RSN Fundraising Banner
FB Share
Email This Page
add comment
Politics
Making the Economy Work for Everyone - Step #3: Expand Social Security Print
Saturday, 16 May 2015 08:34

Reich writes: "Corporations are awash in money, and they could afford to provide their hourly workers with pensions when they retire."

Robert Reich. (photo: Richard Morgenstein)
Robert Reich. (photo: Richard Morgenstein)


Making the Economy Work for Everyone - Step #3: Expand Social Security

By Robert Reich, Robert Reich's Blog

16 May 15

 

merica is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse.

You hear a lot about how corporations are struggling to make good on their pension promises, and how Social Security won’t be there for you in retirement.

Baloney on both counts.

Corporations are awash in money, and they could afford to provide their hourly workers with pensions when they retire. Years ago, they routinely provided “defined benefit” pensions – a fixed amount every month after retirement.

Nowadays most workers are lucky if their company matches what they’re able to put away. The typical firm does no more than offer a 401-K plan that depends entirely on worker savings.

But many workers get such low pay during their working lives that they haven’t been able to save for retirement.

At the same time, the cost of pharmaceuticals keeps rising, taking an ever-bigger bite out of retiree incomes.

That means Social Security is more important than ever. Today, two-thirds of seniors derive over half of their income from Social Security, and one-third of seniors rely on it for at least 90% of their income. Without it, the poverty rate of our seniors would be 45% instead of 10%.

Social Security will be there for you in your retirement. The problem is it won’t pay you enough.

That’s why it’s important to expand Social Security – not cut Social Security benefits.

How?

We can afford to increase Social Security benefits, as well as help ensure the solvency of Social Security, by eliminating the cap on income subject to Social Security taxes.

Unlike the Medicare payroll tax that everyone pays as a small portion of their total incomes, the Social Security payroll tax is capped. Any income over $118,500 this year is exempt from it. Which means a billionaire pays the same Social Security payroll tax as someone earning $118,500.

This isn’t fair and it’s not sensible. Billionaires and millionaires should pay just like everyone else.

Scrap the cap, and not only is Social Security more secure for you and your kids, but it will be able to pay out even more benefits in your retirement.

America’s seniors, who paid in to Social Security over their lifetimes, deserve enough retirement income to live on.

If wealthy Americans pay their fair share, we can make sure tomorrow’s seniors get the Social Security they truly need.


e-max.it: your social media marketing partner
 
Dzhokhar Tsarnaev Sentenced to Death Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=29641"><span class="small">Murtaza Hussain, The Intercept</span></a>   
Saturday, 16 May 2015 08:33

Hussain writes: "After a trial which lasted over two months, a federal jury needed just 14 hours of deliberations to come to the unanimous decision that Dzhokhar Tsarnaev should be executed."

In courtroom sketch, Boston Marathon bomber Dzhokhar Tsarnaev arrives in the courtroom at the Moakley Federal court house in the penalty phase of his trial in Boston, Friday, May 15, 2015. (photo: Jane Flavell Collins/AP)
In courtroom sketch, Boston Marathon bomber Dzhokhar Tsarnaev arrives in the courtroom at the Moakley Federal court house in the penalty phase of his trial in Boston, Friday, May 15, 2015. (photo: Jane Flavell Collins/AP)


Dzhokhar Tsarnaev Sentenced to Death

By Murtaza Hussain, The Intercept

16 May 15

 

fter a trial which lasted over two months, a federal jury needed just 14 hours of deliberations to come to the unanimous decision that Dzhokhar Tsarnaev should be executed. Tsarnaev, who along with his brother Tamerlan planted bombs at the 2013 Boston Marathon, did not express any emotion in the courthouse as the verdict on his punishment was announced late this afternoon. In the immediate aftermath of the ruling, newly appointed Attorney General Loretta Lynch called the sentence “a fitting punishment for this horrific crime.”

Tsarnaev, who was 19 years old at the time of the bombing, will soon be moved to the federal death row penitentiary in Terre Haute, Indiana.

As I watched the trial up close, this outcome seemed preordained. The government was set on the death penalty, and today they achieved that goal.

