September 24, 2011
— Open Blogger There's been a flurry of posts on NRO's The Corner about Social Security as a Ponzi scheme in the last few days. This post seems definitive. I'll emphasize one paragraph but the entire note is worth reading.
Furthermore, the real objective of Social Security was not to set up a retirement insurance program. It was to lay the foundation for a full-blown entitlement state, complete with socialized healthcare. The original plan included a Medicare component, which was abandoned because FDR realized it would jeopardize passage of social security. (The push on Medicare, as I’ve recounted before, was renewed immediately after passage - although it took 30 years, due to deep opposition from the public and the medical profession.) As Gov. Perry points out in his book, while feigning to address a "crisis," Social Security (like Obamacare) collected the taxes ("contributions") for several years (from 1935 to 1942) before any benefits were paid out; and the eligibility age was pegged at 62 even though life expectancy was then 60. The goal was not to ensure a decent retirement for "beneficiaries"; it was to erect - in incremental stealth - an entitlement state that the public would never have supported if Progressives had been forthright about their ambitions. Social security was the foot in the door.
And Obamacare is the 3rd foot* (if you call Medicare the 2nd). That's why it's so critical to repeal it not reform it or tinker around the edges or try and make it work. I'm sure there are more than a few Repubs who, if they were President, would view Obamacare as a project - something that the Dems screwed up but -I- can make work! We can do two things. Either keep those guys away from the White House OR make it politically impossible for them to do anything but repeal it. Don't forget that Friedman quote...
*Some sort of multi-limbed commie monster must be lurking outside that door!
I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing. Unless it is politically profitable for the wrong people to do the right thing, the right people will not do the right thing either, or if they try, they will shortly be out of office. - Milton Friedman
That second option is more reliable that trying to navigate the minefield of figuring out which pol is conservative and which talks conservative. For decades the political climate has been moving the US towards a Euro-style social democracy. Picking conservative pols delays and stalls that move but doesn't reverse it.
Posted by: Open Blogger at
12:11 PM
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Posted by: Vic at September 24, 2011 12:16 PM (M9Ie6)
Our only hope is the Supreme Court.
Posted by: Vic at September 24, 2011 12:18 PM (M9Ie6)
Posted by: KG at September 24, 2011 12:22 PM (LD21B)
Where did he admit that he is a communist? Not that I care what he calls himself -- Alinsky said that they should call themselves whatever works.
Communist
Socialist
Progressive
Reform
Liberal
Labor
Posted by: CharlieBrown'sDildo (NJConservative) at September 24, 2011 12:24 PM (LH6ir)
For decades the political climate has been moving the US towards a Euro-style social democracy. Picking conservative pols delays and stalls that move but doesn't reverse it.
I forget where I read this (probably one of your gems, ArthurK) but the ship of state is more like a train: It's on tracks going in one direction, and the engineer can make it go faster or slower, but it always goes in the same direction.
We have to either stop or jump the tracks.
Posted by: FireHorse at September 24, 2011 12:26 PM (F5OMl)
By never ceding the narrative to them. Call them on every falsehood, and never accept anything other than the truth.
Look at the successful gadflies in our society. They are considered impolitic or obnoxious or rude, but they get results.
Posted by: CharlieBrown'sDildo (NJConservative) at September 24, 2011 12:26 PM (LH6ir)
Posted by: Lincolntf at September 24, 2011 12:27 PM (FzVlt)
Well a good start is for politicians on "our side" to stop demonizing anyone who points out that the SS emperor has no clothes.
Posted by: Lauren at September 24, 2011 12:28 PM (frrvB)
Well a good start is for politicians on "our side" to stop demonizing anyone who points out that the SS emperor has no clothes.
I settle for our side acting like a side.
Posted by: FireHorse at September 24, 2011 12:30 PM (F5OMl)
Posted by: Lauren at September 24, 2011 04:28 PM (frrvB)
Yes, but as Friedman said, the political calculus is such that those politicians see a benefit in doing that, and so they will keep doing it. I'm not sure that the nature of political machines, which even Republicans have, will ever allow for that to really change.
Posted by: KG at September 24, 2011 12:34 PM (LD21B)
Posted by: Lincolntf at September 24, 2011 12:35 PM (roFKc)
Posted by: Comrade Arthur at September 24, 2011 12:37 PM (5Z/+/)
There is no analogue on the Right. RSM has made a similar point many times that while the Left has the likes of George Soros funding websites and blogs pushing the narrative, but on the Right, the rich seem to expect conservative bloggers to do everything pro bono and to be grateful for it.
