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Jewish World Review
Aug 8, 2012 / 20 Menachem-Av, 5772
Soc Sec Propaganda: the Left's Greatest Triumph
Political propaganda is a powerful thing. When it is married to economic illiteracy, people can be fooled into voting against their own best interests. Yesterday, a bit of economic reality was introduced into the Social Security debate. To wit: "People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It's a historic shift that will only get worse for future retirees, according to an analysis by The Associated Press."
What debate? One of the most successful bits of propagandizing by leftists has been their ability to convince a majority of Americans that they are better off sending their Social Security payments to that giant federal sinkhole Washington, D.C., instead of putting them into a private account with their own name on it.
In terms of propaganda coupled with economic illiteracy, it doesn't get any better than that.
With all due respect (or lack thereof), one has to be dumber than the proverbial brick to think the same politicians who run trillion dollar annual deficits that have given us a $16 trillion national debtand countingbear the slightest resemblance to fiscally responsible stewards. The only thing dumber is believing that one's Social Security funds are protected in a government "lockbox."
Let me tell you what's really in that so-called lockbox: a boat load of government IOUs totaling approximately $2.6 trillion. All the money Americans send to Washington to fund Social Security is spent right away. This allows politicians to do two things: promise more "free" goodies to the dim-bulb set, and partially mask the real level of irresponsible spending going on.
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What else don't some of the economic illiterates know? They don't know that Congress can change the terms of the deal anytime they want to. Not that they haven't gotten hints. From time to time there are stories about how upset Social Security recipients are when the cost of living increase that is supposed to keep their checks in line with inflation, doesn't quite keep pace. In fact, a lot of recipients got real upset when there was no cost of living adjustment in both 2010 and 2011, because the index used to calculated it showed little or no inflation.
If government cooks the books, it's called politics. If a bank holding your private Social Security funds tries to manipulate the interest rate on your account, it's called fraud.
Of course anytime anyone speaks about privatizing Social Security, the libs get a severe case of the vapors, and spin dark stories about how Americans are utterly incapable of maintaining their own retirement accounts. Compared to whom? Re-read the above regarding the "superior" fiscal stewardship of the political class. And while you're at it, remember that millions of American somehow manage to handle their very own IRAs and 401K accounts without such help.
What about stock market crashes? Who says one has to keep one's money in the stock market? A reasonable plan could be worked out where Americans would be required to keep their retirement savings in safe investmentsor sign a waiver if they wish to roll the dice. Either way, Americans would be in control of their own moneywhich is why big-government, the state-is-everything leftists can't stand the idea. In short, putting your retirement money in a private account represents freedom. Sending it to Washington, D.C. represents bondage to the state.
The AP has laid out where such bondage is leading. Yet as of now, Americans have been convinced they prefer bondage to freedom.
Here's hoping they snap out of it.
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08/06/12: Harry the Weasel
08/03/12: First They Came For My Chicken Sandwich . . .
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07/24/12: Obama's 'You Didn't Build That' Was No Gaffe
07/17/12: LIBOR: Another Symptom of the Same Disease
07/09/12: Dear Mr. Romney
07/02/12: Different Shades of Lipstick on the Same Socialist Pig
06/27/12: We're Going to Do What We Want, and We Dare You to Stop Us
06/25/12: Fast and Furiously Diverting Attention from the Economy
06/20/12: So Much For Stopping the Leaks
06/18/12: Another Feckless Attempt to Change the Conversation
06/12/12: Mr. Obama's Latest Fantasies and Fabrications
06/04/12: Progressivism: An Adolescent Ideology
05/21/12: Drones Against Democracy
05/17/12: Pay Up --- Or Else
05/07/12: A Tale of Two Women
05/01/12: 2012: The Economic Paradox No One Wants to Talk About
04/23/12:2012: A Referendum on Our National Character
04/13/12: Feel This
04/11/12: Teaching Dependency
04/04/12: Network News Shapers
04/02/12: Stabbing Israel in the Back Is More Like It
03/19/12: Gas Pains and Debt Bombs
03/12/12: Israel Under the Bus
03/05/12: Baby Steps Down the Road to Depravity
02/27/12: Debasing Our Military, One Politically Correct Moment After Another
02/20/12: The 'New Normal' of Rampant Illegitimacy
02/13/12: Sandwiches or Freedom?
02/10/12: Progressive Obsolescence
02/06/12: Safeguarding Kids No Match for Following Procedure
01/29/11: 2016: R.I.P. GOP
01/26/11: Obama's Happy Talk Versus Bernanke's Action
01/23/11: South Carolina Goes for the Media-Masher
01/17/11: Nuking the Strait of Hormuz?
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01/06/11: Will We Retire Obama --- or the Constitution?
01/03/11: Dumb -- or Disabled?
12/27/11: Islamists Celebrate Christmas
12/19/11: A Deficiency of Decency
12/16/11: Better a A War On Whiners Than Christmas
12/12/11: Anybody But Obama
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12/05/11: Can We Keep Our Republic?
11/28/11: Cyber Crack-heads
11/21/11: Water Water Everywhere, But Not a Drop to Think
11/18/11: Walking along Avenue J(ew)
11/09/11: Military Scandal, Media Blackout
11/09/11: Open-Mics and Closed Minds
11/07/11: Back in the EU--SSR
10/31/11: Camping Out in La-La Land
10/14/11: Bagman Tim
10/13/11: Are Colleges Too Big to Fail?