Before the start of the trial, Tsarnaev’s lawyers had made repeated entreaties to settle the case with a sentence of life imprisonment without parole. These were denied by the government despite widespread opposition within the city of Boston to executing him, and mitigating factors which strongly suggested that Dzhokhar played a secondary role in the crime and the events leading up to it.

Presiding Judge George O’Toole made decisions throughout the process which seemed to ensure it would be more a public spectacle than the impartial administration of justice. (O’Toole also tried the case of Tarek Mehanna, and sentenced him to 17 years imprisonment for translating an al Qaeda document on the internet.) Defense lawyers submitted numerous desperate requests to move the trial from Boston, on the grounds that it would be impossible for Dzhokhar to get a fair hearing there. These were all summarily dismissed. O’Toole also declined defense requests that he explain to the jury that if they failed to reach a unanimous verdict on Tsarnaev’s punishment, he would not be obligated to declare a mistrial — as he would have been if they had not been unanimous on Tsarnaev’s guilt — but instead would be obliged to administer a life sentence.

In an op-ed published in the Boston Globe several weeks before today’s verdict, the family of 8-year-old Martin Richard asked that Tsarnaev not be given the death penalty. Their reason was not necessarily borne of compassion for Tsarnaev, but rather a desire that they should be allowed to move on with their own lives. Writing that “the continued pursuit of [death] could bring years of appeals and prolong reliving the most painful day of our lives,” the family asked prosecutors to settle on life imprisonment without parole. Richard’s family was in the courthouse today and saw Dzhokhar sentenced to death.

Given the pain it will cause the families of the victims, and the opposition within the city of Boston to such an outcome, why did the government seek the death sentence in this case? As Boston U.S. Attorney Carmen M. Ortiz said in her statement today, the execution of Dzhokhar will send a message that “we are not intimidated.”


e-max.it: your social media marketing partner
 
Bush Says Iraq Question Unimportant Since He Clearly Will Never Be President Print
Written by <a href="index.php?option=com_comprofiler&task=userProfile&user=9160"><span class="small">Andy Borowitz, The New Yorker</span></a>   
Friday, 15 May 2015 14:36

Borowitz writes: "After several days of controversy over whether he would have authorized an invasion of Iraq, former Florida Governor Jeb Bush said on Thursday that the question was unimportant since it is now painfully clear that he will never be President."

Jeb Bush. (photo: Deanna Dent/Reuters/LANDOV)
Jeb Bush. (photo: Deanna Dent/Reuters/LANDOV)


Bush Says Iraq Question Unimportant Since He Clearly Will Never Be President

By Andy Borowitz, The New Yorker

15 May 15

 

The article below is satire. Andy Borowitz is an American comedian and New York Times-bestselling author who satirizes the news for his column, "The Borowitz Report."


fter several days of controversy over whether he would have authorized an invasion of Iraq, former Florida Governor Jeb Bush said on Thursday that the question was unimportant since it is now painfully clear that he will never be President.

"Look, I can understand people wanting to know where I stand on this Iraq business if I actually had a chance of being elected," he told an audience in Arizona. "But since I've pretty much pissed that away, what's the point, really?"

Bush urged those who sought out his opinion on policy matters to take a look at how poorly his campaign is going "and get a reality check about the odds of me ever being President, which are hovering in the vicinity of zero."

"I'm tied with Ben Carson in the polls, folks," he said. "You heard me. Ben-freaking-Carson. A neurosurgeon. If you're running in a Republican primary and can't beat a scientist, you might as well put a fork in it."

When asked by a reporter what he would do to grow the economy, Bush laughed ruefully and said, "Well, I guess if I said that I'd do exactly what my brother did and drive the whole thing straight into the crapper, you folks would have a field day with that, wouldn't you? But let's get serious. You want an answer to that question, ask someone who actually has a chance at winning this damn thing. I'm sure Scott Walker would love to talk to you good people."

e-max.it: your social media marketing partner
 
FOCUS: Fraternity of Failure Print
Friday, 15 May 2015 12:39

Krugman writes: "Mr. Bush is trying to hide behind the troops, pretending that any criticism of political leaders - especially, of course, his brother, the commander in chief - is an attack on the courage and patriotism of those who paid the price for their superiors' mistakes."

