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Why Do They Hate Social Security?

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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-17-11 08:50 AM
Original message
Why Do They Hate Social Security?
http://www.truthdig.com/report/item/why_do_they_hate_social_security_20110216/

Among the mysteries of modern politics in America is why so many of our leading pundits and politicians persistently seek to undermine Social Security, that enduring and successful emblem of active government. In the current atmosphere of budgetary panic, self-proclaimed “centrists” are joining with ideologues of the right in yet another campaign against the program—and yet again they are misinforming the public about its purposes, costs and prospects.

Among the puzzling aspects of the crusade against Social Security is the zeal that animates its enemies, as if the present and future recipients of those monthly checks were somehow fattening themselves at the expense of future generations. Whatever drives these well-fed but poorly informed commentators, it isn’t the facts.

First, let’s remember that Social Security actually provides support at a very modest level. Last year, the average retirement benefit was $1,170 a month, or about $14,000 a year, with the average disabled worker or widow receiving slightly less. (It would be wonderfully educational for the cable talkers and newspaper editorialists to live on that amount for a few months—they would not only lose weight but gain empathy.)

Remember, too, that despite our status as the largest and most productive economy in the world, Social Security is among the least generous retirement programs among all the developed nations. As a percentage of the average worker’s pre-retirement wages, the benefit has been declining for years and will continue to fall without any further cutbacks.

More at the link --
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creon Donating Member (723 posts) Send PM | Profile | Ignore Thu Feb-17-11 08:54 AM
Response to Original message
1. Stupidity
They do not have the sense to get out of a shower of rain.
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alc Donating Member (649 posts) Send PM | Profile | Ignore Thu Feb-17-11 09:28 AM
Response to Original message
2. I think there's something "they" know and aren't telling us
Like why are "special bonds" in the trust fund "special". A lot of things would be explained if "special" means "no guarantee to be paid back any time soon".

Regardless of how good the bonds are, I do want changes to start now (without the panic). 30 years sounds like a long time, but it's not. If the problem gets pushed for 2 or 3 more presidential terms it will be time to panic. It may be right to raise the income limit now and increase retirement age for future generations. Or maybe some other compromise, or maybe just raise the income limit. I don't know, but saying it's not our problem because SS is solvent for 30 years is negligence - they're just handing off a bigger problem to a future congress/president.
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texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-17-11 10:13 AM
Response to Reply #2
3. Raise or eliminate the cap
Problem solved, cheaply, efficiently and fairly.
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-17-11 10:16 AM
Response to Original message
4. republicans hate social programs, period.
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tech9413 Donating Member (294 posts) Send PM | Profile | Ignore Thu Feb-17-11 10:16 AM
Response to Original message
5. Real simple, it works!
The corporate/conservatives want to tear down anything that works and is founded on compassionate or progressive ideals.
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