Oh no, the president-elect is not even in the catbird seat
yet, just fraternizing with the Washington Post Editorial Board and they�re
writing Obama
Pledges Entitlement Reform.
To quote: �President-elect Barack
Obama pledged yesterday to shape a new Social Security and Medicare
�bargain� with the American people, saying that the nation�s long-term economic
recovery cannot be attained unless the government finally gets control over its
most costly entitlement programs.�
With all due respect Mr. President-elect, that�s baloney.
I�m holding in my hand a �Special Report: Social Security -- It�s Future and
Yours� from Barbara B. Kennelly, president and CEO of the National Committee to
Preserve Social Security and Medicare. She has been a historic defender of
Social Security and Medicare for over 20 years -- first as a member of Congress
and ranking member of the House Ways and Means Subcommittee on Social Security,
and then as counselor to the commissioner of the Social Security
Administration.
She, as I and many other seniors, challenges any proposed
�bargain� you make, Mr. Obama, until you have been cleansed of the general
misinformation about Social Security that exists these days -- the false
claims, predictions and outright misleading statements. So please, Mr. Obama,
hear us, because millions of seniors have Ms. Kennelly�s document in their
hands and have the facts not the spin.
First things first:
Social Security is not going bankrupt
This is carryover (more like a hangover) from the Bush
administration, which would have bankrupted Social Security with its
privatization program, designed to create millions of Wall Street accounts for
seniors that would have lead them into the pit in which the Street and its
runners now sit. Also, using the danger of a Wall Street collapse is also a
scare tactic, plain and simple to take apart this historically successful
program.
FACT 1 . . . According
to Social Security�s own actuaries, this laudable national retirement plan is
running a healthy $2 trillion surplus -- a surplus projected to grow to almost
$4.2 trillion by 2017. In how many areas of government today, Mr. Obama, can
you find healthy surpluses, and without taint of corruption.
FACT 2 . . . The
current projects show Social Security able to pay full benefits for another three decades and then some, at
least if another president doesn�t plan as Bush did to loot the Social Security
Trust. Remember �those useless pieces of paper� in the Trust he spoke of? They
were United States Treasuries, and hardly useless.
FACT 3 . . . Past
that, the actuaries project a modest gap between taxes collected and benefits
paid, but there are reasonable, solid, and relatively modest adjustments that
would help the viability of Social Security to endure for many years to come.
One would be to simply raise the annual taxable maximum for
Social Security, which stood at $102,000 as of 2008. Given the trillions in tax
cuts gifted to the rich and superrich by Bush, this would be a modest proposal
to add to the coffers of Social Security. So that Warren Buffett, to quote a
household name, could be paying a bit more, not the same in Social Security
taxes as his secretary. I understand that raising any tax anywhere is a dirty
world in the post-Republican world, but one that would certainly not have fazed
the creator of Social Security, your spiritual political mentor, Franklin D
Roosevelt, who created this revered �entitlement.�
Radical changes are
not required to �save� Social Security
Indeed, privatizing Social Security would have been as
disastrous as the financial community�s current Depression. I mention this
again, because like the proverbial Loch Ness Monster, the notion of
privatization keeps surfacing again and again and doesn�t get any prettier
(even with some lipstick on it) or more viable with each ugly appearance.
Fact 4 . . . The
stage has also been set for a new round of sweeping reform proposals based on
the false claim that spending on all
entitlement programs, including Social Security, Medicare, and Medicaid, is a
grave challenge to America�s economic health. Ironically, they are probably the
best thing that ever happened to America�s health. Its finances have been in
other hands, unfortunately. What�s more there are forces in Washington
perpetuating this myth that we must cut
entitlement spending, but the simple truth is this . . .
Fact 5 . . . Even
before the Wall Street crisis crippled our economy, as did the Iraq war, the
Bush tax breaks for most of the rich and superrich were a major reason behind increasing
our national debt and the resulting pressures to rein in spending. The
progressive tax as you may remember was traded in like an older, well-running
car for the gaudy money-guzzling regressive tax. And now as the economy�s
engine is frozen like its credit, many of the original legislators behind those
earlier political decisions point to Social Security and blame it -- or
Medicare. Absurd.
Fact 6 . . . Entitlement
spending cuts are always the convenient punching bags to strike at, laying the
blame on them for thoughtlessly acquired deficits. The so-called �reforms,�
privatization et al, would do nothing but destroy these sterling programs.
Now, when retirees
need Social Security more than ever, the mindless march for �entitlement
reform� stumbles on . . .
With the average Social Security benefit check of about
$1,000 a month, retired Americans are struggling to afford soaring food,
energy, healthcare and pharmaceutical costs. But reason isn�t being used to
solve these issues. Ideology is -- of all those opposed to the very principle
of Social Security. In fact, they�re thrown big money into campaigns to reduce
government spending, which include ultimately cutting guaranteed benefits.
Roosevelt must be rolling over in his grave at this heresy.
Fact 7 . . . In
fact, one of the most outspoken and wealthiest opponents of entitlement
spending is one Peter G. Peterson, who pledged $1 billion towards �solving�
what he claims are �America�s most significant challenges.� One of mine is to
see him go away and count his money on some planet in outer space. Peterson�s
�foundation� is a front organization to lobby for �educating the public� to
accept spending cuts that would cut apart future benefits for retirees. Not the
nicest of people.
