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Thursday, January 08, 2009

Washington Post's jihad against Social Security:

Fred Hiatt is working hard. Look what was in the paper three days in a row.
  • Wednesday (article): ... mounting debt has raised an alarm on Capitol Hill, where some Republicans and moderate Democrats are pressing Obama to tackle the looming challenge of skyrocketing Medicare and Social Security spending, and to adopt tough new budget rules to prevent future deficits from ballooning.

  • Thrsday (editorial): Over the long run, investors will finance the U.S. government at reasonable rates only if it tackles its huge unfunded health-care and pension commitments. Unchecked, the cost of providing Social Security, Medicare and Medicaid to 77 million retiring baby boomers could push the debt-to-GDP ratio up to nearly 300 percent by 2050, according to a December 2007 CBO report.

  • Friday (editorial): As Mr. Obama knows, the deficit would still be immense even if he eliminated all the waste he could find. A truly "unprecedented" effort would be one that attacked the structural threats to the federal government's solvency: Medicare, Medicaid and Social Security.
H/T: Dean Baker has been monitoring the Washington Post (and the New York Times) for instances where the basically sound Social Security program is lumped with Medicare and Medicaid in order to make the federal retirement insurance program look bad.



3 comments

**Yawn**

So the corporate elite despise Social Security. I'm shocked.

In other news, "Screwdrivers are used to tighten and loosen screws. More after the break."

By Anonymous Screamin' Demon, at 1/09/2009 10:26 AM  

Obama is indeed a clever politician.

I'm hoping all this kumbaya talk about getting along with the GOP is Chicago-speak for "watch your back."

By Anonymous John O, at 1/09/2009 5:09 PM  

All you have to do to 'fix' Social Security is increase wage growth.

By Anonymous American Citizen, at 1/09/2009 7:06 PM  

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