Posted by: KG at September 24, 2011 12:38 PM (LD21B)
Another thing to keep in mind about the Republican Party and the "moderate" wing is that up until Barry Goldwater came along there was no "conservative" wing.
So we haven't been trying to undo a lot of this shit very hard until recently.
Posted by: Vic at September 24, 2011 12:38 PM (M9Ie6)
Posted by: Oldsailors Poet at September 24, 2011 12:41 PM (ZDUD4)
Posted by: Comrade Arthur at September 24, 2011 12:43 PM (5Z/+/)
They are well organized and working toward a common goal. We are completely scatterbrained when it comes to a unified message and because we can't present a united front we get our asses kicked even though we are correct most of the time.
Posted by: CharlieBrown'sDildo (NJConservative) at September 24, 2011 12:43 PM (LH6ir)
Posted by: sTevo at September 24, 2011 12:43 PM (roFKc)
Here's a bit pasted from Wikipedia about economist Laurence Kotlikoff:
"Kotlikoff has written that the economic future is bleak for the United States without tax reform, health care reform, and Social Security reform in his book The Coming Generational Storm and other publications. ... Kotlikoff once mentioned that the American economy is already unknowingly bankrupted and mentioning it as "t is engaging in Enron accounting" to describe the situation."
Our day of reckoning is coming.
Posted by: FireHorse at September 24, 2011 12:45 PM (F5OMl)
The thing that hurts us the most is the news media. The news has always been biased all the way back to the founding of the Republic. But up until the 30s and FDR there was some balance in the papers. Some papers favored Republicans and some favored Democrats.
After FDR jailed some who opposed him in print they all became Democrats.
Posted by: Vic at September 24, 2011 12:46 PM (M9Ie6)
Posted by: Comrade Arthur at September 24, 2011 04:43 PM (5Z/+/)
It will probably take more than that, as part of the reason organizations drift left is because one a leftist gets in, they then turn around and start influencing the hiring process to favor other leftists. They will discriminate against conservatives, in other words.
Conservatives tend to play fair, but I think that has to change when it comes to leftists.
Posted by: KG at September 24, 2011 12:46 PM (LD21B)
Posted by: Ms Choksondik at September 24, 2011 12:47 PM (nxptv)
You got that right. Look at all the flame wars and blood letting in the Perry vs Romney threads. And that is with only 3 or 4 people on here who actually support Romney.
Posted by: Vic at September 24, 2011 12:48 PM (M9Ie6)
Gah.
Posted by: KG at September 24, 2011 12:48 PM (LD21B)
Posted by: rockmom at September 24, 2011 12:49 PM (lSyyU)
Posted by: Vic at September 24, 2011 04:48 PM (M9Ie6)
Coughcoughyouforgotaboutmecoughcough.
Posted by: Palinista at September 24, 2011 12:50 PM (nxptv)
If I am not mistaken FDR's right hand man Harry Hopkins openly admitted that. Same for the 40 hour work week that the unions like to take credit for.
Posted by: Vic at September 24, 2011 12:51 PM (M9Ie6)
Posted by: Comrade Arthur at September 24, 2011 12:51 PM (5Z/+/)
LOL, yeah, I suppose a lot of those Perry bashers could be Palinbots and Paulbots.
Posted by: Vic at September 24, 2011 12:53 PM (M9Ie6)
Posted by: Lincolntf at September 24, 2011 01:08 PM (uIz80)
Comrade Arthur - brilliantly written and framed.
Social security has absolutely no equity unless one would like to consider the current 2.2 Trillion plus in 'non-marketable' government securities i.e. debt against the inflow of FICA payroll taxes as an asset, which I don't think would likely comport with basic economics.
To provide some scale on the current illiquidity found within the social security "lock box", we would do well to remember that this is the same amount the federal government takes in TOTAL federal taxes in one year ($2.2 Trillion). Of which, $829 Billion are generated from Payroll taxes.
And to provide further scale, the current National Debt is over $14.7 Trillion with another $2 Trillion to soon be added to that.
And we are expected to be running $1.4 plus Trillion yearly deficits over the next 10 years.
Not to mention Obamacare cut $500 BILLION out of Medicare, without Medicare's outlays being reduced.
Finally, when factoring in the future payments both social security and medicare are supposed to be paying out, these unfunded liabilites approach $60 Trillion.
The entire system is unsustainable and the window of opportunity to even begin to solve this mess is fast closing.
Romney is sadly a political player who will not bring effective change.
With Perry there could be hope but he alas is a political animal more enamored with the concept of being president than with solving the economic brink we are on.