Fact 8 . . . With
a title from Star Wars, a group of
so-called �deficit warriors� on Capitol Hill is pushing a scheme to enforce 30-year spending limits on Social Security
and Medicare. The �warriors� call it the necessary �first step� to
protecting the economy. Instead, how about a financial market that�s thoroughly
regulated and transparent? But then how could this be? The members of this
cabal range from former Congressional Budget Office directors and White House
budget officials from the Clinton administration to conservative think tank
economists and budget experts. Well, they must need the work. But they might
pick less productive programs to tear apart. How about working on the national
debt or the subprime mortgage scandal and sending at least one bureaucrat or
debt salesmen to jail for the devastating corruption that so far has gone
totally unpunished?
Fact 9 . . . Even
before, you, Mr. Obama, were elected, the Washington
Post touted the plan as �an intriguing mechanism for forcing lawmakers --
and the next president -- to focus on the problem� of runaway deficits. How
about deconstructing the derivatives market instead, which runs relatively
unobserved, and with little accounting for its profits and awful debts? What
about an investigation of Wall Street money laundering, estimated by experts at
two or three trillion every year? These are the things that are bankrupting us,
not innocent seniors and their modest pension money and benefits. If you want
to cut, Mr. Obama, get to the heart of the economy cancer, Wall Street, dark
hole in space that it is.
Anyone who is on
Social Security belongs in this debate
Don�t count on the politicians, Wall Street operatives, and
so-called policy experts to have answers and say what is best for Social
Security, Mr. Obama. Don�t hand these people the power. They can barely police
themselves, let alone what�s best for seniors.
Fact 10 . . . While
Congress may hold the strings of power on Social Security, it�s the seniors they will listen to most
when they raise their voices; people who gave the best years of their lives
helping to pay for this Social Security system, many of whose critics have
personally tried to deconstruct it for their own profit.
Listen to Barbara Connelly, Mr. Obama. In her 17 years in
Congress she will tell you, every time there was a proposal on the table that
could in any way jeopardize Social Security or Medicare benefits, the most
informed, most involved, and most vocal opponents were seniors, who have been around long enough to know the adage, God
helps those who help themselves. Lord knows these dogs of the darkness aren�t.
Barbara will also tell you these program�s opponents weren�t
acting alone. They were part of a highly organized, nationwide grassroots
effort to disparage Social Security and Medicare, as if any of these profiteers
had a real idea, a real program that could top the 72 years of Social
Security�s unparalleled success; or Medicare�s, its offspring, 43 years of
life-saving achievement. Both of them have inestimably improved the quality of
life of seniors, your writer included.
So seniors, brothers and sisters, black, white and every
shade of the human rainbow, stand up, be heard, be counted, tell it like it is
to Congress, and help Mr. Obama decide. Yes, you can join the National Committee to Preserve Social
Security and Medicare. Its address is 10 G Street, NE, Washington, DC,
20090-7131. Tell them your want to sign the Petition to Congress. A
contribution according to your means may be asked of you. It�s okay. It�s an
investment in your future well-being.
You will be adding your voices and support to this National
Committee that will be working for (and not to dismantle) your Social Security
and Medicare. These people have been fighting -- and winning -- battles on
behalf of retired Americans for more than two decades. They will direct your
clout to where it counts: protecting benefits, rights and your security in your
retirement years.
Fact 11 . . . The
National Committee to Preserve Social Security and Medicare was launched in
1982 by James Roosevelt, the eldest son of Franklin and Eleanor Roosevelt. The
committee is 100 percent independent.
Fact 12 . . . They
don�t sell insurance, accept �donations� from investment firms or drug
companies. They don�t accept money from the federal government. The committee
is solely supported by members, people like you, who are stepping forward to
support the cause. You and all those like you are the source of the committee�s
strength in Washington, the committee that has been a leader in just about
every major debate that could impact seniors� benefits.
Fact 13 . . . They
have taken on the recurring challenges, like protecting COLAs (Cost-of-Living
Adjustments) and fighting unfair budget cuts -- and the major, history-making
battles against restructuring America�s socials insurance programs.
Fact 14 . . . The
national committee is now in its 18th consecutive
year of staving off attempts to privatize Social Security through
well-timed, well-organized media campaigns, testimony on Capitol Hill, and the
grassroots support of millions of members and supporters. And lastly, remember
this.
The discussion on Social Security and Medicare will begin
next month, Mr. Obama said, �when he convenes a fiscal responsibility summit
before delivering his first budget to Congress. He said his administration will
begin confronting the issues of entitlement reform and long-term budget
deficits, soon after it jump-starts job growth and the stock market.�
He also added, �What we have done is kicked this can down
the road. We are now at the end of the road and are not in a position to kick
it any further. We have to signal seriousness in this by making sure some of
the hard decisions are made under my watch, not someone else�s.�
Therefore, seniors, make sure these so-called hard decisions
aren�t going to make your life on Social Security and/or Medicare incredibly
hard. Join the National Committee to Preserve Social Security and Medicare
today -- before the can may be kicked in the wrong direction. And please, let
the new President Obama and the Congress know how you feel.
Jerry Mazza is a freelance writer living in New
York City. Reach him at gvmaz@verizon.net.