Multimedia

Isaiah J. Poole's picture

The New Effort To Steal Social Security

An extravagantly funded campaign is underway to, in effect, steal Social Security benefits from future retirees and starve Medicare and Medicaid programs, says William Greider, who has written a cover story in The Nation exposing this effort. Grieder explains in this interview why citizens should be prepared to mount a grassroots effort now to preempt this attempt to undermine retirement and health security for millions of Americans.

The leader of this effort is former hedge fund manager Pete Peterson and his Peterson Foundation, perhaps best known for bankrolling the film "I.O.U.S.A." That film makes the one-sided argument that the nation is facing a fiscal crisis that can only be addressed through substantial cuts in "entitlement" programs, including Social Security. Peterson's goal is to have a commission write a set of recommendations, that would be characterized as the only plausible solution to the country's long-term fiscal challenges, that Congress would rubber-stamp. In reality, there are several approaches to lowering the nation's debt that should be up for debate that do not involve taking funds that people have paid into the Social Security and Medicare systems.

Peterson has assembled a bipartisan group of prominent people who "think they have a way to slip this past the American people," Greider said. What must happen, he said, is that citizens should respond by telling their representatives in Congress, "If you vote to gut Social Security benefits, you're on our list and your career is doomed."

Isaiah J. Poole's picture

Thinking Forward In The Deficit Debate

The campaign that the Peterson Foundation has launched around what it calls the $56 trillion "threat" of unfunded health care and Social Security obligations is "misplaced and much too narrow," says Miles Rapoport, the president of Demos. It's imperative that progressives start presenting a different side of the argument, and Rapoport says in this interview that there are good examples beyond our shores of countries that are using the right approach.

Rapoport cites as one example France, which does have higher taxes than the United States but provides a more secure economic foundation in which both workers and businesses can thrive. This, Rapoport explains, is "a high road to fiscal responsibility" in contrast to the road that would invariably lead to greater economic insecurity and less shared prosperity.

As for the United States, Rapoport explains why "we don't need just a stimulus package...we need a fundamental economic restructuring" that enables our economy to evolve into "a public purpose economy."

Rapoport is one of the panel moderators at the "Thinking Big, Thinking Forward" conference in Washington on February 11.

Isaiah J. Poole's picture

Fighting For The Economic Recovery Plan

Rep. Chris Van Hollen, D-Md., and representatives from labor and business groups came together Tuesday to make the case for the economic recovery plan that the House is expected to vote on this week. They were at a news conference that featured some of the key arguments that should be made to lawmakers in support of the legislation, which generally adopts the principles of the Main Street Recovery Program of the Campaign for America's Future.

Isaiah J. Poole's picture

Talk Back To The Anti-Spending Crowd

The movement to cut federal spending on entitlements and public infrastructure is getting more aggressive even during a time of public agreement on the need for increased federal spending to address the economic downturn. Here's why progressives should not be afraid to argue for a larger public role in ensuring a sustained, broad-based prosperity. We talk to Dean Baker of the Center for Economic and Policy Research.

Isaiah J. Poole's picture

Why "Overwhelming Force" To Fix The Economy

Scott Lilly, senior fellow at the Center for American Progress, answers questions about the findings in his report, "Pumping Life Into the U.S. Economy," and explains why an economic recovery package should be much larger than the one being proposed by the Obama administration.

Isaiah J. Poole's picture

Progressive Caucus Seeks Bailout Conditions

Rep. Raul Grijalva, D-Ariz., talks to OurFuture.org about President-elect Barack Obama's request to Congress to release the second installment of Wall Street bailout funds. Grijalva, the new co-chairman of the House Progressive Caucus, says that while Obama has made good promises about how he will handle the $350 million in funds, "I think we can do more." Grijalva calls for more accountability and transparency than the public has received from the Bush administration. Grijalva had made a presentation to the Tuesday Group, organized by the Campaign for America's Future.

Susan Ozawa's picture

Can Obama Stimulus Plan Create Jobs?

Isaiah J. Poole's picture

"A Rapid Unraveling Of The Economy"

Economic Policy Institute president Lawrence Mishel puts in context the January 9, 2009 unemployment report, which recorded an unemployment rate of 7.2 percent. "We are facing an economic catastrophe," he says in this interview, because of the "anything-goes" economic policies of the Bush administration, which relied on top-end tax cuts that did not succeed in generating job growth or working-class wage growth even in good times. Mishel makes the case against a continuation of tax-cut-oriented conservative economic policies.

Bill Scher's picture

News Conference: The Case for Public Plan Choice in National Health Reform

Chair of the House Ways and Means Health Subcommittee Pete Stark, Co-Director of the U.C. Berkeley School of Law Center on Health, Economic and Family Security Jacob Hacker and Co-Director of the Institute for America's Future Roger Hickey led a media conference call on December 17, 2008 to release Hacker's new report, "The Case for Public Plan Choice in National Health Reform."

Susan Ozawa's picture

Katrina vanden Heuvel on the Right Stimulus