imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - json version - email this article - view hidden posts - tags and related articles
link:

New York Times Wages War on Medicare and Social Security

by Stephen Lendman Wednesday, Jan. 09, 2013 at 11:31 PM
lendmanstephen@sbcglobal.net

class war

New York Times Wages War on Medicare and Social Security

by Stephen Lendman

The record of America's newspaper of record is deplorable. It supports wealth, power, privilege and dominance. It backs corporate interests. It spurns popular ones. It endorses imperial wars.

It's comfortable about toppling independently elected governments. It's silent about propping up friendly despots. It's quiet about disappearing democratic freedoms. It ignores US duopoly power.

It endorses sham elections. It's waging war on America's social contract. ObamaCare rationed healthcare to enrich insurers, drug companies, and large hospital chains.

In March 2010, a Times editorial headlined "Health Care Reform, at last." It praised what it should have condemned.

Ralph Nader called it "a pay-or-die system that's the disgrace of the Western world."

Obama's financial reform was a Wall Street giveaway. It was old wine in new bottles. It was more scam than reform. A Times July editorial headlined "Congress Passes Financial Reform."

It "merit(s) broad support," it said. It established "consumer protection(s)."

"The bill is a milestone," it claimed. Wall Street malfeasance today is worse than ever. Government complicity permits it. Media scoundrels don't explain.

A previous article discussed Times' support for austerity harshness. Imposing it eases pain, it claimed.

In August 2010, a New York Times editorial headlined, "The Latest on Medicare and Social Security," saying:

"Of course, neither program is sound for the long run. (Yet there's) time for lawmakers to reform and strengthen both (for) the long haul."

"(A) combination of benefits cuts and tax increases is required. (It) could be distributed fairly and phased in over decades."

Times editors lied. When properly administered, both programs are sound. More on that below.

In November 2011, a Times editorial headline "Fixing Medicare," saying:

"There is no way to wrestle down the deficit without reigning in Medicare costs."

"The only way to make Medicare sustainable is to have it grow at the same rate as the economy that provides the tax base to support it."

"The solution, most experts agree, is to have Medicare pay doctors and other health care providers fixed sums to manage a patient’s care and then let the doctors decide which services are truly necessary."

In other words, let providers and bureaucrats choose who gets care, how much, under what circumstances, at what cost, and perhaps leave out those requiring expensive treatment.

In April 2012, a Times editorial headlined "A Year in the Life of Social Security," saying:

Without "reforms," full benefits can only be paid "until 2033 - versus 2036 in last year's report - and three-fourths of benefits after that."

"(L)awmakers should act soon to bolster the system's financing….What is needed is a balanced mix of modest benefit cuts and moderate tax increases (to ensure) solvency (and) fair (burden) sharing."

On January 5, The Times called Social Security "worse than you think." Saying so belies reality. More on its duplicitous scaremongering below.

On August 14, 1935, the Social Security Act became law. It's called the federal Old-Age, Survivors, and Disability Insurance program (OASDI).

It provides retirement, disability, survivorship, and death benefits. It's America's most effective poverty reduction program. It's worked remarkably well since inception.

It provides secure inflation-adjusted retirement or disability income. Personal savings aren't risked.

It's sound and secure. It's not going bankrupt. When properly administered, modest adjustments alone assure it. The same holds for Medicare.

It's "the nation's largest health insurance program." Payroll deductions defray costs. Tens of millions rely on it. It covers eligible recipients aged 65 or older, some disabled ones under age 65, and people of all ages with End-Stage Renal Disease.

Duplicitous scaremongering claims both programs face bankruptcy.

Republicans never wanted them in the first place. Obama and most Democrats support killing them. They favor death by a 1,000 cuts. Perhaps The New York Times agrees.

On January 5, it claimed Social Security is "Worse Than You Think." Saying so turned truth on its head.

America must "confront" a "huge cliff," it said. In 2010, "$49 billion dollars more in (Social Security) benefits" were paid than received. Doing so will exhaust Trust Fund revenues "by 2033."

"Those facts are widely known," claimed The Times. If remedial action isn't taken, benefits no longer will be paid.

False! The Times omitted key facts. In 1968, Lyndon Johnson adopted a "unified budget." He combined Social Security Trust Fund (SSTF) receipts with general revenues. He did so to defray Great Society and Southeast Asia war costs.

Henceforth, SSTF surpluses ("Intra-Governmental Holdings of Debt") concealed the true national debt. At the same time, SSTF revenues used annually for federal expenditures reduce Washington's ability to pay future beneficiaries.

SSTF exists in name only. All sources of retirement income and security are under siege. Social Security works well as mandated. It's Washington's most successful program. It could easily be made structurally sound in perpetuity.

Active workers and employers support eligible retirees, their dependents, and the disabled. Steady income is assured. Marketplace uncertainty is avoided.

Critics falsely claim it's going broke. It's sound and secure. Modest adjustments only are needed to keep it that way. Separating Trust Fund receipts from general revenues would strengthen it.

Contractual federal obligations would be assured. Benefits could increase, not decline. The New York Times didn't explain. It claimed otherwise.

"To save Social Security," it said, "tough choices have to be made. One option is (keep) raising the retirement age." Doing so combines a stealth tax increase/benefit decline.

"A second option is increase payroll taxes." Wages are taxed up to $113,700. Low/middle income earners are disproptionately taxed. Most of what high-income ones earn escapes entirely.

All income should be taxed equitably. None should be exempted. A simple fix would change things. Progressive taxes, a modest Tobin one on speculation, combined with making corporations pay their fair share would raise hundreds of billions annually.

