Obama Keeps Trying Not to be Re-elected

when he continues to act like a Republican. Now he wants to do the GOP's dirty work of destroying social programs which benefit millions.

He touches my Social Security, he can kiss off my vote. He can kiss it off anyway given his attitude towards public education.

President Barack Obama’s establishment by executive order of a bipartisan commission on deficits on Thursday is the latest step in his administration’s attack on health care and retirement programs upon which millions of Americans depend.

The 18-member panel will propose measures to slash government spending on Medicare, Medicaid and Social Security. It will also consider a series of regressive taxes, including a consumption or value added tax, to force the working class to pay for the budget deficit. Its aim, according to the White House, will be to reduce the deficit from its current level of over 10 percent of gross domestic product to 3 percent by 2015.

Speaking on Thursday, Obama repeated a theme that has been a constant refrain of his administration—that partisan divisions between Democrats and Republicans are blocking the implementation of policies deemed necessary by the financial and corporate elite. “For far too long, Washington has avoided the tough choices necessary to solve our fiscal crisis,” he said. “Everything is on the table,” he added.


The movement to destroy social programs for the masses while keeping the goodies for the rich continues:




Like a zombie tromping through a Hollywood gorefest, the idea of privatizing Social Security still walks among us.

The last promoter of the idea that people should personally invest their Social Security assets in the stock market was President George W. Bush, in 2001. With the dot-com crash still ringing in people's memories, the idea died in 2005.

The market hasn't yet recovered from its most recent crash, but the monster unaccountably is back on its feet. This time it comes dressed up as part of the "Roadmap for America’s Future" recently unfurled by Rep. Paul D. Ryan (R-Wis.), the ranking GOP member of the House Budget Committee.

The Roadmap is a retort to the charge that the Republican Party contributes no ideas to the national debate on fiscal issues, only "no" votes in Congress. It's a road map to the dismantling of federal social programs under the guise of making them fiscally sound, while cutting taxes for the rich. (The plan eliminates taxes on capital gains, interest and dividends.)

Social Security comes in for particular abuse. Ryan states that "Social Security's shrinking value and fragile condition pose a serious problem. . . . To maintain the program's significant role as a part of the retirement security safety net, Social Security's mission must be fulfilled . . . without bankrupting future workers."

One doesn't want to be picky about an elected congressman's words, but with all due respect, these words are pure bilge. They come straight from the talking points of Social Security's historical enemies: conservatives who have never believed that the government should play such an important role in people's retirement planning, and mutual fund and insurance companies that hanker for the business generated by millions of Americans looking for a profitable place to park their retirement assets.

Social Security's value to the average American isn't "shrinking" -- it’s expanding. In 1962, it accounted for 30% of the income of Americans aged 65 and older; in 2007 that figure was 36%. (These numbers come from the Social Security Administration.) Given what's happened to most families' financial assets since 2007, the percentage probably is even higher today.

Its "fragile condition"? Social Security runs an annual surplus and has done so since 1983; no other government program can make that claim.

By the way, even when the program starts paying out more in benefits than it collects in payroll tax, that's not a "crisis," as it's often portrayed -- it's the expected outcome of changes implemented after 1982, when the tax was raised sharply to provide a cushion against the coming wave of baby-boomer retirements. The accumulated surplus in the program's trust fund at the end of 2008 was $2.4 trillion.


Obama should know better than to dare tinker with this program.

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