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Excerpt: "'Atlas Shrugged' is a fantasy ... the book is a perennial favorite among adolescent boys. Most boys eventually outgrow it. Some, however, remain devotees for life."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)


Ryan's Ayn Rand Devotion

By Paul Krugman, The New York Times

24 August 12

 

So far, most of the discussion of Paul Ryan, the presumptive Republican nominee for vice president, has focused on his budget proposals. But Mr. Ryan is a man of many ideas, which would ordinarily be a good thing.

In his case, however, most of those ideas appear to come from works of fiction, specifically Ayn Rand's novel "Atlas Shrugged."

For those who somehow missed it when growing up, "Atlas Shrugged" is a fantasy in which the world's productive people - the "job creators," if you like - withdraw their services from an ungrateful society. The novel's centerpiece is a 64-page speech by John Galt, the angry elite's ringleader; even Friedrich Hayek admitted that he never made it through that part. Yet the book is a perennial favorite among adolescent boys. Most boys eventually outgrow it. Some, however, remain devotees for life.

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+6 # algernon0509 2012-08-24 06:50
Is there any wonder? If you take the letters in Ryan's last name and match them with the letters in Ayn Rand's first name and first initial of her last name....you have a match! Maybe he thought they had more in common than letters of the alphabet!
 
 
+67 # Barbara K 2012-08-24 06:51
Paul Ryan is one despicable person who wants to control people's lives. He is no better than the Kochs, just not as rich. His hero has always been Ayn Rand and he has said so many times. I guess this adds new meaning to "You are known by the company you keep". We must get this creep out of our government permanently.

DON'T VOTE REPUBLICAN at any level, we have states that need cleaning out too.

DO VOTE and vote Democratic, vote as if your livelihood depends on it, as it certainly does.
 
 
+1 # davidhp 2012-08-24 10:02
DO VOTE and vote Democratic, vote as if your livelihood depends on it, as it certainly does.


Unless you are one of the G.I.s who will die under the current administration' s never ending war foreign policy.
 
 
+20 # Todd Williams 2012-08-24 14:01
Sure, vote for Romney, the man who has promised us another Republican-star ted war, this time with IRAN. Smart move.
 
 
+82 # MEBrowning 2012-08-24 07:12
A significant population within the Republican Party, evangelical Christians, might be dismayed to learn that Paul Ryan's great philosophical heroine was an atheist — not the kind who advocated religious tolerance but the kind who looked down her nose at any person of faith.

Ayn Rand's objectivist philosophy preached greed and selfishness over altruism and community. Yet, she herself received Social Security and Medicare benefits under her married name.

A bigger hypocrite we couldn't hope to find — until, of course, Paul Ryan came along.
 
 
+44 # bmiluski 2012-08-24 08:28
And lets not forget the 23 tea-bags in Congress who are collecting over $8 million in farm subsidies, aka handouts.
 
 
+44 # James Smith 2012-08-24 09:29
Keep in mind that social security is money each person pays into during their lifetime. So it isn't a "government handout" it's your own money, borrowed at no cost by the government and often never completely repaid.

Medicare is much the same. So to try to recoup at least part of what you paid before you die and the government confiscates the rest is not greed, it's good sense.

Having said that, I'll also say the Romney/Ryan ticket is possibly two of the most evil, self-centered jerks in the USA. Even George W. Bush would be better than these two. At least we can deal better with simple stupidity.
 
 
+21 # ghostperson 2012-08-24 11:29
Correct. Moreover federal workers' pensions are the same under the civil service system (CSRS). I worked for the government for 35 years. It took 7 1/2% of my gross income for that entire period. A no interest loan for 35 years. 35 years of "float." For a period, it even extracted Medicare of 1.34% although feds were unable to receive it. To those who complain about fat cat retirements, I reply: I paid my way, let the government use my money for free. My pension is not a gift. Federal pensions, like other pensions, used to be a norm. They are now "fat cat" benefits, unfair ones to plutocrats, only because they are among the last few defined benefit retirment programs left standing after the plutocrats got through blowing up the world and the dreams of average Americans. I want for others what I have. Affordable health care for which I pay the tab--not a supplemental policy--I pay for Medicare and have since the federal employees as a captive work force were put into the system for the government's benefit not ours and still pay the same rate for BCBS as I paid as an active employee. However, I am forced to use Medicare as primary and BCBS as secondary who under its contract will only pay what Medicare pays despite my paying the same amount as I paid as an active employee. In other words, I am paying full freight for a policy the masters of the universe (Big Ins and Big Govt) choose to treat as a supplemental policy. I am pissed.
 
