Social Security
The Perils of Privatization

The Conservative Plan for Social Security Is “An Absolute Disgrace”
Sen. John McCain's comment last week that it's an "absolute disgrace" that current workers pay for the Social Security benefits of current retirees was bad enough, but the conservative policy alternative, and the fear-mongering that comes with it, is even worse. Here's how to attack it.
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Why Social Security?
A conservative assault on Social Security was turned back during President Bush’s second term. But we have a long way to go before all Americans can count on dignified rest after years of hard work.... more »
The Case
Retirement with Dignity
We need to make it possible for all Americans to retire with dignity at the end of a lifetime of work. more »
The Privatization Threat Is Back
Prominent Republicans have come out publicly in past weeks stating that, given the chance in 2007, they will push Social Security privatization again. This includes...
Facts & Resources
Less than half of workers participate in a retirement plan
Only a fraction of workers who participate in a retirement plan have access to a traditional kind of pension that guarantees income in retirement
The Social Security "crisis" is a right-wing myth
Social security assets assets, held in the form of U.S. Treasury securities, will last another 38 years
The News
Treasury Rekindles Social Security Debate
HSBC Releases Global Survey on the Future of Retirement
The Voices
The Right Message on Social Security
The truth, as honest financial analysts have always argued, is that Social Security is secure — and will be for decades if Congress agrees to minor reforms, such as requiring wealthy Americans to pay their fair share. more »
The Housing Crash and the End of Granny Bashing
This collapse was entirely predictably, and those who were concerned about the country's long-term financial situation should have been out in the forefront warning of the dangers posed by an $8 trillion housing bubble. Unfortunately, these folks were too busy trying to cut benefits for the elderly to pay attention to such trivial developments.more »
Latest from our Bloggers
10:29 am
Sen. John McCain, I'm one of your friends, right? The kind of friend who can handle some of your special brand of Straight Talk™.
So why won't you just tell me you hate Social Security? more »
11:46 am
Like an “American Idol” reject, John McCain keeps warbling George W. Bush’s greatest flops.
The latest is Social Security privatization, a proposal so roundly rejected by the American people when Bush tried to foist it on the nation in 2005 that even a solidly Republican and sycophant Congress couldn’t swallow it. more »
9:18 am
Another 0-for-3 day for the Watchdog. more »
1:57 am
Apologies for a belated Weekend Watchdog post, as I'm back from a vacation and long flight delay. But as usual, on Sunday at 4 PM ET, tune in to Air America Radio's "Seder on Sundays" program, where I'll offer the Weekend Watchdog Wrap-Up.
For Secretary of State Condoleezza Rice (ABC's This Week) and Sen. John McCain, R-AZ (Fox News Sunday): Time Magazine reported this week from Pakistan:
...as [Musharraf's] regime cracked down on lawyers, journalists and human-rights activists, it agreed to a cease-fire with a powerful militant leader who had taken 213 soldiers hostage in the lawless northwestern region. The irony was not lost on Asma Jahangir, Pakistan's best-known human-rights activist, who wrote in an e-mail from house arrest, "Those [Musharraf] has arrested are progressive, secular-minded people, while the terrorists are offered negotiations and cease-fires."
Yet, Condi Rice and President Bush have continued to describe Musharraf with kind words and have refused to take any substantive action in response to his dictatorial crackdown. And McCain has not criticized the White House for continuing to provide aid to Musharraf.
You claim your foreign policy is to defeat terrorism by promoting democracy. Isn't this further evidence that your actual foreign policy does neither? more »
10:04 am
We were hoping to hear some tough questions asked of Secretary of State Condoleezza Rice and Republican presidential candidate Sen. John McCain on the Sunday talk shows. more »
8:30 am
Did the Sunday talk show hosts pose our Weekend Watchdog questions? more »
1:17 am
Every Friday in our Weekend Watchdog feature, we post suggested questions for scheduled Sunday guests. You can add your own questions in the comment thread. We'll also include contact information for the shows, so we can let them know what their viewers want asked.
Then on Monday, we'll circle back and see if our questions were asked and answered. Let's take back our media!
For Secretary of State Condoleezza Rice (CBS' Face The Nation): You did not claim executive privilege when you were asked to testify under oath to the 9/11 Commission.
Isn't it inconsistent to claim executive privilege now, when you've been subpoenaed to testify about the White House charge that Saddam Hussein sought uranium from Niger? more »
4:10 pm
Yesterday, President Bush made three significant recess appointments, installing officials without Senate confirmation during the congressional recess.
The abuse of the recess appointment perhaps isn't Bush's most egregious attack on our Founders' carefully crafted system of checks and balances, since others before him have exploited this constitutional loophole.
But the implicit reasons behind each appointment are quite egregious, and each in their own way.
The one that's gotten the most attention is Sam Fox, our new Ambassador to Belgium.
It's typical, if still highly inappropriate, for cronies of the President to get cushy Ambassador gigs.
But Sam Fox wasn't just a big donor of Bush. He gave $50,000 to the Swift Boat liars that smeared John Kerry's war record.
Of course, the Bush campaign always insisted it had nothing to do with the smear merchants, even though the group had ties to Karl Rove.
But to go the extra mile after being stiff-armed by the Senate, to appoint a major backer of filthy politics to a major post, shows how politics are played in the conservative movement.
Get dirty now, get rewarded later. No consequences for your actions. No disincentive to smear again.
The second is Andrew Biggs, to become the #2 man at the Social Security Administration.
Biggs is not only committed to the dismantling of Social Security via privatization. As associate commissioner of SSA, he was behind an effort to use the agency to pump out misinformation and undermine support for the program.
He is one of the many examples of how the White House is trying to cripple the civil service, and prevent our government from providing us with objective, factual information.
Finally, we have Susan Dudley becoming administrator of the Office of Information and Regulatory Affairs, also known as the "regulatory czar" because it reviews regulations throughout the government.
OMB Watch explains her significance:
"Dudley's record is one of anti-regulatory extremism," said Rick Melberth, Director of Regulatory Policy at OMB Watch. "She has opposed some of our nation's most basic environmental, workplace safety and public health protections."
Dudley has falsely proclaimed ground-level ozone to be beneficial, opposed ergonomic standards to protect workers from repetitive stress disorders, and even suggested that airbags should never have been mandated in automobiles.
This is also a big part of the conservative game plan to cripple the civil service.
When civil servants try to implement laws passed by our democratically-elected Congress, like say the Clean Air Act, folks like Dudley are installed to bring the hammer down, prevent the law's implementation, and put the special interest ahead of the public interest.
The abuse of the recess appointment weakens our system of checks and balances. But the specific people appointed threaten to do even greater harm.