The only real candidate that is sticking to fundamentals is Michelle Bachmann however, her electability is not on solid footing.
Despite the politics of it all, change on a "can this really be happening" level is going to happen irrespective of who is elected dem or republican as the system is unsustainable.
So Aruthur's post is exceptionally important as it correctly points out that the public must carry the debate to catalyze the entire political dialogue. For the hour is upon us.
Posted by: journolist at September 24, 2011 01:08 PM (Fb9Q0)
Posted by: 6loq at September 24, 2011 01:10 PM (0i/sb)
Posted by: Lincolntf at September 24, 2011 05:08 PM (uIz80)
Heartless bastard, you do know that a bunch of the kids of illegal aliens are in fact citizens of the US don't you?
Posted by: robtr at September 24, 2011 01:15 PM (MtwBb)
Bachmann has cut her own political throat. she is fading fast. Cain is still talking real fundamentals and he isn't bashing the other candidates while doing it.
He bashes Obama and that is the way it should be.
Posted by: Vic at September 24, 2011 01:15 PM (M9Ie6)
I am surprised that The ice road trucker channel carried anything critical of FDR. Just covering history is surprising enough.
Posted by: Vic at September 24, 2011 01:17 PM (M9Ie6)
The only real candidate that is sticking to fundamentals is Michelle Bachmann however, her electability is not on solid footing.
How is Tardisil fundamental?
Posted by: garrett at September 24, 2011 01:18 PM (FMwmC)
Posted by: Comrade Arthur at September 24, 2011 01:20 PM (5Z/+/)
Posted by: Lincolntf at September 24, 2011 01:21 PM (hiMsy)
One name sticks out in my head - Romney, Romney, Romney.
Posted by: Blacque Jacques Shellacque at September 24, 2011 01:21 PM (dr4y0)
Posted by: Blaster at September 24, 2011 01:24 PM (Fw2Gg)
I'm sorry, but I'm not so Kum-ba-yah naïve to believe that tens of millions of Mexican retaining strong ties to the motherland will be totally peachy-keen with paying for the retirements of tens of millions of old non-Hispanic Whites and Blacks.
Total . . . fucking . . . Dreamworld.
Posted by: logprof at September 24, 2011 01:24 PM (QaKuj)
KB Hutchison got caught in that climate shift running for governor against Perry. All of sudden it was bad that she was earmarking stuff for TX, and Perry was able to work that against her. He's a very political animal, but at least he was sharp enough to read the public's mood correctly and court the tea party.
Posted by: stace, teahadi extremist bitch at September 24, 2011 01:25 PM (lYlx9)
Bachmann when speaking economics is all about fundamentals ---- the other stuff, no comment.
Fundamental economics, that' kinda important as opposed to idiosyncratic political foot-faults and tangents.
But what do I know.
Posted by: journolist at September 24, 2011 01:31 PM (Fb9Q0)
Posted by: blaster at September 24, 2011 01:33 PM (Fw2Gg)
I am not necessarily a Bachmann supporter but it is dawning on me that she is the only one that unequivocally would appeal Obamacare and the only one I trust on that.
So, let's mock her so we can get back to discussing how weak Romney is over Perry and how they both appear to be heding on most of the conservative fronts.
I would say that is a great plan and would also merit a few credits in self-immolation through unwitting subertuge.
I believe such a course is offered at Berkley.
Posted by: journolist at September 24, 2011 01:35 PM (Fb9Q0)
Posted by: CMU VET at September 24, 2011 01:37 PM (82UP1)
Posted by: Lincolntf at September 24, 2011 05:24 PM (uIz80)
That's what happens when you are a heartless Romney supporter. You have to post from the cheap seats. If Romney had a heart he would get you a laptop.
Posted by: robtr at September 24, 2011 01:37 PM (MtwBb)
Posted by: Comrade Arthur at September 24, 2011 01:39 PM (5Z/+/)
Hey,
Just in case anyone gets any ideas.
I'm copyrighting, 'unwitting subertfuge'
Great band name.
Posted by: journolist at September 24, 2011 01:42 PM (Fb9Q0)
Did you deliberately spell "subterfuge" incorrectly? Is that going a gimmick, because if it is, I think it'll work...
Posted by: Kratos (Ghost of Sparta) at September 24, 2011 01:44 PM (c0A3e)
Posted by: Jypsea Rose at September 24, 2011 01:48 PM (A4C5M)
>>I'm copyrighting, 'unwitting subertfuge'
Great band name.
