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
Conservative Newspeak?: Grover Norquist Compares GOPers Who Support Lifesaving Health Care Programs To Cancer cells
In the annals of Orwellian Newspeak, Grover Norquist, president of the libertarian group Americans for Tax Reform, may have established a new precedent for what kind of logic-defying propaganda is accepted in our political discourse — and for what journalists will uncritically reprint sans context or question.
In Monday’s Washington Post story on how deep the anti-tax fervor runs inside the Republican Party, Norquist is quoted criticizing three Republicans, including Sen. Tom Coburn (Okla.), for considering anything other than cutting government programs like Medicare and Medicaid as a solution to the national debt. As the Post reports it (emphasis mine):
The work of reducing the national debt must be done entirely by shrinking government, he said. Any compromise that includes taxes would hinder that goal and taint the Republican brand.
Norquist compared Coburn, the most outspoken of the Senate trio, to a “malignant” cell in the body politic. “So,” Norquist said, “we use chemo and radiation to protect all the healthy cells around it, so it doesn’t grow and metastasize.”
That’s right, Norquist is unequivocally saying that efforts to preserve health care programs like Medicare and Medicaid that often use chemo and radiation to cure cancer — these efforts are, in fact, the real malignant cancer that require chemo and radiation to kill.
Orwell long ago warned of a political system that would insist with a straight face that “war is peace, freedom is slavery and ignorance is strength.” But my guess is that he never envisioned one of the leaders of a major political party claiming that curing cancer is actually cancer — and my guess is that he certainly never envisioned one of the world’s leading newspapers printing that allegation without at least questioning it’s logic.
By: David Sirota, Contributing Writer, Salon, June 6, 2011
Why I Support “The Ronald Reagan Tax Reform Act of 2011”
Ten years ago today, the wealthiest Americans caught a multi-billion dollar break from their benefactor, then-president George W. Bush. In the decade since, through two wars, natural disasters, a plummeting economy and a soaring debt, the wealthiest Americans have gotten to keep those Bush tax cuts. Happy birthday, everybody!
As the Republican Party now lines itself up behind Rep. Paul Ryan on his mission to cut the resulting deficit on the backs of working people and the elderly, I find myself surprisingly and strangely nostalgic for another GOP hero, whose legacy, at least when it comes to taxes, has become woefully misunderstood. Can it be that I find myself nostalgic for Ronald Reagan?!
Of course, I’m not alone in my nostalgia. I’m joined by the entire Republican leadership in this, but I think our reasons may be quite a bit different. In the spirit of unity, I’d like to suggest to Republicans in Congress that they look closely at the record of their favorite 20th century hero and adopt yet another policy named after the Gipper. I’m no fan of much of President Reagan’s legacy, but in a new spirit of bipartisanship, and historical accuracy, I’d like to present Republicans in Congress with an idea: the Ronald Reagan Tax Reform Act of 2011.
A key element of the Reagan lore believed by today’s GOP is that Reagan’s embrace of “trickle-down economics” is what caused any and all economic growth since the 1980s. In fact, after Reagan implemented his initial tax-slashing plan in 1981, the federal budget deficit started to rapidly balloon. Reagan and his economic advisers were forced to scramble and raised corporate taxes to calm the deficit expansion and stop the economy from spiraling downward. Between 1982 and 1984, Reagan implemented four tax hikes. In 1986, his Tax Reform Act imposed the largest corporate tax increase in U.S. history. The GDP growth and higher tax revenues enjoyed in the later years of the Reagan presidency were in part because of his willingness to compromise on his early supply-side idolatry.
The corporate tax increases that Reagan implemented — under the more palatable guise of “tax reform” — bear another lesson for Republicans. The vast majority of the current Republican Congress has signed on to a pledge peddled by anti-tax purist Grover Norquist, which beholds them to not raise any income taxes by any amount under any circumstances, or to bring in new revenue by closing loopholes. This pledge, which Rep. Ryan’s budget loyally adheres to, in effect freezes tax policy in time — preserving not only Bush’s massive and supposedly temporary tax cuts for the wealthiest Americans, but also a vast mishmash of tax breaks and loopholes for specific industries won by well-funded lobbyists.