Paul Krugman. (photo: New York Times)
Paul Krugman. (photo: New York Times)


Fraternity of Failure

By Paul Krugman, The New York Times

15 May 15

 

eb Bush wants to stop talking about past controversies. And you can see why. He has a lot to stop talking about. But let's not honor his wish. You can learn a lot by studying recent history, and you can learn even more by watching how politicians respond to that history.

The big "Let's move on" story of the past few days involved Mr. Bush's response when asked in an interview whether, knowing what he knows now, he would have supported the 2003 invasion of Iraq. He answered that yes, he would. No W.M.D.? No stability after all the lives and money expended? No problem.

Then he tried to walk it back. He "interpreted the question wrong," and isn't interested in engaging "hypotheticals." Anyway, "going back in time" is a "disservice" to those who served in the war.

Take a moment to savor the cowardice and vileness of that last remark. And, no, that's not hyperbole. Mr. Bush is trying to hide behind the troops, pretending that any criticism of political leaders — especially, of course, his brother, the commander in chief — is an attack on the courage and patriotism of those who paid the price for their superiors' mistakes. That's sinking very low, and it tells us a lot more about the candidate's character than any number of up-close-and-personal interviews.

READ MORE

e-max.it: your social media marketing partner
 
The Democratic Party Would Triangulate Its Own Mother Print
Friday, 15 May 2015 09:24

Taibbi writes: "Barack Obama made headlines this week by taking on Sen. Elizabeth Warren in a dispute over our latest labor-crushing free trade deal, the Trans-Pacific Partnership."

President Obama took on Senator Elizabeth Warren this week in a dispute over the Trans-Pacific Partnership. (photo: Kevin Dietsch/Getty)
President Obama took on Senator Elizabeth Warren this week in a dispute over the Trans-Pacific Partnership. (photo: Kevin Dietsch/Getty)


The Democratic Party Would Triangulate Its Own Mother

By Matt Taibbi, Rolling Stone

15 May 15

 

The latest squabble over the Trans-Pacific Partnership shows just how low America's "Progressive" Party has sunk

arack Obama made headlines this week by taking on Sen. Elizabeth Warren in a dispute over our latest labor-crushing free trade deal, the Trans-Pacific Partnership. The president's anger over Warren's decision to lead the Senate in blocking his authority to fast-track the TPP was heavily covered by the Beltway media, which loves a good intramural food fight.

It was quite a show, which was the first clue that something wasn't quite right in this picture. The Beltway press made a huge spectacle out of how the "long-simmering" Obama-Warren "feud"had turned "personal."

And there were lots of suggestions that the president, in his anger toward Warren, simply let his emotions get the best of him – that he let slip impolitic and perhaps sexist words in his attacks on Warren, whom he described as "absolutely wrong" and "a politician like everyone else."

Reuters, taking the cheese all the way with this "it just got personal" storyline that people on both sides of the Warren-Obama spat have been pimping to us reporters all week, quoted observers who put it like this:

"The president miscalculated in making this about Elizabeth Warren, that backfired badly. It only served to raise awareness of the issue and drive people away from his position," said Chris Kofinis, a Democratic strategist who has worked with labor unions opposed to the pact.

"It never makes sense to make these kinds of issues personal," he said.

Politicians do get angry. They even sometimes get angry in public. They are, after all, human, in some cases anyway.

But politicians mostly only take their masks off when cornered: stuck in a televised argument with an expert irritant, called to speak in a legislative chamber just as that nagging case of intermittent explosive disorder kicks in, surprised by a ropeline question on the campaign trail, etc.

But if you think that Barack Obama, one of the coolest cucumbers ever to occupy the White House, sat down for a scheduled interview in front of a professional softballer like ex-Times and current Yahoo pundit Matt Bai – a setup that's the presidential media equivalent of a spa treatment – and just suddenly "lost it" in a discussion about the TPP, you've been had.

Almost without a doubt, Obama's remarks were carefully scripted. And it's likely all of these "whispers" suddenly circulating on the Hill about a percolating genuine personal feud between Obama and Warren also came from a focus-group-aided strategy meeting somewhere.