Posted by: journolist at September 24, 2011 05:42 PM (Fb9Q0)
I think that's what is found under a used rubber that's been turned inside out and discarded.
So yeah your band could be headlining SNL in no time at all.
Posted by: ontherocks at September 24, 2011 01:48 PM (HBqDo)
rumors that Romney told his supporters to vote Cain, but still, WOW!
Go Cain!!!
Posted by: Jose at September 24, 2011 01:50 PM (WTNJJ)
Posted by: Vic at September 24, 2011 01:51 PM (M9Ie6)
333 is way too cheap for a pizza.
We'll be bankrupt in no time.
Posted by: Herman Cain at September 24, 2011 05:49 PM (FMwmC)
< Not if it's thin crust silly.
Posted by: journolist at September 24, 2011 01:51 PM (Fb9Q0)
Posted by: Ken at September 24, 2011 01:52 PM (7yb9x)
333 is way too cheap for a pizza.
We'll be bankrupt in no time.
Dominos had that 5-5-5 deal a few years ago.
Posted by: Kratos (Ghost of Sparta) at September 24, 2011 01:52 PM (c0A3e)
Posted by: robtr at September 24, 2011 01:53 PM (MtwBb)
What will it take? It will take Freedom of Speech to once more be OK...
It will take the PC culture we have on speech now, to disappear, so people will feel safe actualy voicing their opinions in public, without being attacked as "having no heart" (oooppppsssss..), or RAAAAAACIST... or Sexist... or a Homophobe... or an Islamophobe...
It will also take the people to once again realize, that Freedom means people don't get to tell you what to do... even if its for your own good...
Posted by: Romeo13 at September 24, 2011 01:54 PM (NtXW4)
Posted by: Vic at September 24, 2011 01:54 PM (M9Ie6)
Why should they even respond to her? Noone cares about her anymore.
Posted by: KG at September 24, 2011 01:56 PM (LD21B)
And on the second option, of getting the Wrong People to do the Right thing?
Note, that in modern times, the ONLY time there was a balanced budget was when there was a viable threat to the two party stranglehold on power, from Perot and the Reform Party.
As soon as that threat diminished, we went back to deficits.... with both parties overspending.
Note, the TEA party DID change the political dynamics for awhile... but now that they have been pretty much coopted by the Republicans... there is not been any significant changes because they are no longer a true outside threat (exhibit 1? where are the spending bills? and budget? Year is done...).
The ONLY way to fix Washington, IMO, is a viable outside threat....
Posted by: Romeo13 at September 24, 2011 02:00 PM (NtXW4)
Posted by: Some Roman Senator they didn't listen to at September 24, 2011 02:02 PM (/FhCo)
I see him as V.P.
Posted by: As If! at September 24, 2011 02:05 PM (piMMO)
One of the crucial elements in the stalemates the communists forced on us after WWII was that they had sancuaries, i.e., North Korea, North VietNtiam, etc. The 17th Amendment is one of the most potent blows the Progressives struck against the Constitution, because it ensured the national government was where all the money would end up, and therefore all the power.
Rather than term limits and balanced budget amendments, if we repeal the 17th Amendment, money and power will return to the states. This will allow each state's citizens to arrange things to their liking. Some states like Texas and Oklahoma can become sanctuary states for those fleeing the Progressive gulags. Divide and conquer, baby.
Posted by: Jack Oke at September 24, 2011 02:07 PM (u3Fs4)
I think you mean the 16th Amendment? But I agree that both should be repealed.
Posted by: KG at September 24, 2011 02:09 PM (LD21B)
We are making a huge mistake by focusing on which politician we might want to support, because our country is now so fucked up that the most important thing is to get headed in the right direction -- not fight over which person is the best choice to lead in that direction (and yes, that means everyone who would lead in the wrong direction [all democrats and a lot of others] have to be opposed and defeated.)
But, we are not going to solve our problems until common people focus on which direction the parade should be going and what our intended destination might be. We don't need people who want to get elected to accomplish that. We are going to have to do it without them because they will not actually help since they are too afraid of losing votes. We can just trust that once the parade starts politicians will show up soon enough to try to claim all the credit.
Posted by: jc at September 24, 2011 02:09 PM (ufJKx)
Posted by: Lincolntf at September 24, 2011 02:14 PM (uIz80)
Where did he admit that he is a communist? Not that I care what he calls himself -- Alinsky said that they should call themselves whatever works.
Communist
Socialist
Progressive
Reform
Liberal
Labor
Posted by: CharlieBrown'sDildo (NJConservative) at September 24, 2011 04:24 PM (LH6ir)
==========
You can add fascists and NAZIs.