 
-12 # shraeve 2012-08-24 12:10
Social Security is old age insurance. Rand was compelled by the government to purchase this old age insurance policy, so she was entitled to the benefits.

She never denied that she was going to accept Social Security, so she was not a hypocrite. If she had said she wasn't accepting it but she did accept it, that would have been hypocrisy.

One of her fans wrote to her and asked if they should accept Social Security. AR said yes, you paid for it so you can accept it.
 
 
+28 # MEBrowning 2012-08-24 13:59
Social Security isn't only "old age insurance." Children and others who have not paid into Social Security may also qualify for Social Security benefits. Sixteen-year-ol d Paul Ryan received it when his father died. Unemployed spouses who haven't directly paid into Social Security, and their children, may also qualify for benefits. Many people die prematurely or without spouses, and their investment, while it can't be recouped by their next of kin, helps to pay for others who need it.

For those of us who believe in an equitable society, this is a good system that helps to keep people afloat. In pushing hard to end Social Security for all Americans, Ryan is applying objectivist principles that he learned at the feet of Ms. Rand. The fact that he accepted Social Security benefits without having paid into it, but would deny it for the rest of Americans, including those who have already paid, is the height of hypocrisy.
 
 
+49 # Inspired Citizen 2012-08-24 07:29
Most readers must know by now that Ryan is a liar and a hypocrite, but he has more than that in common with Glenn Beck.

Last year Beck declared Ryan to be a virtual "soulmate."

http://www.sharethisurlaboutglennbeck.com/2012/08/beck-is-ecstatic-over-romneys-choice.html
 
 
+45 # wwway 2012-08-24 08:00
I love the way Ron Reagan (son of Ronald Reagan) described Paul Ryan as having a "protracted adolesence."
 
 
+18 # dick 2012-08-24 08:19
Ayn Rand would DESPISE her current crop of fake devotees. They favor struggle for the poor, Socialistic Subsidies for the CROOKED rich. She DESPISED crooks, especially BRIBERS. Like Adam Smith, she DESPISED people who tried to "rig" the economy via politics. These people cherry pick & corrupt Rand the way crooked clerics use holy books & churches for their personal advantage. Overall, considerable self reliance is a GOOD thing.
Like Jesus, Rant DESPISED hypocrites (other than herself).
 
 
+27 # MEBrowning 2012-08-24 09:02
Rand certainly didn't despise her protegé, Alan Greenspan, who applied Rand's objectivist theories to his economic decisions. And look what happened to our economy under his watch.
 
 
+15 # grandone@charter.net 2012-08-24 08:26
Yes, as the saying goes - and Prince Henry proved - "Boys will be boys." But when they become men, they should "put away childish things."
 
 
+18 # dick 2012-08-24 08:30
Cherry picking & corrupting Ayn is NOT devotion to Ayn Rand. It is USING her mantle to rationalize one's own anxiety inducing thoughts & behaviors. People torn about their dissonant key beliefs & behavior FIND some "authority" to alleviate their discomfort. They are perfectly willing to twist that source beyond recognition. Poor Jesus of Nazareth. ATHEISM is absolutely integral to Randism; no atheism (BLIND worship of contrived authority), NO Randism. Govt-Corp incest NOT Ayn Rand. Even Ayn was unfaithful to Randism. Impossible not to be. Thank god. Ryan is ALL FAKE.
 
 
+13 # MEBrowning 2012-08-24 09:08
You're right that self-reliance is a good thing. But respectfully, your definition of atheism is off the mark. Atheism may be integral to objectivism (Rand's philosophy), but that's doing a disservice to those who believe that blind devotion to a deity keeps the masses from achieving self-reliance. Atheism is the antithesis of blind worship.
 
