to pay for defense and other spending.
Social Security coffers will see increased funding as long as people have jobs that pay more. Judging the cash inflows at a time when unemployment is unusually high and sustained is analysis aimed at pushing a political agenda. It’s not a realistic view of the future stream of revenues. The pot will replenish at a rate better than today simply by getting rid of the high unemployment rate and getting people into jobs with incomes that actually improve. Consistently increasing the cap level by the rate of inflation would also provide an additional and reasonable source of funds.
I’ve written more than a few posts explaining the basics of social security. It gets old when you have to repeat the same arguments to the same boneheads–like Samuelson–over and over. I really don’t understand why some news outlets just seem to tolerate deliberate misinformation as ‘opinion’. I certainly hope that some one with a similar sized readership will challenge Samuelson on his facts. He plays fast and loose with them all the time.
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Tuesday Reads
Posted: March 8, 2011 | Author: bostonboomer | Filed under: Barack Obama, Catfood Commission, collective bargaining, Foreign Affairs, Libya, Middle East, morning reads, Psychopaths in charge, Social Security, Team Obama, U.S. Economy, U.S. Military, U.S. Politics, worker rights | Tags: Alan Simpson, Barack Obama, collective bargaining, Jeb Bush, Karl Rove, Libya, Moammar Gadhafi, NATO, Scott Walker, Social Security, union protests, Wisconsin | 18 CommentsGood Morning!! There is a lot of news breaking this morning about Libya. The Guardian just posted this story: Barack Obama raises pressure on Gaddafi as no-fly zone gains support
Barack Obama has stepped up pressure on Colonel Gaddafi, saying the US and Nato allies were considering a military response to violence in Libya, with the list of options including arming the rebels.
Obama’s remarks came as Britain and France made progress in drafting a resolution at the UN calling for a no-fly zone triggered by specific conditions, rather than timelines. Downing Street is hopeful that a resolution with clear triggers such as the bombing of civilians would not be subject to a Russian veto at the security council.
The foreign secretary, William Hague, told the Commons a no-fly zone would have to be supported by north African countries and rebel leaders and would also need an appropriate legal basis.
There is concern by Western governments that Gadhafi may succeed in defeating the opposition forces if they don’t get more international support soon. Obama is getting pressure from Senator John Kerry who has been pushing for the no-fly zone for some time now.
Kerry, chairman of the foreign relations committee, argued at the weekend that a no-fly zone would not amount to military intervention, adding: “One could crater the airports and the runways and leave them incapable of using them for a period of time.” ….Obama is believed to oppose US military intervention in Libya, partly because it could boost Gaddafi’s standing. But if civilian deaths mount and the humanitarian crisis worsens, his hand may be forced.
The New York Times says discord is growing in DC over the Libya situation.
Of most concern to the president himself, one high-level aide said, is the perception that the United States would once again be meddling in the Middle East, where it has overturned many a leader, including Saddam Hussein. Some critics of the United States in the region — as well as some leaders — have already claimed that a Western conspiracy is stoking the revolutions that have overtaken the Middle East.
“He keeps reminding us that the best revolutions are completely organic,” the senior official said, quoting the president.
At the same time, there are persistent voices — in Congress and even inside the administration — arguing that Mr. Obama is moving too slowly. They contend that there is too much concern about perceptions, and that the White House is too squeamish because of Iraq.
Furthermore, they say a military caught up in two difficult wars has exaggerated the risks of imposing a no-fly zone over Libya, the tactic discussed most often.
The American military is also privately skeptical of humanitarian gestures that put the lives of troops at risk for the cause of the moment, while being of only tenuous national interest.
It really makes me angry that our government had no problem going into Iraq to take out Saddam Hussein over weapons that didn’t exist, but now that we have a humanitarian crisis with people being slaughtered by a vicious tyrant, our President is dithering and the military doesn’t want to help because our own selfish interests aren’t involved. What about doing something because it’s the right thing to do? For once we actually have a chance to be the good guy. Yeah, I know that’s crazy talk…
According to Reuters, Gadhafi is “looking for [an] exit deal.”
Two Arab newspapers and al Jazeera television said on Monday Libyan leader Muammar Gaddafi was looking for an agreement allowing him to step down, but there was no official confirmation of the reports.
Al Jazeera said Gaddafi had proposed to Libyan rebels to hold a meeting of parliament to pave the way for him to step down with certain guarantees.
It said Gaddafi made the proposal to the interim council, which speaks for mostly eastern areas controlled by his opponents. It quoted sources in the council as saying Gaddafi wanted guarantees of personal safety for him and his family and a pledge that they not be put on trial.
Al Jazeera said sources from the council told its correspondent in Benghazi that the offer was rejected because it would have amounted to an “honourable” exit for Gaddafi and would offend his victims.
So, while Western leaders argue and Libyan rebels hold out for a better deal with the madman, Gadhafi’s forces continue to attack the ragtag opposition from the air. I think our indecisive President needs to think about how he is going to look if Gaddafi manages to crush the opposition and stay in power.
In other news, Alan Simpson is out in public making a fool of himself again.
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Live Blog: SOTU 2011
Posted: January 25, 2011 | Author: bostonboomer | Filed under: Barack Obama, Democratic Politics, Surreality, U.S. Economy, U.S. Politics | Tags: austerity, Barack Obama, David Dayen, John Boehner, Michelle Bachmann, Paul Rosenberg, Paul Ryan, Social Security, SOTU, spending freeze, stupid politicians, useless media | 106 CommentsJust how bad will it be? Document the atrocities as you watch and/or listen to the State of the Union Address tonight. I don’t know how much of it I can stand to watch–I may check in and out.