All of them are forms of slavery, so why bother to go along with them in splitting hairs? They change their name every time people start to catch on. There is no reason to play along with their name changes. Just call them Slavers.
Posted by: jc at September 24, 2011 02:15 PM (ufJKx)
Posted by: Romeo13 at September 24, 2011 06:00 PM (NtXW4)
========
Post 90 is intended to agree completely with your points.
Posted by: jc at September 24, 2011 02:19 PM (ufJKx)
Posted by: Merovign, Dark Lord of Straight Unicorns at September 24, 2011 02:55 PM (bxiXv)
One particular person I know, is a dominatrix, no I never used her service, in fact I don't know why anyone would, she's a hideous little slug. She works off books and managed to manufacture a "disability" that allows her to get money every month, supplementing her income earned from beating up liberals who think they are edgy.
She's 31, she started collecting at 23.
Posted by: Douglas at September 24, 2011 04:04 PM (YKOnu)
Posted by: JEA at September 24, 2011 04:37 PM (+KzCu)
Excellent blog, thanks for the share. I'll be a regular viewer.
Posted by: The Tears of the Sun AudioBook at September 24, 2011 05:01 PM (4Qf6Q)
Posted by: JEA at September 24, 2011 08:37 PM (+KzCu)
====
Yeah, it's the GOPs fault that the math behind Ponzi schemes always makes the schemes fall apart. If we would only vote along with geniuses like you we could do away with all of those pesky mathematical and physical laws. After all, wishful thinking and ridiculous ceremonies just have to be able to overrule the laws of the universe cuz so many people like you tell us so. When the total harmonic convergence gets here be sure to let the rest of us know.
Say, that unnecessary gravity thing is real inconvenient for me too. Why don't you just make gravity be intermittent by choice for all of us as long as you are overruling the laws of the universe. You got the voters, and like you, they know there is no such thing as an actual truth. All that matters is how you feel about it, right? Go for it. You don't need no stinkin' math. And if your bullshit doesn't actually work, you can always blame the GOP for failing to get behind your ideas and wish really hard at the same time you do.
Posted by: jc at September 24, 2011 05:49 PM (ufJKx)
Posted by: bruce at September 24, 2011 09:40 PM (apXFs)
Sure, Social Security is a Ponzi scheme and 0bamaCare sucks. I am glad that I am exempt from 0bamaCrap and I get my paycheck from the US Treasury. After years of screwing Fannie, Freddie, and many male pages I can count on gerrymandering to keep me in office.
Further, I promise you that I will continue to make my butt available to anyone who one who wants to make a donation. Is $100 too much to ask for a quickie?
Posted by: Barney F at September 24, 2011 10:27 PM (XjzEc)
I just figured out why Romney can't communcate with the "base" if you are the base... he uses too big of words.
I guess he needs to keep his vocabulary to a second grade level.
Because he says exactly what you say, only Romney says it better and more precisely with more precise language.
And the meaning of what he says just eludes you.
Guess the Perry grunting, is a language you understand better than English.
Posted by: petunia at September 24, 2011 10:47 PM (hgrmi)
Posted by: petunia at September 25, 2011 02:47 AM (hgrmi)
=====
If you are going to insult people over their ability to communicate, you might want to learn how to spell it.
Posted by: jc at September 25, 2011 01:54 AM (ufJKx)
"And Obamacare is the 3rd foot* (if you call Medicare the 2nd). That's why it's so critical to repeal it not reform it or tinker around the edges or try and make it work. I'm sure there are more than a few Repubs who, if they were President, would view Obamacare as a project - something that the Dems screwed up but -I- can make work! We can do two things. Either keep those guys away from the White House OR make it politically impossible for them to do anything but repeal it. Don't forget that Friedman quote... "
Romney, Huntsman, Perry, et al. Is there anyone who would rid me of this meddlesome scourge.
Posted by: davod at September 25, 2011 03:27 AM (C5U9L)
12. I settle for our side acting like a side.
But only against the Liberal/Socialist/Progressives.
Candidates must lay bare the diffferences between each other.
Posted by: davod at September 25, 2011 03:31 AM (C5U9L)
"I just figured out why Romney can't communcate with the "base" if you are the base... he uses too big of words."
Romnycare
Posted by: davod at September 25, 2011 04:15 AM (C5U9L)
Posted by: Paultard Who Makes Dumb Literary Allusions at September 26, 2011 03:41 AM (lNGfM)
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Posted by: Mitt Romney at September 24, 2011 12:15 PM (lNGfM)