 
+3 # shraeve 2012-08-24 12:26
Ayn was unfaithful to Randism, but not in the way most people think. She said she was going to accept social benefits that she was forced to pay for. Almost certainly, as the author of two perennial bestsellers, she paid far more into the system than she ever took out. So she was neither a hypocrite or a moocher.

She said that neither individuals nor nations should engage in the first use of force. That is, violence is for self-defense only. Sounds good.

But she condoned what was done to the native Americans by the European invaders. She said the natives had an obligation to "step aside". Step aside to where, Ayn? There was no "aside".

She also had an unwavering support for Israel. Did she really think the Zionist invaders practiced "no first use of force"?
 
 
+4 # brux 2012-08-24 19:30
> She said the natives had an obligation to "step aside".

Thanks, I had not heard that idiotic pearl of Randian wisdom.
 
 
+4 # brux 2012-08-24 19:28
I guess you'd be right if Ayn Rand had a "mantle". I think she was a mean short sighted old hypocrite
 
 
+28 # Vardoz 2012-08-24 08:45
We have 35 million people living in grinding poverty in our nation. It's like France just before the French Revolution. It is a travesty beyond words! Poverty kills men, women and children. While those at the top are swimming in wealth tens of millions live in life threatening situations, living in hunger in the richest nation in the world while those at the top horde their wealth at the expense of tens of millions of lives. Is this the Republicans and Obama's vision for the biggest developed nation in the world? We have regressed to a time that is now worse then the last Great Depression. Remember LBJ's war on poverty? He understood. And then Reagan tried to make it seem like these people are just sucking off the nation and our whole moral center died. And then Clinton ended welfare which was nothing compared to the corporate welfare that is being given away now at our expense! I am appalled and horrified that the American people have come to a place where having tens of millions of families live in squalor is OK! And don't think that these numbers will shrink. The relentless outsourcing of jobs with no consideration for the people of the nation or health of the economy will not stop. Notice the GOP has changed the conversation and no longer talks about jobs. It does not have to be this way. It will be trickle down poverty.
 
 
-32 # jtatu 2012-08-24 10:56
I remember LBJ's war on poverty. You have pretty much described the result of it. Too many people dependent on welfare, too many people in jail, too many single female teenagers having too many babies.
 
 
+13 # brux 2012-08-24 19:31
That's nonsense, the war on poverty was a step in the right direction and it worked. Go listen to the Sargent Shriver retrospective on PBS to understand.

What we have now is a war on the middle and lower classes ... you think that is better ?
 
 
+2 # Todd Williams 2012-08-25 04:50
And I'll just bet you're against birth control and abortion.
 
 
-1 # Patrice Ayme 2012-08-24 09:19
The Roman currency crisis of the Third Century was caused by Rome being, de facto, on the gold standard. That left a currency too small for the growing Roman economy.
Diocletian and his colleague solved the crisis with a command barter economy. In other words, a soviet system. Ironically, that is what going back to the gold standard would force the economy into. A more detailed version Friday on:
http://patriceayme.wordpress.com/
 
 
+3 # Barkingcarpet 2012-08-24 09:31
One can appreciate and agree with much of Atlas Shrugged, without being a profiteering bigot, etc.
Great story, with a lot worth considering and thinking about,and, as far as I am concerned, one major role of government, is to protect the commons of nature, and the basic rights of all beings and environments..........
Regulation of systems, and keeping them in line with the laws of nature, and a livable future, are a good thing, and not to be left to corporate, or any other entity out for short term $ profit, which is not a good gauge of much anything.
GMO's, Fracking, Nukes, etc, are an absolute failure of protecting the commons and the future health of life on this finite planet.
 
 
+3 # Todd Williams 2012-08-25 04:52
Crappy writing by a third rate author. Drivel for teenaged boys.
 
 
+3 # George Baggett 2012-08-24 09:39
It seems recent history of so-called "job creators" has proven MS Rand incorrect to a great extent. Our rich have become soft and about as educated as the medium of Americans. In discussion with a friend I noted a new form of John Galt removing himself from the work environment. This new Galt is not an average laborer, but an expert in how things operate and a manager of issues beyond the grasp of most upper management. Send these forms of Galt to a leisure resort camp for a few years and see what happens!
 