10/11/11: Why aren't they upset when their child is mugged in school?
10/07/11: I Stand With the One Percenters
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09/29/11: Tim, Liz and Bev Equals Moe Larry and Curly
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09/01/11: Summer Swoon
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08/11/11: Resign, Mr. President
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08/03/11: Manufactured Crises
08/01/11: Stay Healthy, America --- or else!
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07/18/11: News Nuggets
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06/30/11: Progressivism Masquerading as Education
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04/14/11: Trumping the Debate
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02/10/11: Is O'Reilly losing his touch or is he just irresponsible?
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02/03/11: Starving the World In Order to Save It
01/31/11: Walking the Middle East Tightrope
01/27/11: Small-scale Terrorist Attacks: Big Strategy?
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12/27/10: PC Airport Safety is an Oxymoron
12/23/10: Getting America Back On Track
12/20/10: A Collectivist Coalition of Convenience
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12/08/10: A Lethal Military, Inclusive or Not
12/06/10: The Unexpected Consequences of Progressivism
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11/29/10: We Won, Part One
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11/17/10: Grope and Change
11/14/10: Taking Back Our Country, One School At a Time
11/11/10: Checks (and Balances), Please
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11/04/10: Last Chance, Republicans
11/01/10: By Their Own Words Shall Ye Know Them
10/28/10: Progressive Determination to Undermine American Elections
10/25/10: Shock, but more importantly, action: De-Unionize Public Schools now
10/20/10: Multiculturalism? Check, Please
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10/11/10: Vote for Restoring the Rule of Law in November
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10/07/10: Hypersensitive Hogwash
10/04/10: Comprehensive Con Artists
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09/17/10: No More Lesser of Two Evils
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09/13/10: Bigots in the Majority --- Again?
09/09/10: Giving Voters Something to Vote For
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09/02/10: War Weary Americans vs. Implacable Islamists
08/31/10: A Dream Debased
08/25/10: American Bigots Versus Media Propagandists
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08/19/10: An Unholy Alliance of Radicals
08/16/10: You've Lost America, Mr. President
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08/06/10: Incremental Tyranny
08/04/10: Ground Zero Mosque: Context Counts
08/02/10: The Arizona Ruling: a Gift for November
07/29/10: The United Cities of America
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07/20/10: Go For Broke Or Get Out of the Way
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07/08/10: Extortionist Government
07/06/10: Commerce Clause Totalitarians
07/01/10: Another Public School Travesty in MA
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06/28/10: A Trifecta of Progressive Corruption
06/23/10: Plug the Darn Hole --- In Our Border
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06/16/10: Betraying Our Children
06/14/10: Who Gets the Benefit of the Doubt?
06/07/10: Politically Correct Warfare
06/01/10: Bill Maher's Black President
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05/19/10: The 'Unintended Consequences' of Liberalism
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05/12/10: Union Audacity: Yes We Will!
05/10/10: Greeks, Leaks and and Double-Speak
05/05/10: Twelve Million Illegals --- or Thirty?
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04/28/10: Arizona: Progressivism's Waterloo?
04/26/10: Son of Amnesty
04/22/10: Mortgages and Moral Meltdowns
04/20/10: Bashing Christians Or Gays?
04/15/10: Personal Integri-tea
04/12/10: Fools, Tools and Ghouls
04/08/10: (Tea) Party On
04/05/10: The Triumph of Mediocrity
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03/29/10: The Innate Immorality of Liberalism
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03/22/10: I Want My Country Back
03/18/10: A Perpetual Process
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03/15/10: A Light Bulb Moment of Clarity
03/10/10: Little Things Mean A Lot
02/03/10: Budgetary Fork in the Road
02/01/10: Liberal Economic Illiteracy
01/27/10: Roe-ing and Wade-ing Back to Reason
01/25/10: Arrogance When Up, Denial When Down
01/20/10: Connecting the Educational Dots
01/19/10: The Next Tea Party?
01/15/10: The Myth That Keeps on Giving
01/13/10: Airport Security Begins Away From the Airport
01/11/10: Secrets and Lies
01/08/10: Embracing Bigotry or Rejecting Bullying?
01/06/10: Hanging by an Ideological Thread
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12/30/09: A Day Off
12/28/09: Dangerous Myths
12/25/09: I, Me, Mine
12/23/09: A Very Harry Christmas
12/21/09: My Opinon
12/18/09: The Party of Repeal
12/15/09: Privileged Exemption
11/30/09: Settled Science and Unsettled Children
11/30/09: American Sharia Law
11/23/09:The Trial (Travesty) of the Century
11/04/09: American Vampires and Their Political Enablers
11/01/09: Opting Out of Insanity?
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10/26/09: Communism: Nazism With Better PR
10/21/09: Just Asking
10/16/09: Cost Projections vs. Actual Costs, or Hope and Change vs. Reality
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10/07/09: Incremental Insidiousness
10/05/09: MIA: Common Sense and Common Decency
09/30/09: Iran: Bad Options and Unpreparedness
09/21/09: Crying Racism: the Last Refuge of Scoundrels
09/11/09: 9/11 Cannot Be Sanitized
09/08/09: Truthers and Consequences
09/01/09: A Paper Trail Challenge for the Mainstream Media
08/31/09: Drowning in Amorality
08/26/09: The Republican Recovery Program
© 2011, Arnold Ahlert
Richard Z. Chesnoff
Frank J. Gaffney
Victor Davis Hanson
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