Gary Burtless of Brookings and I were guests this morning on New Hampshire Public Radio's "The Exchange," hosted by Laura Knoy (who did a terrific job with an often-confusing subject). It's a good thing this was on public radio, where bashing your opposite number isn't mandatory, since Gary and I offered more of differences in emphasis than outright disagreement. Agreement is in sight, as long as you don't need to get Congress to sign off on things. You can listen to the program online here.
Thursday, February 18, 2010
Discussion Social Security reform on New Hampshire public radio
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I'm an embarrassed, "I'm entitled" senior, who for far too long has ignored the other side of my brain, which is screaming "who's obligated" if you're entitled. Government's assault on middle class America created a weapon of monetary destruction (WMD) with the singing of social security reform legislation in 1983, that took social security funding from a pay as you go taxing structure ($1 in - $1 out), to a pay in advance taxing scheme ($5 in - $4 out -save extra $ for now retiring 78 million boomers). 25 plus years later, and the SS taxing scheme has turned a 2.5 trillion dollar (that extra tax $ has grown) potential asset into a 2.5 trillion dollar liability, that will have to be paid again plus interest. That's financial water boarding, and my 15 grand children are entitled to something better than an "I'm entitled" grandpa, hiding behind the skirt of a Tokyo Rose PR campaign put forward by AARP. Working middle class Americans are the horse we all ride to our prosperity, and treating them like rented mules, will result in a society that, well acts like rented mules! To this end, a soon to be launched "community based" solution to the issues surrounding social security has been put forward, and If you have a problem being referred to as “I’m entitled”, or if you have an “I’m entitled” member of your family, then discover a way to shed that image at: www.americaretoday.com
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