The problem has become so great that many giant American corporations have become so adept at exploiting loopholes in the tax code that they paid no federal income taxes at all last year — if Republicans in Congress follow their pledge to Norquist, they won’t be able to close a single one of the loopholes that are allowing corporations to avoid paying their fair share.
Even Reagan recognized the difference between just plain raising taxes and simplifying the tax code to cut out loopholes that subsidize corporations. In 1984, he arranged to bring in $50 billion over three years, mainly by closing these loopholes. His 1986 reform act not only included $120 billion in tax hikes for corporations over five years, it also closed $300 billion worth of corporate loopholes.
These kinds of tax simplification solutions are available for Congress if they want them. As I wrote in April, nixing Bush’s tax cut’s for the wealthiest Americans would help the country cut roughly $65 billion off the deficit in this year alone. Closing loopholes that allow corporations to shelter their income in foreign banks would bring in $6.9 billion. Eliminating the massive tax breaks now enjoyed by oil and gas companies would yield $2.6 billion to help pay the nation’s bills.
But before Republicans in Congress change their math, they have to change their rhetoric — and embrace the reality of the economic situation they face and the one that they’d like to think they’re copying. In 1986, during the signing ceremony for the Tax Reform Act, Reagan explained that “vanishing loopholes and a minimum tax will mean that everybody and every corporation pay their fair share.”
It’s time for the GOP to take a page from their hero’s playbook. If they do so, they might be able to find some allies that they never thought possible. It’s time for “everybody and every corporation to pay their fair share.” We can all get along. Sign me up for “The Reagan Tax Reform Act of 2011.”
By: Michael B. Keegan, President, People For The American Way, Published in Huffington Post Politics, June 7, 2011
A Plea To Fellow Republicans — Stop Defending Sarah Palin
As a Republican, it pains my heart to watch the response to Sarah Palin’s latest gaffe. Like so many times before, Palin has put herself on the hot plate and shown that she does not know when to be quiet.
From the beginning, Republicans have squirmed through every public appearance she makes. From the 2008 debates to this current joke of a bus tour, Palin has shown she lacks the basic skills to handle pressure.
This is not a good sign in a potential candidate for the Republican nomination for president.
Why then, does Palin continue to get support from Republicans?
The latest situation with Palin messing up the history of Paul Revere is a perfect example. It is clear to anyone that saw the video that Palin had no clue what she was talking about.
It was a moment of verbal vomit that made her seem like she had never attended grade school. The entire episode could have been prevented any number of ways. Palin could have simply ignored the question and kept walking. Palin could have changed the subject.
More importantly, Palin could have actually took a moment to read about Revere before visiting so that she would be prepared for the gaggle of reporters that were sure to follow her. That would have been novel for her.
What makes the entire situation so bad, however, is the aftermath. Like so many Palin “situations” in the past, Palin is now coming out and saying she was right. She is trying to use semantics to say that the British were warned because Revere confessed to them.
Republicans are actually following suit and trying to latch onto that argument for her. That makes the party look completely ignorant right beside her.
Revere did not warn the British. Revere warned the colonists and confessed to the British. Revere did not ring bells or shoot warning shots, as this would have drawn attention and squashed the revolt before it even began.
It is clear that Palin simply tried to fake her way through this and messed up like she always does when she attempts such folly.
After a couple of years of defending and trying to make sense of Sarah Palin, it is time for Republicans to say enough. Sarah Palin had a chance to come out and say she messed up. Sarah was too arrogant to do so.
Perhaps it is time that we Republicans simply admit we messed up in backing Palin and move forward. Liberals are not afraid of Sarah Palin. That is wishful thinking to say the least.
They pray for her nomination.
By: Rodney Southern, Yahoo Contributor Network, June 6, 2011
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