The election is barely past us and corporate America is already knocking on our door for the rent.
Speaking of timing, former Sen. Alan Simpson and former Clinton Chief of Staff Erskine Bowles, co-chairs of the president’s commission on deficit reduction, have agreed we should gut Social Security, Medicare. Well, there’s a surprise – both have an execrable history of animosity towards these quite successful social programs. (Simpson’s contempt for elderly people is palpable and disgusting, and he never misses an opportunity to toss a rhetorical brick at them.) Of course, their proposal also calls for tax cuts for the rich and for corporations. Again, no surprises there.
This is just the latest chapter in the attack against the poor, working class, elderly, and infirm that has been underway for decades in this country. Time and time again they have sought to undermine Social Security, to loot its trust fund, and to convert it into something it was never intended to be – an instrument for the creation of private wealth. Social Security is a supplemental guaranteed retirement program and, as such, an extremely successful one. It has kept elderly people (at least the ones who did not retire on a mountain of money, like Simpson) out of poverty for seven decades. Likewise, Medicare has not only made the elderly more financially secure, but it has also improved their quality of life in demonstrable ways. Not for nothing that these are the most popular social programs in America.
It may mean little to Simpson, Bowles, and many who share their views that people they don’t know will have to work until 68 or 70 and do without adequate cost of living adjustments in their old age. It sure as hell matters to me, and I imagine to many others as well. Social Security is not on the brink of bankruptcy – far from it. They just want to use its revenues to cover our government’s bad decisions with regard to financial regulation and foreign policy – decisions that have cost trillions of dollars over the last decade alone. Now we are being asked to pay for those criminal actions. There can be only one answer to that.
Don’t know, but we may have to take a page out of France’s book. If it takes standing in the street to protect the lives and livelihoods of ordinary people, it’s goddamned worth it.
luv u,
jp
Of course, that spending package worked by all measures… but only so well, as tax cuts have always been a pretty poor method for stimulating the economy. The G.O.P. then tag the dems with the “failed stimulus”, even though its lack of broader effectiveness was largely due to their stonewalling. Now the voters, in their understandable anger at this failure, have put the Dems out and, by extension, House Republicans back in charge, so any correction of this is extremely unlikely. So… it looks like we’re headed for Japan in the 1990s – a zombie economy, staggering along for the next decade, suffering from our unwillingness to take bold action. The deficit hawks have gained the upper hand for the nonce, and that is not good news for the rest of us.
G.O.P. “tsunami” myth from materializing.