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View Diary: Either Leave Social Insurance Alone Or Pay Us Back Our $ 1 Trillion. (184 comments)

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  •  Bait and switch (24+ / 0-)

    Of outright theft, that's what St Ronnie sold us Boomers.  Pay more now, to secure the Boomers' retirement.  Worthless IOUs, according to W

    •  Greenspan was on the commission that raised (22+ / 0-)

      rates in 1983. And it was his testimony in 2001 that the biggest worry in the US was a national debt that was too small, and endorsed the Bush tax cuts.

      If one were conspiracy minded, one would have thought this was all planned out.

      "There’s nothing courageous about asking for sacrifice from those who can least afford it and don’t have any clout on Capitol Hill."

      by bay of arizona on Fri Apr 15, 2011 at 09:29:55 PM PDT

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      •  I am thinking it was (15+ / 0-)

        The plan for many years. The banks just stole trillions from us. Unending wars stealing our taxes in to defense contractor's pockets. And how many BILLIONS of our taxes go to prop up corrupt regimes?  
        Now the elites have put their plan in motion all over the world. Orwell could have written another book.

        Obama,how many innocent people did you kill today with your drones for the corporations?

        by snoopydawg on Fri Apr 15, 2011 at 09:47:11 PM PDT

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        •  Not that long ago, I would have said that was not (14+ / 0-)

          possible, but after causing what they did in th last 3 years, they stand uncowed, unapologetic, and unabashed taking bigger bonuses than ever and fighting to repeal the bandaid of reform as if it were some kind of straightjacket on their shadow banking ventures.

          I look around and am constantly reminded of the title of an article on the last decades of the Soviet Union I ran into:

          Everything Was Forever Until It Was No More.

          We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

          by Into The Woods on Sat Apr 16, 2011 at 12:50:29 AM PDT

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        •  not one penny left to improve lives (3+ / 0-)
          Recommended by:
          snoopydawg, cameoanne, Into The Woods

          and that is no accident.
          There is and has been an overt movement in America, once championed by the Birchers, that it is better to spend on a war machine (or just fucking steal it) than infrastructure, because a war machine generates profits without any of the nasty side effects of investing in the American people's well-being. It's also great at creating obedience to authority, a must-have for the modern Duke.
          People who have a little time and energy left after taking care of their duties every day are prone to reading, getting involved in discussions with neighbors, relatives and friends, going to schools, and before you know it, they've gone and developed opinions that haven't been carefully fed to them. they end up getting exposed to some rather uncomfortable realities, and that ends with... well, it ended with a pretty hefty pay cut for the plutocrats back at the start of the last century. So no schools for you.

          It's also no accident that the turn of the 20th century is the exact time that the republicans are so adamantly trying to bring back.

          Sexual orientation is as irrelevent on the battlefield as military rank is in the bedroom.

          by kamarvt on Sat Apr 16, 2011 at 12:00:01 PM PDT

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          •  They Said They Wanted to "Starve The Beast" (1+ / 0-)
            Recommended by:
            kamarvt

            We thought they meat the "Government".  

            They didn't.

            When they said they wanted to starve the "Beast:, they meant:

            The middle class.
            The unions.
            The schools.
            The elderly.
            The youth.
            The disabled.
            The veterans.
            The minorites (for whom "recession" just doesn't cover it)
            The women who need health care from family planning
            The small business owners who cannot afford $100,000 campaign expenditures and $1 Million lobbying contracts.

            In short, they meant they wanted to starve everyone but their own social and economic class.

            They meant they wanted to starve that beast they have been fighting for centuries, our democracy,  because down deep they feel that by birthright or by right of riches they are entitled to rule and not be governed.

            They have been pretty sucessful in pursuing that goal, but they should have remembered that commone wisdom that common people have known through the ages:  

            Never back  a hungry wounded 'beast' into a corner.  
            You might not like what comes out
            .

            We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

            by Into The Woods on Sat Apr 16, 2011 at 08:16:29 PM PDT

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      •  Offsetting tax cuts for the wealthy was the plan (6+ / 0-)

        I'm looking for the source of a Greenspan comment several years after the Commission's recommendations were enacted in 1983 to the effect that the hike in Social Security taxes had the benefit of offsetting tax cuts for the wealthy.  Obviously, a citation would make this recollection more convincing, but I am certain that I read this and I remember thinking that the source was credible.

        •  Wow (2+ / 0-)
          Recommended by:
          salmo, cameoanne

          And 25% of this country think that the crime of the century is that immigrant babies are getting free health care at the emergency room.

        •  Greenspan Was Either Evil or Incompetent (0+ / 0-)
          Federal Reserve chairman Alan Greenspan a "political hack"? Political thug is more like it. Greenspan's policies have robbed retirees, poor people, and working people--while bestowing riches on the best off in our society.

