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View Diary: "Entitlement Reforms" That Progressives Can Support (113 comments)

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  •  Yes and no. Of course there are simple remedies... (2+ / 0-)
    Recommended by:
    Upper West, Bruce Webb

    ...for shortfalls in Social Security and Medicare. However, filling those future gaps in funding was never the goal for Republican and Democratic calls for "entitlement reform". The goal shared by all of them was privatization, or partial privatization, shifting billions of dollars into the stock market.

    Wall St. and banks have worked together with Repubs and DLC Dems for more than 15 years to accomplish this. Since Boomers "pre-paid" into SS then initially they planned to use the "surplus" during the Clinton admin to fund the transition costs (i.e., avoid benefit cuts) to partial privatization - the compromise they reached with the Pete Petersen contingent of fully anti-SS forces to get the DLC on board.

    GWBush was against the "partial" plan, of course, and wanted to privatize SS completely.  Once Bush/Cheney spent the surplus by tax cuts they forced the hand of "reformers". There was no way to hide the grab of Americans' money with temporary transition funds. The compromise was no longer an option and Bush's full privatization cronies took the helm of "entitlement reform" since now cuts would have to happen to privatize with a higher deficit, assuming their rigid opposition to raising the caps would hold.

    Sperling and the DLC Dems fully bought in to the goal of Wall St. and the banks to gain control over a portion of SS withholdings as long as "the most vulnerable" would be covered and SS would not be dismantled entirely.

    •  One more piece of history is raising retirement... (2+ / 0-)
      Recommended by:
      zaka1, TracieLynn

      ...age to 70. Why should corporate America want to raise the eligibility age for SS/Med? To fund SS for longer? Of course not. And the business case for keeping workers over 65 employed longer is pretty weak.

      Well, the reason Wall St., banks, DLC, Repubs, and the Business Roundtable are in agreement with raising retirement age, despite greater employer contributions, is that it make a huge pot of payroll contributions enormously larger with both fewer and later payouts with which to fatten the pie of private investment accounts out into the market - billions. Again, privatization. More capital shifted from worker to investments, more loads, fees and admin costs, more profit for the investor class. Certainly no less risk for insolvency or worse given today's high rollers who routinely roll right off cliffs.

      •  Life expectancy is declining among women (1+ / 0-)
        Recommended by:
        zaka1

        in many counties especially in the south according to a study released this week.  Apparently this is not the first study to report these results. I linked to an article about this yesterday.  

        The age thing is just another of the big lies that go unquestioned.  Oh, we're living longer, I heard it from Bowles Simpson, and the serious people pundits and Ed Rendell flapped his mouth about it so it must be so.  Well maybe not.  

        The reason I'm hostile to any of these so-called reforms is that I believe we are being deliberately deceived by both parties unfortunately.  We get spin.  We get half truths.  We get clever labeling of cuts as like "superlative CPI".  

        We are not being presented objective facts or options.

        •  We women (2+ / 0-)
          Recommended by:
          greenbell, FoundingFatherDAR

          lived longer prior to going into the work force.  I think our life spans are getting cut shorter due to being paid a pittance over men and being stressed out of our minds for years on end trying to make ends meet.  Moreover, more women are probably uninsured and women's healthcare as gotten more expensive through the years and how do women save money, they cut back going to the doctor.  

          "During times of universal deceit, telling the truth becomes a revolution­ary act. " George Orwell

          by zaka1 on Thu Mar 07, 2013 at 03:56:05 PM PST

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        •  Do you trust the Trustee reports? (0+ / 0-)

          If you can't trust the political parties and you can't trust the Trustees then it must be difficult to come to an objective view on how to keep the promise of SS and Medicare for all generations in an equitable fashion.

          We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

          by theotherside on Thu Mar 07, 2013 at 04:56:19 PM PST

          [ Parent ]

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