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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHow Elizabeth Warren Made Expanding Social Security Cool
Bold added for emphasis. Please note the Third way response.
Warren just turned Social Security expansiononce a progressive pipe dreaminto a tough-to-ignore 2016 issue.
By Pema Levy | Mon Apr. 6, 2015 6:45 AM EDT
For years, Washington politicians and policymakers been talking about cutting Social Security benefits. The Beltway consensus, unduly shaped by deficit hawks and Wall Streeters, has been that the system is broken and must be pared back, and progressives who support Social Security have often had to play defense.
But in late March, Sen. Elizabeth Warren, the populist Democrat from Massachusetts, entered the frayand challenged the prevailing view. In the wee hours of March 27, Warren introduced an amendment to the Senate budget resolution calling for protecting the program's solvency and expanding Social Security benefits. And every Democrat present but two voted for the amendment; every Republican opposed it.
A budget resolution is a set of nonbinding guidelines for how Congress should write spending bills during the upcoming year. Congress can and often does ignore budget resolutions, but they are a significant statement of priorities and principles, and the amendment process can be an important game of politics. By introducing this amendment, Warren forced senators to take a position on the popular retirement program. "This is how politics is played if you intend to play to win," says Damon Silvers, policy director and special counsel for the AFL-CIO. "For too long, the progressive or populist part of the Democratic Party has not played to win."
~Snip~
Not everyone believes the budget vote was a big deal. Third Way's Jim Kessler, who cowrote the 2013 op-ed slamming Warren on Social Security, dismisses the recent budget resolution vote as no more than a nonbinding amendment that was "aspirational" and not a "real plan." His opinion piece called the idea of increasing Social Security benefits part of a "populist political and economic fantasy."
~Snip~
Full Article:
http://www.motherjones.com/politics/2015/04/can-elizabeth-warren-expand-social-security
merrily
(45,251 posts)After 2010 and 2012, Third Wayers should be hanging their heads in shame, but noooooooo.
Jackpine Radical
(45,274 posts)Ask any Turd Wayer.
jeff47
(26,549 posts)The media keeps dogging Democrats for not being sufficiently bipartisan. So we can solve that by Democrats nominating a Republican in 2016! Let's put Jeb on the Democratic ticket to show just how bipartisany we are.
Heck, Latinos will flock to the ticket now that they know he's one of them!!
RiverLover
(7,830 posts)And anyone who calls them out are "dividing the party" & "trying to elect republicans". Quite the triangulation there. Too bad for fake dems but good for the country, we see it now. Falls kind of flat.
jeff47
(26,549 posts)So it's time to step up our game and nominate a declared Republican to show just how bipartisany we are.
bvar22
(39,909 posts)[font size=3]Paulson withCo-Conspirators
Now THIS is bi-partisanship!
Better get used to it!
Hahahahahahahaha![/font]
dmr
(28,349 posts)Pat Paulsen Editorials (Smothers Brothers Comedy Hr,1967/68):
InAbLuEsTaTe
(24,123 posts)7962
(11,841 posts)"if we'd only nominate a TRUE conservative"........
merrily
(45,251 posts)Interpret that any way you wish.
think
(11,641 posts)need to be raising issues and holding the GOP accountable through votes.
The stark contrast serves as a vivid example contrasting the 2 schools of thought.
merrily
(45,251 posts)Enthusiast
(50,983 posts)merrily
(45,251 posts)WillyT
(72,631 posts)closeupready
(29,503 posts)pansypoo53219
(21,004 posts)staggerleem
(469 posts)Well, then, Mr. Kessler, howzabout we FLATTEN the Social Security tax, thusly -
EVERYBODY pays the same rate on EVERY DOLLAR they earn - no exceptions for "high earners"! But we leave the EMPLOYER contribution as is (i. e., set an upper limit, beyond which the employer no longer contributes), because the folks who make over $120,000 a year probably don't NEED the extra cash to retire on. But everyone gets the same employer contribution up to the limit. This would keep the system solvent pretty much FOREVER, without overburdening smaller businesses.
Oh, and BTW when the people on the right run around with their hair on fire yelling about how the SS trust fund will be totally depleted in the next 25 - 30 years ... THAT WAS THE PLAN! There was no SS trust fund until around 1980, when Pat Moynihan & President Reagan suddenly realized that the Social Security "python" would soon have to swallow the Baby Boomer "cow"! So, right around the time I started earning what (at the time) seemed like "REAL" money, the SS deduction was DOUBLED, to build the fund. Until then, the system was "pay as you go", and YOU paid for YOUR PARENT'S (or maybe Grandparent's) retirement. MY generation (ooh - that's catchy ... maybe I'll write a song!) was the first to pay for TWO GENERATIONS of retirees - and I'm fine with that. But the fund is SUPPOSED to deplete as we boomers die off!