 
+6 # dick 2012-08-24 09:45
OOPS! YOU'RE RIGHT. I left out atheism="Anti-" blind worship of contrived authority. My bad. I know what atheism is, from personal experience. CELEBRATE Free THINKING!! Have Faith in people Reasoning Together. BELIEVE in Justice, Compassion.
 
 
+24 # Buddha 2012-08-24 09:49
The entire Randian belief system, and today the GOP's belief system, that our social programs are so generous that there are legions of lazy people happier to live on the dole than work, is pure lunacy and flies counter to any facts and statistics. It is like believing that homeowners in Hurricane Alley who have "socialist" government-aide d Flood Insurance causes hurricanes.

Let's face it, Randianism is just a justification for narcissism and greed. It is a way for these people to not recognize their own immorality and sociopathic beliefs, by turning it all around to believe that they are doing good by stepping over the bodies of the less fortunate and not paying back to the entire system that allowed them to become rich in the first place.
 
 
-36 # jtatu 2012-08-24 09:53
What are we to think of Pual Ryan?
One morning when Paul Ryan was sixteen years old he went in to wake his father up and found him dead of a heart attack. He assumed the role of adult at an early age, never having the luxury to pursue youthful drug use and the art of socialist revolution. What is most despicable about Paul Ryan is that he has had the nerve to write the House Budget for three years in a row. He's is brazen and heartless in advocating in that budget for a $5 trillion dollar reduction in federal spending over the next ten years! The House passed his budget three years in a row and three years in a row the Democratically controlled Senate has let it die in the upper house, without ever proposing a budget of their own. Paul Ryan seems heartless to me. He keeps wanting to cut government waste, he keeps wanting to put a halt to those big GSA conventions in Vegas and, worse, he keeps trying to make people look at that $16.7 trillion dollar deficit! The guy's no fun at all!
Party Hearty folks! At least until November.
 
 
+32 # MEBrowning 2012-08-24 11:01
You left out the part about Paul Ryan receiving Social Security benefits after his father's death, which he himself credits with helping to pay his college tuition. Yet, he campaigns on gutting the very program that gave him an opportunity to be where he is today.

If he really wanted to pare down the deficit, Ryan would advocate cutting wasteful spending by the Department of Defense, which is far and away more costly and than any program serving the elderly, women or the poor.
 
 
+16 # rockieball 2012-08-24 13:49
Yes I agree with you cut defense spending.
Do we really need another A-bomb? Do you know that the Defense budget in one year is more than what NASA gets? NASA has given us a lot of what we use today. Micro computers, cell Phones, Satellite TV, clear braces, water filters, U.V. sunglasses, memory foam and electric car batteries to name a few. Oh and also Tang.
What do wars give us because it should be department of war or offense not defense. They give us better guns and bomb that Americans are now using on themselves. They give us hate that never goes away. They give us widows and orphans, maimed soldiers, and death. Yet the Republicans was to cut NASA and increase defense (I.E Offense-war) spending.
 
 
+10 # reiverpacific 2012-08-24 20:33
Quoting jtatu:
What are we to think of Pual Ryan?
One morning when Paul Ryan was sixteen years old he went in to wake his father up and found him dead of a heart attack. He assumed the role of adult at an early age, never having the luxury to pursue youthful drug use and the art of socialist revolution. What is most despicable about Paul Ryan is that he has had the nerve to write the House Budget for three years in a row. He's is brazen and heartless in advocating in that budget for a $5 trillion dollar reduction in federal spending over the next ten years! The House passed his budget three years in a row and three years in a row the Democratically controlled Senate has let it die in the upper house, without ever proposing a budget of their own. Paul Ryan seems heartless to me. He keeps wanting to cut government waste, he keeps wanting to put a halt to those big GSA conventions in Vegas and, worse, he keeps trying to make people look at that $16.7 trillion dollar deficit! The guy's no fun at all!
Party Hearty folks! At least until November.

Isn't it rather the other way around?
Obama has had to try and work with an opposition which automatically, by default and regardless of any reasoning or negotiations, attempts to make him appear ineffectual, AT ANY COST including to the American populace, who may as well be categorized as collateral damage, in their mindless quest for power and dominion over all. Party on that mate!
 
