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Showing posts from September, 2010

Social Security Under Attack... Again

From IDOM:

One could easily be forgiven for thinking the Baby Boomers appeared out of nowhere. The way it’s presented in the media, it would seem they just suddenly appeared -- near retirement, of course -- with their hands cupped firmly open, waiting to be paid. They’re going to break Social Security! Ever since I can remember, this has been the spin. Because “big government” can’t do anything right, all the money you paid in is hopelessly lost. This is a fundamental, and cynical, misunderstanding of Social Security. It’s a distortion of both what it is and how it works -- and convenient cover for those who want to dismantle and privatize it.

But first off, what about those Baby Boomers? Did people really not notice they were packing four or five lunch boxes instead of two or three after the second World War ended? Well, of course they did. And so did the government. In fact, it was the now infamous but then-rockstar Alan Greenspan, along with the conservative…