7962
(11,841 posts)Regardless of the boomers. People are living longer on average and that trend isnt going away.
Dragonfli
(10,622 posts)7962
(11,841 posts)Dragonfli
(10,622 posts)http://www.eoionline.org/blog/the-social-security-retirement-age-whos-really-living-longer/
Those are just a couple still in my tab I didn't clean out yet, google it, it is really pretty common knowledge.
7962
(11,841 posts)Our own side is always talking about the gop tossing grandma out into the street or making them choose between eating and medicine. But what you're showing me means thats a bunch of hooey. But now that you made me think of it, all the seniors I know of are doing just fine; other than a couple. And I know a LOT of them
Dragonfli
(10,622 posts)neighborhood as I do, anecdotal evidence is quite the opposite regarding the fate of seniors.
May I ask where you live? It must be really nice there.
I am sorry you do not see the need for the social safety net, or it's needed expansion, but it seems rather cold and inhuman to me.
I'd rather not discuss the issue with such a person, if I did, there are plenty of right wing sites I would frequent.
7962
(11,841 posts)Where did I ever say there was no need for SS? I was saying the opposite; I'm used to hearing that the seniors arent doing well. You pointed out that, in fact, many of them are doing quite well, and had the links to show it. Which made me think about the ones I'm associated with and their lifestyle. I live in the central Ga area; hardly Westminster County NY!
The only question I had, from another post, is how Warren wants to expand the program. Expand it how & to who? Its already going to seniors & survivors.
I also said I supported ending the cap to aid in funding
1StrongBlackMan
(31,849 posts)Dragonfli
(10,622 posts)put forth by Pete Peterson and his ilk to try to cloud the issue and make raising the retirement age appear reasonable. They are quite successful with such misinformation and have a majority believing their propaganda.
They also have people believing that SS is part of the general budget and driving the deficit when in fact it has it's own fund that is completely separate and running a surplus of over two and a half trillion dollars held in interest accruing bonds that are to be used to cover expenses not met any time the current expenditures exceed the current intake of FICA contributions.
They do their jobs all too well.
They are great con men even if they are horrible people.
Thank you for supporting the truth in this thread.
Samantha
(9,314 posts)We are the first generation to pay for two generations' Social Security retirements funds. Yet, listen to the generation behind us. They have been brainwashed into thinking it is the Baby Boomer generation threatening their future retirement.
In theory, we were to pay for the generation before us, then we would pay for our generation, and after the last Baby Boomer bit the dust, the problem would be over because the next slate of generation of retirees would not be as huge as ours. When that day comes, who here thinks the FICA tax will be lowered to its former normal rate?
I learned about the resentment many in the generation behind us have for Baby Boomers, thinking their FICA is being sucked up by paying for the huge numbers of retirees considered Baby Boomers one day while shopping in a retail store. The young man behind the counter looked at me and smirked, saying, "Boy your generation really did a number on my generation. By the time I get ready to retire, Social Security will not be there." I was very saddened to hear such a young person say this. I asked him who or what was the source of his news, but he did not respond. So I explained to him the 80s' agreement, and asked him to look this up for himself and see for himself we were paying for our own retirement. I told him this misinformation was being spread by Republicans who wanted to assist Wall Street gets its wish to privatize Social Security.
If George Bush* had been successful in privatizing the program, 40 percent of the then current funds would have been lost during the 2008 crash. We can never allow such privatization to happen. The transition costs to convert the program would have been 3 trillion dollars in 2003. The government would not pay for the transition, neither would those slated to administer the program privately, and it was decided the participants would foot the bill by having their benefits cut.
Sam
7962
(11,841 posts)Because the market has nearly tripled since obama took office. But if you're retired age, you should have very little in the market anyway
staggerleem
(469 posts)... with Blankfein, Dimond, et al in charge of how the trust fund would be invested, I'm of the unshakable opinion that they would have thrown it all into companies that make pay phones & buggy whips.
Oops. Gee, folks, sorry about that, but you know, there are NO guarantees in the stock market ... unless you ARE the stock market.
ananda
(28,888 posts)..
appalachiablue
(41,184 posts)daleanime
(17,796 posts)7962
(11,841 posts)I cant read links on the phone. But SS already goes to seniors, survivors and under-18 survivors, where does she want to expand it?
And doing away with the cap would go a long way towards funding issues
RiverLover
(7,830 posts)And its in opposition to reducing payout amounts like Wall Street Rethugs & Dems want.
InAbLuEsTaTe
(24,123 posts)to tell her what to say.
Enthusiast
(50,983 posts)And Conan was an obvious Warren fan. He made that perfectly clear.