Krugman Shows Why Media Will Never Support Social Security Reform
There's little debate in America that with baby boomers retiring, Social Security and Medicare are on a collision course with bankruptcy.
Regardless of this inconvenient truth, powerful media figures like New York Times columnist Paul Krugman stand in the way of any meaningful reform to these programs that might lead to their long-term viability.
Krugman proved that once again in his…
Obama Incorrectly Tells Jon Stewart Social Security Was Originally For
For a man who thinks Social Security is the most important social safety net we have in America, Barack Obama appears to know very little about its history.
Consider that on Wednesday, the President actually told the "Daily Show's" Jon Stewart that Social Security benefits originally only applied to widows and orphans (video available here, transcript and commentary follow):
'Brace' for No Change: AP Frets Steady Social Security Payments Mean S
The consumer price index is holding steady, so that means no “cost of living adjustment” upward in Social Security payments in 2011, prompting the Associated Press to distribute on Monday night a lengthy dispatch reciting complaints from seniors about the supposedly intolerable situation: “Senior citizens brace for Social Security freeze.” Without mentioning how recipients received a very…
Thomas Friedman Bashes Tea Party, Wants Better More 'Centrist' Movemen
New York Times correspondent Thomas Friedman is clearly unhappy about the Tea Party, so much so that he considers the movement "not that important."Instead, he envisions another group, "which stretches from centrist Republicans to independents right through to centrist Democrats," sitting silently out there in America waiting for the right leader to emerge.So wrote Friedman Wednesday in his "The…
Obamanomics Open Thread: Poverty on Track for Record Gain in
For general discussion and debate. Possible talking point: Here's change you can believe in!The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.Census figures for 2009 - the recession-ravaged first year of the Democrat's…
Blinders Securely Fastened, Rachel Maddow Proclaims 'There is No Milki
Looking for someone to investigate theft and questionable spending in government programs? Think twice about hiring Rachel Maddow. The earnest MSNBC polemicist has deemed such a thing impossible, at least when it comes to Social Security.Reacting with the reptilian defensiveness of liberals whenever conservatives suggest Social Security is unsustainable, Maddow made this whopper of a claim on her…
Chris Matthews Blatantly Misrepresents Bush's Social Security Reform P
Chris Matthews on Friday blatantly misrepresented former President George W. Bush's plan to reform Social Security in 2005."If George W. Bush had gotten his way and privatized Social Security and tied it to the stock market, your constituents would be 100 percent Democrats now -- 100 percent! -- because they`d be looking at their Social Security checks shrivel to nothing because they`d be based…
NYT: 'More Americans - Not Just the Rich - Will Have to Pay More Taxes
The New York Times on Tuesday declared what most conservatives knew would happen if Democrats took control of both Congress and the White House: "more Americans - and not just the rich - are going to have to pay more taxes."In its editorial comically titled "A Real Debate on Taxes," the Times predictably argued for a total elimination of the Bush tax cuts, although it favored some partial delay…
'Nightly News' Skips Social Security's 75th, Highlights Children's Car
Children must be making the news programming decisions at NBC "Nightly News." Aug. 14 was the 75th anniversary of Social Security, the largest government program and most troubled. Social Security is in the red this year - six years ahead of forecasts. The program faces a $41 billion shortfall this year alone. The major anniversary of a program often nicknamed the "third-rail" of politics…
Obama Demagogues Social Security in Radio/Net Address; AP and Erica We
Don't they usually wait until after Labor Day to do this? Ten days ago, I asserted that that the administration's cynical use of Andy Griffith for a patently political promo on behalf of Medicare ("This year, as always, we’ll have our guaranteed benefits, and with the new healthcare law, more good things are coming: free check-ups, lower prescription costs") was "the foundation for the biennial…
Ed Schultz Blames Republicans For All The Unemployed People In America
Ed Schultz on Thursday blamed Republicans for all the unemployed people living in America today.As he began the most recent installment of the "Ed Show" on MSNBC, the host said, "The Republican Party has been on a crusade against the middle class and the poor for the last 30 years. We're now seeing the wreckage of that race to the bottom line culture."He disgracefully continued, "Today a…
Jon Stewart Vulgarly Attacks GOP Concerns for Rising Taxes and Deficit
Comedian Jon Stewart on Wednesday joined the growing liberal chorus attacking Republicans for their concerns about rising taxes and exploding budget deficits.
The only thing different about the "Daily Show" host's approach was that he needed vulgarity to make his point.
Potentially even worse, Stewart in his opening segment Wednesday actually used CNN's Fareed Zakaria to support his view that…
Social Security: Government 'Ponzi' Scheme Turns 75 with $41 Billion S
This is a historic year for the largest government program: Social Security, which turns 75 in just a few days. The program is also running a deficit for the first time since 1983, and ahead of estimates. Initially, Social Security was created to provide supplemental income to elderly and disabled people who could not work, and was signed into law by President Franklin D. Roosevelt Aug.…
Paul Ryan Strikes Back at 'Intellectually Lazy' Paul Krugman
Republican Congressman Paul Ryan of Wisconsin has struck back at Paul Krugman calling the New York Times columnist "intellectually lazy."As NewsBusters reported Saturday, Krugman wrote an article the previous day castigating Ryan as "The Flimflam Man" calling the Congressman a "charlatan" and a "fraud" while claiming his "Roadmap" to balance the nation's budget was "drenched in flimflam sauce…