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Submitted by Jay on Thu, 03/07/2013 - 12:49pm
If Anyone Tells You We Cannot Afford Social Security or Higher Corporate Taxes Because of the National Debt . . . (In Hundreds of Billions of Dollars)

Sources
1 Vice President Richard Cheney, Meet the Press, March 16, 2003
2 313,000 Killed, $4 Trillion Spent and Obligated
3 Fortune 500 Companies Holding $1.6 Trillion in Profits Offshore
4 Obama Orders Sequester: $85 Billion in Spending Cuts In Effect As Sequestration Begins
5 Social Security Does Not Add a Single Penny to the National Debt.

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Comments
T/U. Obama is more and more blatant about his wish to cut SS/M/M
And the MCMers so love his desire to take on SocSec and Medicare. NPR was reporting over and over how he met with Repub senators over dinner last night, to reach "common ground." Riiiiight.
And how dare he say that SocSec affects the national debt? Only by deciding, along with the Republicans, that it is cheaper to not repay money borrowed from the SS "lockbox," funds used to justify tax cuts for the wealthy by Bush/Cheney, can he justify such an approach.
But, he does have that approach and he will do everything he can to get the Repubs to go along with him and get enought votes to screw people out of their earned benefits.
This deserves the strongest condemnation, so, damn him. (Like he'll give a damn....)
And, it can't be said too often, he is an extension of Bush/Cheney in oh so many ways.
Atrios: USA Today op-ed on why SocSec amounts should increase,
NOT be cut at all.
NYTimes Opinionator blog: Need to increase SocSec payments, not
cut them, says Thomas Edsall in his piece, The War on Entitlements. Lots of interesting facts. About which our elites don't give a rat's ass.
Edsall also covers Medicare.
Now, we might have titled this piece The War on Earned Benefits, but Edsall uses the term in play in DC. At
The piece seems to be on line only. It's long and the TImes doesn't give that much space to most opinion pieces, esp'ly those with lot and lots of charts. Nor is there any indication of section/page for the print edition.
So, it won't be as widely read as the print edition, but it is there for the linking and promulgating.
Via Susie Madrak.
Re: NYTimes Opinionator blog: Need to increase SocSec...
Personally, I think dropping the ceiling is the right thing to do.
I think this proposal never gets "on the table" because FICA is charged on both salary and bonuses and it isn't just the high earner who will see an increase in taxes if the ceiling is raised, it is also the corporations who pay millions in executive compensation and bonuses.
The "savvy businessmen" and "job creators" will not want to increase their taxes.
Dean Baker at FDL-On NPR using Pete Peterson thinking to fire up
the very old Old vs. Young contest for Federal spending. Dang, but that is so old, yet NPR and other MCMers (members of the Mainstream Corporate Media) are hell bent on resurrecting this old right wing chestnut.
NPR bought the Pete Peterson line a long time ago, Dean. But thanks for writing about it and making it clear to those who haven't noticed. No NPR reporter worth continuing to get his or her salary dares question the need to cut those "entitlements," which are actually earned benefits. NPR is a sad case of Corporate donor capture, aided and abetted by rabid rightwinger attacks of course.
I totally agree that if anything, Social Security benefits
should be increased.
But I must admit, I'm puzzled as to "why" many knowledgeable folks (left-leaning bloggers, journalists, etc) have mostly waited until the last minute to push this policy recommendation.
They surely have known that it's been on the chopping block since the President appointed the Fiscal Commission (not to mention from years earlier).
It's rather hard for me to take them very seriously. Heck, even I've been out (since Bowles-Simpson's Chairman's Mark The Moment Of Truth was released in late 2010), first day-in and day-out on 'liberal radio' and TV [Washington Journal and other C-Span call-in programs], until I finally resorted to blogging (which I'd never done).
I just hope that their efforts are sincere, and not tied to propagandizing for (or giving cover to) the Democratic Party.
Guess time will tell. :-)
Alexa