A thought on Bush's "mandate"
This whole push to destroy Social Security under a set of hardly believable lies about saving it is being taken, if I'm not mistaken, as a signal that BushCo is empowered by their 1% "mandate".
I just read a story by David Sedaris where he talked about his mother asking him to share his Halloween candy. Rather than give up a single precious candy bar, he shoved all of them in his mouth. It was eat the candy now or never, was his thought.
I hope that's what's going on. They are trying to destroy Social Security before America wises up and kicks Republicans out on their collective asses. It's a possibility.
posted by Amanda Marcotte at
4.1.05
35 Comments:
Read that story a couple of months ago, and yes, it is a very good metaphor for this infantile administration. Definitely strict father mentality. I think that more people are aware of the machinations of this one trick pony (fear fear fear) administration, and they will not stand for it. Social Security is not in "crisis".
citizen spot
1/04/2005
Clinton "transformed social security as we knew it" with under fifty percent, and Lincoln presided over a civil war with forty percent of the vote. All you need for a "mandate" is the office. Sadly, Lincoln didn't even get the honor of having a "commander-in-chief" jacket like our latter-day presidents have had.
1/04/2005
Wising up means acting locally instead of organizing cacophonous marches on DC. Bush can't destroy Social Security; your legislators, however, can.
1/04/2005
Quoth Citizen Spot:
"I think that more people are aware of the machinations of this one trick pony (fear fear fear) administration, and they will not stand for it. Social Security is not in 'crisis'."
However, the current administration is using fear to motivate change in the Social Security program. How many times over the last couple of years have you heard some official declaring that the Social Security system will run dry in 5 or 10 or 30 years? Whether or not the system will actually run out of money is irrelevant, because so many people beleive that they system will go bankrupt. Bush is counting on this naive misunderstanding to push his privatization proposal.
So, the one trick seems to be working.
Cheers,
xander
1/05/2005
As someone whose job straddle the public and private world, I find it amusing that libertarians think that private financial institutions are superior to public in any way, shape, or form.
1/05/2005
A standard principle of investing is to diversify your holdings. Social Security is supposed to act as a safety net against income losses & losses in the stock market. Sure major economic collapse may bankrupt SS, but smaller scale recessions can cause huge hardship for many individuals. For example, my parents have postponed retirement because they lost 1/3 of thier 401K in 2001-2002. He is 66 & my mom 67 & they both will still work full-time until they are at least 70. If they had lost 1/3 of thier SS benefits as well, it would be worse for them. Thankfully they have thier health & wits so they can continue to work.
I don't think anyone should rely on thier SS alone to get them through retirement, but I think it would be wiser if congress worked instead on making investment in a 401K or similar product feasible to more working families. Most company matching funds max at 3%. Why not have incentives to increase that to 5% if you want people to have more money in a 401K?
Another example is employee-ownership of corporations. I work for one. Our pensions are stock in the company. Everyone who works here has motivation to keep productivity high & costs low. Even the relatively low-skilled people can have a comfortable retirement. It's a great idea and I think more should be done to promote employee-ownership. FYI, there are checks to make less feasible the type of abuses that Enron execs did to inflate thier personal fortunes out of employee pockets.
1/05/2005
Brad, since I work for a government institution, we don't do 401Ks. We are forced to contribute to a general retirment fund, much like Social Security, that will pay us a pension when we get out. And yes, I like that plan a lot better because they are legally obligated to take care of me when I'm old.
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