Even Bai approvingly described Obama's move as an effort to triangulate the "professional left." These tactics make a lot of sense politically, and within the Beltway, chiding the "unrealistic" progressives of the Warren ilk is considered almost a rite of passage for politicians on the blue side who want to prove they're "serious about governing."

Triangulating – beating up on the ideologues within your own party in order to shore up your centrist cred and reassure your money sources – is an especially brilliant solution for Democrats targeting national office. Those politicians need virtual monopolies on union and minority votes, but also need just enough centrists and white southerners to stay viable. To keep those latter votes, you need to make a few very conspicuous moves from time to time.

That's surely what happened here with the TPP, a monster deal with the potential to reshape not just our trade profile but our domestic financial regulatory structure. Along with a Democratic Party that would love one last chance to prove itself to Wall Street heading into 2016, Obama badly wants this deal passed, perhaps as a way to steer his legacy in a more bipartisan direction before he rides off into the sunset.

So he picked just the right moment and just the right words to goad the press into painting him as someone who's just so angry at Elizabeth Warren's failure to understand how the real world looks from behind the Oval Office desk, he just couldn't keep his feelings reined in. He tried to retain his usual Björn Borglike exterior, but the oven-mitt questioning of Matt Bai just beat it out of him!

Backing up for a moment: if there's one thing that a generation of free trade agreements has taught us, it's that it's a mistake to read too much into the fine print of any of these deals. With both the WTO and the Multilateral Agreement on Investment (MAI), there were all sorts of horror stories that were circulated about ordinary Americans ending up surrendering their sovereignty to corporate-friendly secret tribunals in Switzerland and other cabals.

That hasn't exactly happened. But what certainly has happened is that we've racked up enormous trade deficits with the countries that are signatories to our free trade deals. No matter how you slice it, these deals reduce the percentage of American exports while accelerating imports from countries where workers not only often have crappy workplace protections (if they have any at all), but sometimes have reduced political freedoms as well.

This deal Obama is proposing is supposed to contain the strongest labor and environmental provisions ever, and, well, who knows. I seriously doubt it. It seems like just another way to make screwing foreign and domestic workers cheaper for the boardroom set, which is certainly a goal such people have a right to pursue. That part of it – the part where Wall Street hasn't sucked enough of the world dry yet and so wants this deal too, knowing the White House is willing to oblige – that isn't the really bad part.

The part that's really irritating is that the same politicians who whine every chance they get about being unfairly painted as Marxists on Fox and Clear Channel are now cleverly using the animus generated by those news outlets against the Elizabeth Warrens of the world as shortcuts to political gain.

Both the Clintons and Obama, remember, have singled out Fox and the media part of the "vast right-wing conspiracy" as warts on the face of America. The Obama White House has even called Fox "a wing of the Republican Party," and "not really a news station."

But ask yourself this: how much triangulating kick would Obama really get out of piling on Elizabeth Warren if she wasn't right-wing America's current favorite Trojan-Horse Trotsky? If she wasn't pitched as being so "left" that Bill O'Reilly said she would make Obama look like "Reagan" in comparison?

The reality is, as much as the mainstream Democratic Party whines about Fox and its cohorts, they constantly use all the negative energy of the conservative media as free marketing. Instead of standing in true partnership with unions and working people and employing a strategy of forcing the rest of the world to democratize and grant workers real rights in exchange for access to American consumers, they've done the opposite – beating up on the captured labor demographic as a way to reassure big business.

Again, this goes back to Clinton, Al From, Dick Morris, the DLC days. Third Way Dems first dared American workers to try to get a better deal with Republicans. Then, once they established that they could safely take minorities and labor for granted, they used right-wing caricatures of welfare moms or rappers to score points with the political middle.

It's clever, and it sure as hell works as a way to win elections. It just seems like doing the right thing and standing up for actual people would work just as well.

e-max.it: your social media marketing partner
 
<< Start < Prev 2461 2462 2463 2464 2465 2466 2467 2468 2469 2470 Next > End >>

Page 2464 of 3432

THE NEW STREAMLINED RSN LOGIN PROCESS: Register once, then login and you are ready to comment. All you need is a Username and a Password of your choosing and you are free to comment whenever you like! Welcome to the Reader Supported News community.

RSNRSN