 
+2 # Todd Williams 2012-08-25 04:54
Oh yes, we will party hearty on through the next four years with Obama at the helm. VOTE DEM!!!!
 
 
+2 # dick 2012-08-24 09:53
America is not on the cusp of Revolution....B y Somebody Else. Sexting in not pre-Revolutiona ry conduct, indicator. TOTAL Surveillance, etc., render that impossible. But we may soon see exchanges of very serious political violence, followed by MORE CONTROL. Obama was our last hope, & he turned out to be a Wall Street-MIC-Glob alCorp lap dog. Obama's duped groupies don't like to hear it, but he Totally BETRAYED them/us. Painful.
 
 
+7 # shraeve 2012-08-24 12:46
How would Romney be better?
 
 
-2 # jtatu 2012-08-24 09:57
Speaking of hypocrites check out the Obama's charitable contributions on their tax returns especially in the years they were making less than $300,000. That should tell you something about character.
 
 
+1 # brux 2012-08-24 19:33
yeah, what ?
 
 
+17 # Buddha 2012-08-24 10:14
"What does it say about the party when its intellectual leader evidently gets his ideas largely from deeply unrealistic fantasy novels?"

And Herman Cain, although I am not sure how many people even in the GOP thought of him as an "intellectual leader", got his 9-9-9 tax plan from a computer game, SimCity!!
 
 
+16 # dick 2012-08-24 11:04
Ayn Rand's books are not stupid, childish fantasy. They willfully ignore fundamentals about herd/pack animal human nature. But they lay the wood to self serving "public service" bureaucrats, corrupt politicians, fake competitors, &, yes, freeloaders. Our worst freeloaders are the filthy rich, who do not honorably earn their wealth. There's 3/4ths of the Debt, right there. Rand would absolutely despise the corrupt & shallow politicians who claim her. They are blood sucking parasites. Yes, she was a bitch. But she loathed leaches in high places. We should heed those warnings. See Wall St.
 
 
+7 # brux 2012-08-24 19:34
bull ... why is it in this fantasy world the only people are self-serving are the poor people, Mitt Romney is the poster boy for self-serving, he is not good in my opinion. he does not contribute his share to the country, but he wants to lead it? What a schmuck!
 
 
-3 # jtatu 2012-08-25 08:05
Romney contributed over $4,000,000 to charity in 2011.
 
 
+4 # reiverpacific 2012-08-25 09:00
Quoting jtatu:
Romney contributed over $4,000,000 to charity in 2011.

And I'll bet my kilted toosh that he wouldn't donate a tosser if it wasn't well and carefully-resea rched as TAX DEDUCTIBLE; that's how these people work o' starry-eyed, "yes-boss", well-wisher to the ruling class!
 
 
-2 # jtatu 2012-08-27 09:55
Charitable contributions are tax deductible. I guess you didn't know that.
 
 
+15 # Susan1989 2012-08-24 11:13
A sure fire way for a woman to fall into poverty is to have children she cannot afford. Denying reliable methods of birth control and abortion are a sure fire way of making sure that happens. Do the logic...this is what the GOP wants...lots of poor people who are dependent. Very sick.
 
 
+6 # shraeve 2012-08-24 12:49
Ayn Rand believed in the right to abortion.
 
 
-1 # Todd Williams 2012-08-25 04:58
Big deal. So did Hitler. What's your point?
 
 
+4 # Sensible1 2012-08-24 11:59
When the question of fairness is laid on the table in front of Republicans they immediately recoil and redirect a counter question of what about Obama, and what about those other people who scam the social safety nets and entitlements. As if Republicans concept of fairness relies on the real test of fairness burden which is placed upon the Democrats, middle class, and the poor to set the perfect example for which they are to follow. The opposite is true if they are in fact the party of conservative ideals they claim to be. Of course they are not.
 
