Tag Archives: Deficit Commission

Obama and the Senate Democrats Seek to Eliminate Social Security: Part I

By Jonathyn Posted by Michael Collins

Originally posted at The Agonist

Social Security Is Not a Campaign Issue?

This is part I of a multipart series to demonstrate how everyone in Washington—and one-term President Barack Obama in particular—are telegraphing the fact that they will be gearing up for a major campaign to steal money from Senior Citizens by making drastic changes to “fix” the Social Security program.

Why oh Why are the Democrats not making Social Security an Issue? Wonders Rachel Maddow (click here and search for “The Ad Democrats Need to Win” for the segment—will edit as avail). As admirable as she is for being quite possibly the most intelligent person on cable news, the incorrect rhetorical effect she seeks is to demonstrate that Democrats are really bad at politics. She points out that many prominent Republicans have plainly said that they will privatize social security or eliminate it altogether, which for obvious reasons is vastly unpopular with very large majorities of Americans.

If Democrats disagree, surely they will raise their voices.
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“There Is No Economic Justification for Deficit Reduction” Galbraith to Deficit Commission

Posted by Michael Collins

Your proceedings are clouded by illegitimacy.

The conclusion to be drawn is that Social Security should in any event be off the agenda of your Commission, as it is a transfer program and not a program of public spending in the economic sense. In particular it does not use capital resources and will not drive up interest rates. This is true whether the “Social Security System” is in internal balance or not. James K. Galbraith

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