The one thing that has me slightly interested is watching Boehner’s reactions. Will he burst into tears? That would be fun. You can watch the live stream of C-span’s coverage of the SOTU here, beginning at 8PM.
At least someone talked some sense into our Reagan-adoring President. He’s decided not to call for cuts in Social Security and Medicare–not that that will stop him from approving them. But it must have dawned on him that he might need at least a few middle class and elderly votes to get reelection next year.
But there is plenty of stupid in the speech according to multiple advance reports. Remember the dopey “nonsecurity” spending freeze Obama proposed awhile back? Well he still wants a freeze, only now he’s going to make it for five years instead of just three. {sigh….}
At Open Left, Paul Rosenberg reacts:
He may not be ready to gut Social Security just yet, but he has definitively jettisoned 70 years of economic history. Government no longer steps in to spend money when consumer demand fails. Instead, government works hard to make matters even worse. With state and local budgets once again being cut across the country, there will clearly be net decreases in government spending as far as the eye can see. Herbert Hoover would be so proud!
[….]
Why has 70 years of macro-economic history and understanding been tossed out the window, in favor of returning to the darkness of pre-macro ignorance? This is a variant of the question that Brad DeLong and Paul Krugman have been asking in anguish for many moons now. Why has a rage to punish the poor, and even the middle class completely taken over and displaced the commonsense interest in preserving the basic stability of the economy through as quick a recovery as possible?
I don’t know….because he’s stupid? Or maybe just evil? Whatever the reason, we’re headed for more hard times.
At FDL, David Dayen writes about The Triumph of Austerity and the Abandoning of the Unemployed
An economy with 9.4% topline unemployment is sick. This is not a time to deal with a sick patient by planning a regimen for diet and exercise five years from now. The patient needs immediate help, and he’s not even going to hear soothing words to that effect from anyone in the political class, let alone get the medicine needed.
In the process, this pre-emptive bow to the austerity hysterics, at least in the short term, may be good for poll numbers but terrible for the long-term economy.
Let’s face it. This man couldn’t care less about Americans being out of work, losing their homes, and falling into poverty.
What can we do to make this bearable? Let’s look for little bits of humor and/or surreality. If you have ideas for drinking games, feel free to propose them (I don’t drink, but don’t mind a contact high).
Once the speech is over, there could be some laughs in the Republican responses. Crazy-ass Ayn Rand fan Rep. Paul Ryan (R-Wisconsin) is giving the official response. MSNBC has a preview. Nation editor Katrina vanden Heuvel, one of the people to blame for the horrendous Obama presidency, has a few things to say about Ryan.
Ryan is an Ayn Rand-quoting zealot, one of the Republican Party’s self-styled “Young Guns.” He’s spent his adult life inside the Beltway, on the political right, with no experience in the world of business, labor, the executive branch or the private sector. Incubated in a right-wing think tank, writing speeches for Jack Kemp and William Bennett, he was elected to Congress at age 28. Ryan became the most loyal of loyal foot soldiers in the Congress presided over by Tom DeLay and Denny Hastert, a fact Ryan now glosses over as he describes those Congresses as “corrupt.”
Ryan has been dubbed a Republican “thinker” by national reporters desperate to find someone they can praise in a party that was extreme before the Tea Partyers came to town. But, in fact, his rhetoric is a barely varnished echo of the ravings of Glenn Beck. He accuses Obama of a “treacherous plan,” saying that Democrats have a “hardcore-left agenda,” and claims that Democrats are steering the country “very far left, very fast” – a direction he describes as “completely antithetical to what this country is about.”
This sort of rhetoric, once scorned as sophomoric at best, is now common currency on the Republican right. While Ryan will be careful to avoid such language in the GOP response to the State of the Union, he’ll reveal his ideological zealotry in the policies he will propose.
Most of those policies will come from Ryan’s “Roadmap for America’s Future,” a budget manifesto published last year that The Post’s Ezra Klein aptly described as “nothing short of violent.”
Yep, the guy’s a complete wingnut, but van den Heuval is also permanently discredited as a representative of liberal thought.
And that’s not all, CNN will broadcast an alternative Tea Party response to the SOTU by Rep. Michelle Bachmann (R-Minnesota).
{hysterical laughter}
Paul Ryan may be a wingnut, but Bachmann is truly insane. Surely her speech will be good for a few laughs even in these dark times. According to CNN’s Political Ticker,
Her themes tonight will be “making sure Congress is not spending more than its taking in,” “no tax increases” and the importance of “acting within the bounds of the Constitution.”
Hmmm…I never knew that Congress actually handled money.
Greg Sargent provides CNN’s rationalizations for airing Bachmann’s speech.
CNN, which is taking some criticism from both sides for agreeing to air Michele Bachmann’s response to Obama’s speech tonight, sends over a statement justifying the move:
“The Tea Party has become a major force in American politics and within the Republican Party. Hearing the Tea Party’s perspective on the State of the Union is something we believe CNN’s viewers will be interested in hearing and we are happy to include this perspective as one of many in tonight’s coverage.”
Hmmm…I was going to suggest that maybe CNN’s decision to air her speech just might be driven by a desire to curry favor with the Tea Party. This statement doesn’t do much to suggest otherwise.
The Tea Party is now one of two major opposition parties in our three-party system. Who knew?
If only we had smarter politicians and a less embarrassing media! Oh well…let’s make the most of it. I look forward to reading your reactions.
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