 
+8 # Showme 2012-08-24 14:44
It goes nowhere trying to persuade so-called conservatives with arguments founded on morality, compassion or The Golden Rule. Social darwinism (little d intended) if deaf and dead to these concepts despite all the bible thumping. I think a better argument is made by pointing out that allowing the successful,weal thy and powerful to regularly modify the rules and strengthen their position at the expense of the less fortunate majority is wrong because it is UNSUSTAINABLE. The "job creators" and John Galts are sitting on their capitol for two reasons: 1)to spitefully sabotage Obama and limit him to one term 2)the average consumer's real wages (if she has a job)are lower than 40years ago and aggregate demand is so low that new enterprise isn't attractive, nevermind that taxes and regulation are at record low levels. The Golden Goose will soon be killed and cooked. Daddy Warbucks doesn't just own Boardwalk and Park Place; he owns every property on the Monopoly board. Time to redistribute the cards (Remember? FDR called for a New Deal Coincidentally the maldistribution of wealth is almost identical to that of 1928.) We can choose to play dealer's choice but it's only fair to make up the rules BEFORE the cards are dealt and then pretty much stick to them and not let the fellow holding all the gold (diamonds, hearts, whatever)name the trump suit. In other words if all the children are equal then the one who cuts the cake is the last to choose her piece. Fairness=sustai nability
 
 
+14 # moby doug 2012-08-24 15:27
I have to laugh at those touting Paul Ryan as a self-made boy who bravely went out into the world to support himself after his father died. Ryan inherited $8.5 million in family trust money. And where did that money come from? Largely from gov't roadbuilding deals his grandfather made. Yes, his massive inheritance is rooted in the gov't infrastructure money he constantly rages against. Oh, and don't forget he used Social Security $ to pay his college tuition.....the same SS he now wants to privatize so his Wall Street cronies can fatten on it. And don't forget he also wants to convert Medicare to private vouchers which will NOT be enough to pay for Americans' medical bills.....but will help bigshot HMO execs get even richer. Anybody not in the upper .01% who votes for Robme & Ryan is an utter chump.
 
 
+10 # cordleycoit 2012-08-24 15:58
I love the poor boy worked three jobs a day stories. He is very smart and know who turns the screws in Republican Land the Cruelest kingdom of them all.He has become rich in public service a failing of honesty. Not that his rivals are above that. He hates poverty and the poor. a born Kapo or Sherpa. He will serve his masters canine like, licking the right boots at the right time.
 
 
0 # JohnCDurham 2012-08-25 07:27
Uh. I guess. But, why not tell the harsh story. Ayn Rand was a full blown Sociopath. (In children we call it "Attachment Disorder", when the child gets larger with age, we call the child a Sociapath and we give up on them. This "Attachment Disorder" covers all or is a part of all, mental illness of everyone in the World.)

Come on. We can take it. Exiled gave it to us: http://exiledonline.com/paul-ryans-guru-ayn-rand-worshipped-a-serial-killer-who-kidnapped-and-dismembered-little-girls/
 
 
+1 # Brooklyn Girl 2012-08-25 08:41
Tell you what: if all these "superior" people genuinely think they are superior, then impose a 100% estate tax on their parents so that they are forced to make it on their own.
 
 
-2 # barbaratodish 2012-08-25 17:45
We need a writer to counter Ayn Rands negativity!We need a writer of any gender, race, ethnicity,an ANTI AYN RAND (I'd like to BE called Auntie Anything by my niece and nephew,but they are more likely to call me ANTI CHRIST!)A writer needs to show that most males, especially white males often mistake false,limited performance for real life experiences of self validity.Most males confidence is ego,drama based!Most male confidence is unconsciously based upon DEFENSIVENESS because most males are UNAWARE that instead of seeking self validity their penisesbecome their validity!As a result we have the world being a PLAYGROUND-BATT LFIELD-STAGE for VIRTUAL MALE PENIS PERFORMANCES!Th ese PERFORMANCES involve male "power",& all involve force,competiti on,domination submission,&ins tead of using money,fame,and power,it USES them,whether theyre in the top 1% or bottom 1%.Men ARE used by their 2nd heads!A writer needs to show men(and the females who "LOVE" them)that loving men who PERFORM like MONKEYS for money,fame,and power just so they can be loved,adored by air headed female APPEARANCES, with men getting off in/on their pornification of force addictions, etc, mistake LOVE PERFORMANCES for HUMAN LOVE EXPERIENCES.I'v e kind of written the sequel to Atlas Shagged,oops,Sh rugged,or it wrote me! It may upset the patriarchal ADAM AND EVE "apple"cart of THE SOCIAL CONTRACT but because I'm a woman?it goes unread.Consider "Transcending Competitive Chaos" &/or Google Barbara Todish for my 5 books
 
