Don’t Privatize Social Security


Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H.L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid.

Dwight D. Eisenhower

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Social security.  Sharron Angle wants to phase it out, or rework it, and follow the “Chilean model”.  Can’t tell rightly, she changes her mind an awful lot about social security and whether it should be privatized or not.  First yes, because the system is broken, then no because she looked at things and decided that the system works (how nice of her to approve) and now she’s back to liking privatization.

Rand Paul has a plan that would balance the budget! It would involve cutting Social Security, defense and pentagon spending.  How will it he do it? I have no idea!  Want to know why? Because he doesn’t know either! When asked about how he would deal with the Department of Education for example, he said “Send it back to the states” What does that mean exactly?  I could not tell you! When he was asked about title I, which helps local districts educate disadvantaged children he said, and I quote:    

“I’ve never thought about it. I don’t know my position on that.”

Gotta love that thought process, that depth of readiness he exhibits when faced with spending issues.  After all, if he is going to balance the budget, shouldn’t he know what he’s balancing?  That would be nice, wouldn’t it?

Ken Buck claims that Social security will Bankrupt the country in the next two decades, and therefor he wants to get rid of it.  He’s said that the private sector runs programs like that much better.

Really? How many programs like Social security does the private sector run?  Money Markets? 401ks?  We all remember how well they held up during the height of the great recession, right?  We all remember that $550,000,000,000 run on the money markets during mid September 2008 that was only stopped when the government had to step in to stop it before it bankrupted the entire nation and destroyed the entire financial system.

Ya, these tea party neocons know how to run things, like their mouths.  Minds, not so much.

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Viddy of the day:  This is Jack Conway, the man running against Rand Paul for the Senate seat in Kentucky,  giving a speech(from which these are edited highlights)  in a place called Fancy Farm, a town in graves county Kentucky. Fancy Farm has an annual picnic which usually gets the biggest names in local Kentucky politics.  I’ve read enough about it where I really want to go see it myself, and not for the politics either.  The food sounds out of this world!

Again I put in this note, like yesterday: If you are viewing this through IE8, the video will not work.  To view the viddy please open this page in the latest version of firefox, or google chrome, or Opera.  All three work. (note, added 8/14, the actual issue is not IE as originally thought, it is an issue with flash.  If you have flash loaded properly, you should see the viddys just fine. Sorry for the mixup)

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Americans must forswear that conception of the acquisition of wealth which, through excessive profits, creates undue private power over private affairs and, to our misfortune, over public affairs as well. In building toward this end we do not destroy ambition, nor do we seek to divide our wealth into equal shares on stated occasions. We continue to recognize the greater ability of some to earn more than others. But we do assert that the ambition of the individual to obtain for him and his a proper security, a reasonable leisure, and a decent living throughout life, is an ambition to be preferred to the appetite for great wealth and great power.

President Franklin Delano Roosevelt, 1935 State of the Union Address

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Ron Johnson, running for senate against Russ Feingold for the senate seat in Wisconsin says he wants to privatize Social security.

David W. Hendrick, running for the open seat in the third congressional district in Oregon, calls Social security a ponzi scheme, using the much ballyhooed phrase that the tea party neocons love to use.

It’s not just them.  David Vitter, The shithead senator who has a problem with women, wants to privatize Soc. Sec., as does former senator, and future senate hopeful Dan Coats,  and also Roy Blunt, who is running for Kit Bond’s senate seat in Missouri. 

There is an almost perverse ugliness to witnessing this.  That people would want to leave their life savings in someplace as unsafe as the stock market or some such similar vehicle seems absolutely insane to me.   There are people who had their life savings wiped out in 2008, in the same market that these people want YOU to trust enough to put your money in.  All the regulation on earth cannot stop the fluctuations that happen in the market, and to even propose it nowadays, when there is such market volatility, the ineptness here just boggles the mind.

The government isn’t going to go broke in the next two decades because of Social Security, as Senate hopeful “stupid f*ck” Buck in Colorado thinks.  It is NOT A ponzi scheme, and anyone dumb enough to say that probably isn’t smart enough to actually know what the differences between a ponzi scheme (a blatant attempt to rip people off, where only a few benefit), and Social Security ( a fairly stable program that helps millions while hurting no one, and everyone who partakes benefits) really are. 

There is nothing but a world of hurt awaiting us if we end up privatizing Social Security.  George Bush, the main proponent of this doctrine, could not, even with a majority in both the house and senate get this passed. Putting it through now would bankrupt my future,  my generations future, and every generation that comes after would suffer from the cyclical privations that would damage the life savings of every American through privatization. 

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That’s it from here, America.  Have a good night, I’ll write to you again tomorrow.

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