          ...
          It was a masterful bait-and-switch. As New York Times columnist Paul Krugman points out, if Greenspan "had tried to sell this package honestly--‘Let's raise taxes and cut benefits for working families so we can give big tax cuts to the rich!'--voters would have been outraged."

          Future retirees weren't the only ones to fall prey to Greenspan's maneuvers --the poor have taken a drubbing as well. Much of the deficit reduction that Greenspan urged the Clinton administration to carry out came at the cost of low-income families. Robert Pollin, co-director of the Political Economy Research Institute, reports that a majority of the federal budget's swing from deficits to surpluses during the second half of the 1990s came from reducing government spending relative to the size of the economy. Relative to GDP, funding for education was slashed by nearly a quarter, while deep cuts to food stamps, nutrition, and other supports for poor families carved away one-sixth of funding for income security programs.

          ...

          (Making the 2001 and 2003 tax cuts permanent would cost the U.S. government more than five times the amount that would be necessary to close the projected shortfall in Social Security over the next 75 years, according to the Center on Budget and Policy Priorities, a liberal think tank.)


          http://www.dollarsandsense.org/...

          We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

          by Into The Woods on Sat Apr 16, 2011 at 09:25:47 PM PDT

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      •   It's a by-partisan agenda (1+ / 0-)
        Recommended by:
        cameoanne

        and nobody who voted for the Democrat's was voting for Bowles-Simpson or Goldman Sachs or The Third Way or more wars torture and looting of our government.  .A bait and switch where the had it covered no matter who won. Of course they planned this, thing is why do we the people except it, and support it and continue to believe in this dog and pony show?

         Everybody knows..... but nobody knows what can be done. the Democrat's are complicit they are as rotten and corrupt as the Republicans and they are just as dangerous. sitting around and fighting over whose whose and who's to blame is just pointless. We have power we need to use it and take our country back. Why are we fighting this useless rigged game where the dice are loaded?

           

        •  Democrats are Not As Bad As GOP (0+ / 0-)

          They are not as good as we want them to be.
          While they are much better on many issues that are very important to us, on issues that relate to the rich and powerful in this country they are less differences than we want and less than there should be.

          You are right, the power is there for us to change things, but for people to see the potential of that power they must first believe it is possible.

          Starting from scratch makes that much more difficult.

          Retaking their own party so they can retake control of their own country has been done before and could be done again.

          We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

          by Into The Woods on Sat Apr 16, 2011 at 09:31:08 PM PDT

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    •  don't want to start a war, but (1+ / 0-)
      Recommended by:
      Into The Woods

      to a degree perhaps boomers were complicit because really the burden is falling on their children.  Ask just about anyone in their 20s right now how their doing economically.

      •  trade (1+ / 0-)
        Recommended by:
        cameoanne

        "agreements" have decimated opportunity for young people.  

        "Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild, 1790

        by FreeTradeIsYourEpitaph on Sat Apr 16, 2011 at 10:04:04 AM PDT

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      •  No doubt. For 30 years the entire country (0+ / 0-)

        has been told there is 'free lunch'.  And too many took the bait.

        As a society we've been told we can do what we want, be what we want, take care of what we need to in order to #1  and yet pay less taxes than almost all other industrialized counties and less as a percentage of GDP than we have in the last half century.

        We were told that debt was the acceptable way to do all of this (as recently as Cheney's pronoucements that deficits "don't matter".)   And as a society we consistently followed that guidance.

        Our  increases in household debt and government debt, as large as they are,  both pale beside the the increase in corporate debt.

        We went from being a generation of discontents and upstarts to being followers and easy-persuadable believers and the ninja consumers of the world.

        And now we have a country that is better in many of the ways we wanted it to be better, to the extent that many of those "liberal" or even "radical" causes have become so embedded in American culture that they are no longer even though of as "causes" to say nothing of "liberal".  

        But in many of the ways that the generation before us had changed the world for the better, including our country's basic infrastruture, our educational access and achievements, the strength and growth of our middle class,  and the creation of one of the most egalatarian economies to ever exist on the face of the earthy, we have let things slide to a dangerous extent.

        The boomers have some serious reponsibility for where we are, less from the generational impact of our demographic bulge on government programs than from the political impact that the boomer demographic has chosen to excercise to this point.  

        We have a duty to put this country back on track.  

        That's not a call to generational warfare as some would like to promote.

        That's a call to reponsibltiy directed to a generation that started out by wanting to change the world; a call to once again rise to that goal and once again believe in their ability to do so for the good.

        We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

        by Into The Woods on Sat Apr 16, 2011 at 10:10:53 PM PDT

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