 
-1 # Dorcas Black 2012-08-26 02:48
I wish people would read the annual Social Security and Medicare Trustee reports (available on the web) before claiming that individuals are just getting back what they paid in. Early Social Security participants got back far more than they ever paid in as have most current retirees. The trust fund, built up over the past 30 years, is entirely invested in regular U.S. Treasuries, meaning the money has been spent, and current tax revenues are already needed to cover bond redemptions, which have started. Under the current structure, many new and most future retirees will be getting back less than they paid in. And while Medicare Part A (hospital insurance) has a small trust fund which is also being drawn down, the other parts have long been in deficit and are supplemented by general tax revenues. In 2012, 45% of Medicare expenditures won't be covered by dedicated Medicare taxes.

While I agree everyone should get it back what they paid in--nothing else is fair--the benefit promises made exceed the projected tax revenues under the current structure, so something must be done. We need to stop burying our heads in the sand on this issue, as there are no easy answers. We can only cut benefits (the default), raise taxes (a burden on current workers), increase the number of taxpaying workers per retiree (more immigrants and/or raising the retirement age), or some combination of the above. I don't like Ryan's plan but no one has offered a functional alternative, either.
 
 
+1 # wrknight 2012-08-26 04:52
Adolf Hitler was a man of many ideas also.
 
 
+2 # RHytonen 2012-08-27 02:15
"no one has offered a functional alternative, either."

They have, and repeatedly.
SS and Medicare are officially OFF-BUDGET programs, ie, they have their OWN structure and revenue sources, designed to be adjusted, as is a reasonable prediction given fluctuating population and eligibility.

SS can easily be made solvent in perpetuity by removing the cap on contributions. And do not try to tell me the wealthy don't owe that to humanity considering what they've done to "create" and maintain that (at best)wastefully hoarded extreme wealth.

Medcicare, which does an incredibly difficult (and unchallenged) job being a solely highEST-risk pool, would be wildly successful(Cadi llac, denial-free insurance for $100/month) by including the young and healthy. The proposal of HR676 is years old with still no majority of takers, as it might enshrine the first black President in history as the American Tommy Douglas. Or worse, it might actually and finally outlaw Protection Rackets at ANY level.
 
 
0 # BVA 2012-08-27 10:03
There is no 'free lunch', and there is no 'free market'! Every society has to pay for the so-called 'free' market one way or another! Estimates of Food Stamps cuts alone in the proposed Paul Ryan budget might cost every individual church, synagogue, and mosque in America an average of $50,000 a year to replace lost nutrition for kids in poverty.

Whatever the real amount the private charity load will increase dramatically. Almost all the churches lack the administrative economies of scale to run such programs efficiently. So the actual nation-wide cost, private and public, might double. And this is just an example of what might happen with a small to medium size budget cut. And if the churches don't pick up the slack even larger social costs will show up somewhere else. And that's the price we, the 99%, will pay for the 'free' market!
 
 
0 # mdhome 2012-08-27 20:41
"atlas shrugged" was a stupid fantasy of a low intelligence person. She was infatuated with a murderer. "atlas shrugged" is not an easy read, but I did slogged my way through it and can say nobody should have to read it. I am 66 years old and have to say it is all rubbish. Just because she made up a story does not make it true that her ideas will work in real life. I would say it has the same connections to reality as "Alice in Wonderland" does.
 
 
0 # Dorcas Black 2012-08-29 12:54
[quote name="RHytonen" ]"SS can easily be made solvent in perpetuity by removing the cap on contributions."

So, your position is that not everyone should get back what they pay in, no? Medicare should become a dual income transfer program--from current workers to the elderly, and increasingly from high-salary workers to those earning less. Or do you also propose raising the maximum benefits, so that high-salaried workers get much larger pensions than currently entitled to, in exchange for paying much higher taxes?

Also, Medicare is not really "off-budget" when 45% of its expenditures come from general tax revenues and not Medicare payroll taxes. (Read the trustee report.) Just saying....
 

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