Home > Fande = Fact & Evidence, The Economy > Bob Herbert bringing the Fande!

Bob Herbert bringing the Fande!

source: http://www.nytimes.com/2011/01/25/opinion/25herbert.html?_r=1&src=ISMR_HP_LO_MST_FB

EXCERPTS in italics from The New York Times:

If there’s a better government program than Social Security, I’d like to know what it is.

[Social Security] has gone a long way toward eliminating poverty among the elderly. Great numbers of them used to live and die in ghastly, Dickensian conditions of extreme want. Without Social Security today, nearly half of all Americans aged 65 or older would be poor. With it, fewer than 10 percent live in poverty.

The Center on Budget and Policy Priorities tells us that close to 90 percent of people 65 and older get at least some of their family income from Social Security. For more than half of the elderly, it provides the majority of their income. For many, it is the only income they have.

When you see surveillance videos of some creep mugging an elderly person in an elevator or apartment lobby, the universal reaction is outrage. But when the fat cats and the ideologues want to hack away at the lifeline of Social Security, they are treated somehow as respectable, even enlightened members of the society….

We need a reality check. Attacking Social Security is both cruel and unnecessary. It needs to stop.

The demagogues would have the public believe that Social Security is unsustainable, that it is some kind of giant contributor to the federal budget deficits. Nothing could be further from the truth. As the Economic Policy Institute has explained, Social Security “is emphatically not the cause of the federal government’s long-term deficits, since it is prohibited from borrowing and must pay all benefits out of dedicated tax revenues and savings in its trust funds.”

Franklin Roosevelt couldn’t have been clearer about the crucial role of the payroll taxes used to finance Social Security. They gave the beneficiaries a “legal, moral and political right” to collect their benefits, he said. “With those taxes in there, no damn politician can ever scrap my Social Security program”….

The deficit hawks and the right-wingers can scream all they want, but there is no Social Security crisis. There is a foreseeable problem with the program’s long-term financing, but it can be fixed with changes that do no harm to its elderly beneficiaries. One obvious step would be to raise the cap on payroll taxes so that wealthy earners shoulder a fairer share of the burden….

The folks who want to raise the retirement age and hack away at benefits for ordinary working Americans are inevitably those who have not the least worry about their own retirement. The haves so often get a perverse kick out of bullying the have-nots.


John Boehner

Eric Cantor

Eric Cantor is shown. | AP Photo 

Mitch McConnell

picture sources:




John Boehner, the Republican congressman from Ohio’s 8th district and the newly appointed Speaker of the U.S. House of Representatives, wants to raise the retirement age to 70 years old.

source: http://content.usatoday.com/communities/ondeadline/post/2010/06/boehner-raise-social-security-retirement-to-70-and-means-test-benefits-/1

Eric Cantor, the Republican congressman from Virginia’s 7th district and now the majority leader in the U.S. House of Representatives, wants to allow wealthy individuals to opt out of Social Security, thus slowly depleting the program of funds.

source: http://www.ericcantor.com/solutions/?cat=18

Mitch McConnell, the Republican Senator from Kentucky and the minority leader in the U.S. Senate, serves as the head demagogue of the Republican party of the moment: McConnell’s job is to lie, distort the truth, and confuse the American people about the facts of the matter under discussion.

source: http://krugman.blogs.nytimes.com/2009/01/26/what-partisanship-means/

EXCERPTS in italics from The New York Times:

January 26, 2009, 11:54 AM 

What partisanship means

So Mitch McConnell, the Senate minority leader, gave a speech at the National Press Club calling for bipartisanship. At least that’s how it was reported. But here was his prime example of nasty partisanship:

President Bush, newly re-elected and with expanded Republican majorities in Congress, had the courage to put Social Security reform on the agenda. When he asked for bipartisan help, not one Democrat in Congress stepped forward. Every single one of them turned his or her back, reflexively choosing politics over governing — and the nation lost out on an opportunity to fix a crucial program in desperate need of reform.

In case you’ve forgotten, Bush tried to privatize Social Security — even though the Bush administration eventually admitted that privatization would do nothing to improve the program’s financial outlook. And conservatives had for years openly called for Social Security privatization as a way to undermine the New Deal — “Social Security is the soft underbelly,” declaredStephen Moore of the Wall Street Journal. “If you can jab your spear through that, you can undermine the whole welfare state”….

Presumably, then, [McConnell’s] idea of bipartisanship would be for Democrats and Republicans to work together, harmoniously, to destroy the legacy of the New Deal [meaning Social Security].

Glad we’ve cleared that up.


Remember, Republicans will lie, cheat and steal…George W. Bush stole an election in 2000; he lied about a false al Qaeda/9-11/Iraq  connection in order to benefit military contractors, like Halliburton; and he stole Trillions of dollars from the taxpayers of America…for the Iraq War, for the Wall Street bailouts, and for tax cuts that mainly benefited the SuperWealthy.

* President Obama and the Democrats are still cleaning up the multiple messes left behind by George W. Bush, Dick Cheney, and the rest of the Republicans of the 2000s. And now the Republicans of the 2000s are trying to steal our Social Security, while lying about it and thus trying to cheat us again.

Fande = Fact & Evidence; Cande = Conjecture & Exaggeration

Bring your Fande, leave your Cande!

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