Saturday, January 29, 2005

The Daily Howler on Social Security

One grump I have about the Social Security discussion. Do we have to abbreviate it with "SS"? Yes, I know the Second World War was a while ago. But the initials "SS" still have, you might say, a negative association.  Can't we call it SocSec or something?

But, that's not mainly what this post is about.  As readers of this blog know, I'm a big fan of Bob Somerby, aka the Daily Howler.  And I just wanted to mention that for the last several weeks, he's been providing some very good coverage on the Bush administration's effort to begin phasing out Social Security.

As one example, there's his post for 01/1/05.  In his incomparable style, he takes apart the press corps' failings on the Social Security story:

Again, a note from Earth to the Washington press corps: When a president stages a major forum, then makes wild misstatements about major policy, that will almost always be the biggest news event of the day. When a president baldly misstates basic facts, that is a major news story! But on Tuesday evening, none of the three big networks told their viewers what Bush had done. At NBC, [David] Gregory played tape of one wild statement, then pretended he just didn’t notice. But [ABC's Peter] Jennings established a great Peter Principle: Deftly, he sanitized the things Bush had said, pretending the wilder misstatements hadn’t happened. ...

Duh! Correcting misstatements by major officials is part of a journalist’s job description! And they shouldn’t feel they have to find a Democratic spokesman to contradict Bush; that is their job as reporters. As we think Michael Kinsley first asked, how stupid would it be to write something like this: "Today, George Bush said the earth is flat. A Democratic spokesman quickly challenged him." Objective reporters don’t need third parties to interject simple matters of fact.

This fall, it briefly seemed that the Post and the Times had begun to accept these basic points. In response to Bush’s campaign dissembling, the papers began to publish reports in which reporters noted the obvious—that public statements by Candidate Bush flew in the faceof established facts. When they did so, the reporters in question weren’t injecting "their opinions" into news stories. Quite the contrary—they were simply reporting objective facts. That’s what their job calls for.

And he takes off on the famous phrase that Pat Buchanan coined for Vice President Spiro Agnew, before Agnew had to resign from his office in disgrace, "nattering nabobs of negativism."  He says he's going to label reporters who refuse to correct even the most blatant factual misstatements on Bush's part the "Pandering Poobahs of Positivity."

5 comments:

Anonymous said...

What are your views on the fact that SocSec will be unable to pay retirees in 13 years from now because there will be about 2 workers for 1 retiree--I surmise that you are cognizant of the system as a "pay-as-you-go"--the money that will be coming in will not be adequate to provide benefits to the deluge of baby boomers when, at the same time, there will be a decrease in SocSec payroll taxes. What is your plan? Tax increase? Elevate the retirement age? Cut benefits? Wait until its demise? I'm eager to know.

Anonymous said...

Dwilliam,

I don't think your numbers are accurate.  According to the CBO projected income should meet outlays until at least 2025.  And then, due to the large surpluses that have been acrued, the system should be able to function in the black until about 2042.

Further, I think most people don't realize that this 'crunch' or 'crisis' as everyone is referring to it is not permanent.  We are really talking about going from a little over 4% of our GDP to slightly below 7% of our GDP and then the we should start seeing a decline as the demographics balance back out.  

I'm eager to hear what Bruce has to say.

dave
http://journals.aol.com/ibspiccoli4life/RandomThoughtsfromaProgressiveMi

Anonymous said...

Well, Dwilliam, I see you've drunk the Republican kool-aid on this one!

No, Social Security is not a "pay-as-you-go" system.  No, the system is not going broke in 13 years, or 50 years, or, with even a minimal amount of responsibility on the part of our elected representatives, ever.  The bipartisan plan adopted in 1983 under the Reagan administration has provided a solid basis for funding the system as it currently stands.  If, over the next 10-20 years, US growth rates are signficantly below historical averages - certainly a possibility if Bush-style economic policies prevail - then a small adjustment in the payroll taxes might be needed.  An increase in the amount of income that is subject to the payroll tax would be a good option, if and when that is required.

This may come as a shock to you, Dwilliam, but the Republicans are just making stuff up on the so-called "crisis" in Social Security.  There is exactly as much of a "crisis" in Social Security as there were WMDs in Iraq when we invaded two years ago.  But then, if you can swallow the idea of a Social Security "crisis", you may also believe there *were* WMDs in Iraq.  Probably in Santa Claus and the Tooth Fairy, too. - Bruce

Anonymous said...

The truly sick thing is that the Administration has told workers at the Social Security Administration they should talk up the president's line.  They've been directed to mention the "crises" and all the president's points concerning the changes he wants to make.  This, of course, is against the law.

Anonymous said...

And its another sign of the increasingly authoritarian attitude of the Republican Party.  They think the laws don't apply to them.  And they think it's perfectly fine to deceive the public blatantly, whether it's nonexistent WMDs in Iraq or the nonexistent Social Security "crisis." - Bruce