Taxing hundreds of trillions in annual derivatives trades one-tenth of one percent would raise $500 billion alone. Sweeping progressive tax reform would at least double the amount. Cutting defense spending responsibly would triple or quadruple it.

Payroll taxes could be eliminated. Deficit-cutting hysteria would end. Benefits could be raised, not cut. Retirements would be secure. Medicare for all could follow. So could other benefits. America's social contract would be strengthened.

The Times highlighted a third option instead. Limit annual cost-of-living adjustments, it urged. Inflation-adjusted benefits currently decline annually. They do it substantially. The Times suggests cutting more.

A fourth option stresses it. Lower "initial benefits for workers whose lifetime wages (exceed) the national ($43,000 a year) average."

Perhaps discourage retirement. Make it "an option." Delaying "reform" assures "more disruptive" changes ahead.

Times readers are betrayed. Social security didn't cause deficit problems. Benefits shouldn't be cut to address it. Privatization should be ruled out. So should means-testing. Retirement age shouldn't be increased.

Greater revenues are easily raised. Institute progressive taxation. Make everyone pay their fair share. Make corporations do it. Increase benefits. Don't cut them.

Prioritize helping those most in need. Assure no one retires impoverished. Provide Medicare for all. Everyone in. No one left out.

Good governance isn't rocket science. It's as simple as doing the right thing. Times editors didn't explain.

Wealth, power and privilege alone matter. Let popular needs go begging. Bipartisan complicity plans it. Media scoundrels support what they should condemn.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

His new book is titled "Banker Occupation: Waging Financial War on Humanity."

http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour

http://www.dailycensored.com/new-york-times-wages-war-on-medicare-and-social-security/
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Local News

Water in California - info proliferated now is dubious J28 5:04PM

Pacifica clearly endangered. Reposting info here: J28 2:34PM

Video: Occupy Love (2013), 1 hr 19 min J28 4:43AM

Who declares themselves to be the ultimate-only-valid-authority here on current wars elsew J27 11:11AM

MDRC's Rent Reform Assault: Section 8 tenants vs. affordable housing industry J24 12:24AM

Obama at LA Trade Tech J23 3:23PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 6:33PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:48PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:28PM

Protest Israeli Shelling of Gaza J21 1:58AM

#SaveTheInternet Rally J20 11:24AM

PACIFICA is shify-ing more J18 8:55PM

Radical Women Study Group J16 4:43PM

KIDS REPLANT WILSHIRE FRUIT TREES UPROOTED BY VANDALS J16 2:34PM

Emails Needed by Thursday, July 17 to Save the South Central Farm (Again) J15 4:40PM

Is AFT Pres Weingarten On The Take? J12 7:45AM

LA Living in Vehicle Law Found UnConstitutional J11 12:22PM

KPFK News covers the Che Cafe struggle J10 9:33PM

Public Comment on South Central Farm Site J07 10:44PM

Successful Protest at new Burbank Hobby Lobby on 4th J06 5:17PM

Protesters Violently Arrested in Murietta J05 12:44AM

Gallery Opening Highlights Journalist’s Creativity, Insights, and Passions J03 11:52AM

Indymedia On Air - Che Cafe show J02 10:27AM

Save the Che: Letter from Zack de la Rocha J29 8:47PM

Political Thriller Citizen Koch Premieres in Los Angeles J28 2:35AM

Veteran and Families of Military hold Press Conference J18 7:36AM

Furious Homeowners Occupy Lobby of Fannie Mae in Pasadena J16 4:15AM

Change Links Revival J12 12:09PM

More Local News...

Other/Breaking News

Paraphysique de l'interactivité J31 11:40PM

The Shortwave Report 08/01/14 Listen Globally! J31 4:08PM

$5.3 Trillion Daily J31 7:22AM

Free Rasmea Odeh J30 11:18PM

Our Land, Our Business J29 4:40PM

Argentina Braces For Default J29 12:09PM

Back To School Fair J29 11:43AM

Dirt Dog J29 11:19AM

Christian Zionism: The Heresy that Undermines Middle East Peace J29 7:53AM

Memorandum 2014 J29 4:01AM

Paraphysique de la violence J28 9:49AM

Philippine President told: Re-energize the campaign for reforms J28 3:23AM

Panthers in the Hole: French Angola 3 Book Illustrates US Prison Crisis J27 12:13PM

¡Abajo las nuevas exacciones criminales de Israel! J27 11:41AM

looks ok to me... J27 10:32AM

Down with the latest criminal abuses by the Israeli State! J27 10:21AM

THE BOOK OF JOSHUA | ZIONAZIS J26 9:52PM

Video: Left Forum on Thomas Paine 1 hr, 23 min J26 4:21PM

Surpopulation et paupérisation J26 9:13AM

AVAAZ_GAZA_war crimes J26 8:07AM

Israeli-Palestinian Science Organization (IPSO) Struggles for Peace J26 8:02AM

Snake Valley Festival in Baker NV fights SNWA ‘Water Grab’ J26 6:59AM

Nuclear Bomb LA 1983, Revelations tortured Witness Recovers from 14 year coma J25 7:52PM

The Shortwave Report 07/25/14 Listen Globally! J24 5:00PM

Come for the education, Stay for the fun at the OC Health & Wellness Fair J23 10:59PM

Philippine president signs law requiring tobacco companies to put graphic health warnings J23 3:55AM

Rockets found in Gaza school J22 10:57PM

Statement on the Gaza Genocide J22 8:32PM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy