Slow Learners: Social Security Privatization Still A GOP Goal
Congressional Republicans have faced all kinds of heat recently for their misguided campaign to end Medicare and replace it with a privatized voucher system. It’s tempting to think the GOP would not only back away from this crusade, but would also learn a valuable lesson about Americans’ appreciation for bedrock domestic social programs.
Alas, that’s not the case. A few days ago, Rep. Pete Sessions of Texas, a member of the House Republican leadership, unveiled the “Savings Account For Every American Act,” which would allow Americans to withdraw from the Social Security system and opt into a privatized system.
Of course, with Social Security functioning as a pay-as-you-go program, if workers “opt out” of the system, Social Security would either (a) crumble with insufficient funds; or (b) need Congress to spend more money to make up the difference. How would Sessions address this? By all appearances, he hasn’t thought that far ahead.
Democrats, not surprisingly, were only too pleased yesterday to go on the offensive.
Democratic Congressional Campaign Committee Chairman Steve Israel (D-N.Y.) on Tuesday predicted that House Republican plans to let workers opt out of Social Security would fail as voters realize how it will threaten their retirement.
“Seniors who have paid into Social Security through a lifetime of hard work shouldn’t end up in a risky privatization scheme to gamble their retirement on Wall Street,” Israel said. “The public has rejected this kind of Social Security privatization in the past and will again.”
Israel accused Republicans of looking to resolve the government’s fiscal crisis by scaling back Medicare and Social Security, while ignoring higher corporate taxes.
In fairness, I should note that “Savings Account For Every American Act” (or, “SAFE Act”) isn’t exactly on a fast track to the House floor. After being introduced late last week the bill, H.R.2109, has an underwhelming six co-sponsors. That’ll likely increase, but Social Security’s supporters probably don’t need to leap into action to defeat the bill just yet.
Still, there’s something truly amazing about the fact that any Republican officials would pursue this at all. The American mainstream has shown, over and over again, that Social Security privatization is a non-starter. The very idea pushed Bush’s presidency into a downward trajectory in 2005, and it never recovered. Even Paul Ryan, when shaping the radical House GOP budget plan, left Social Security out of the equation.
For that matter, after the economy crashed in 2008, I assumed it’d be a long while until Republicans started talking up Social Security privatization again.
Perhaps Pete Sessions and his cohorts are slow learners?
I suppose the real fun would be putting the Republican presidential field on the spot. “Mr. Romney, a member of the House Republican leadership is pushing legislation to privatize Social Security. If such a bill reached your desk as president, would you sign it?”
Inquiring minds want to know.
Update: One of the six co-sponsors is Republican Caucus Chairman Jeb Hensarling of Texas. This is relevant because it means two members of the GOP leadership are on board with this proposal.
By: Steve Benen, Contributing Writer, Washington Monthly-Political Animal, June 8, 2011
We Deceive, You Believe: A New Reality Show For Sarah Palin And Fox
I have a great idea for a new show on Fox. It would be a reality comedy show with Sarah Palin as the host. It’s what Hollywood calls “high concept.” The idea would be that all the Republican presidential candidates would travel across America in Sarah’s RV. Hilarity follows.
Late night comic Jimmy Fallon put it best: “Obama was in Ireland. He thought about buying a four-leaf clover for good luck, and then he looked at the field of Republican candidates and decided it wasn’t necessary.”
Dramatis personae include:
Gary Johnson—Ex-governor of New Mexico who favors the legalization of pot. He didn’t get an invite to the next GOP debate, but his hopes are high and he has grassroots support.
Herman Cain—Multi-millionaire and former CEO of Godfather’s Pizza. He’s rolling in dough.
Newt Gingrich—Former speaker of the House. If he really is a fiscal conservative, he would use his $500,000 revolving charge account at Tiffany’s to make a payment on the federal debt. He is clearly the jewel in the GOP crown. The former speaker is currently on a cruise with his wife in the Mediterranean. He will return to the campaign trail after he decides whether he supports or opposes the Ryan plan to gut Medicare. It might be a long trip.
Palin—Can the former half-term and half-baked governor of Alaska see Russia from her magic bus? This trip is her magical mystery tour because we have no idea where it will lead. She rained on Mitt Romney’s parade by showing up in New Hampshire on the day of Romney’s formal announcement and popping him for his support of a state run healthcare program in Massachusetts with a personal mandate. National surveys indicate that twice as many voters dislike her as like her. So, I don’t think she will get a mandate from Americans.
Michele Bachmann—Tea Party favorite and conservative congresswoman from Minnesota. When baseball players have a short stay in the majors, it’s a cup of coffee. She will have a cup of tea in the presidential race. Last week, Representative Bachmann said she and former half-governor Palin were friends. That didn’t last long. This week, Bachmann’s campaign manager said Palin wasn’t a “serious” candidate. At least the Minnesotan and I agree on something.
Chris Christie—Governor of New Jersey. Teddy Roosevelt described the presidency as a bully pulpit. Christie is just a bully. Don’t be surprised if he helicopters into the race.
Rudy Giuliani—The former mayor of New York City. Why not? He did so well last time. If he runs, he should borrow Donald Trump’s toupee and MapQuest Iowa so he can find it this time.
Jon Huntsman—Ex-governor of Utah who served two years as President Barack Obama’s ambassador to China. He will charge Obama with incompetence. Just look at the clown the president made ambassador to China.
Bobby Jindal—The governor of Louisiana who is not ready for prime time TV. But that hardly disqualifies him in this field.
Mitt Romney—Former governor of Massachusetts and the father of Obamacare. This would be the grudge match of all time. Healthcare reform 1.0 vs. 2.0. A Romney position is like the New England weather. Don’t like it, just wait, because it changes every 15 minutes.
Ron Paul—Paul is the anti-Romney because the Texas congressman sticks to his positions for more than 15 minutes. Actually, he still holds Herbert Hoover’s positions. But will socially conservative voters buy his opposition to drug laws and will the neocons accept his opposition to the wars in Afghanistan and Iraq? I don’t think so.
Tim Pawlenty—The former two-term governor of Minnesota is as bland as his fellow charismatically challenged Minnesotan, Walter Mondale. Jay Leno described T-Paw to a t when he joked, “You know, I don’t want to say Tim Pawlenty is boring, but his Secret Service codename is Al Gore.” Bland is good, though, because the other GOP candidates have enough baggage to fill a Boeing 727 headed for LAX.
Rick Perry—In 2009, the governor of Texas threatened to secede from the union. The question is whether he wants to lead or to secede. Too bad Jeff Davis isn’t still around to be his running mate.
Rick Santorum—Why does he torture himself with the hope he could win? Is the GOP this desperate for a candidate? He lost his Senate seat in a presidential battleground state, Pennsylvania, by 16 percent.
This may be why four out of 10 Republicans in a new Pew Research Center poll say they are not impressed with the GOP presidential candidates. But I think the reality TV show would get good ratings hammocked between Family Guy and The Simpsons on Sunday nights.
By: Brad Bannon, U. S. News and World Report, June 9, 2011
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