It was easy to understand why a story yesterday on NPR’s All Things Considered appeared to favor the Republican position on Social Security. Let’s be clear. The piece pretty much stacked the deck against those who believe that Social Security is fine for the moment, and that benefits should not be cut or privatized, a position that polls show much of the public supports. As a journalistic endeavor, the piece failed its audience—just like a couple of other NPR stories on which Campaign Desk has commented.
The story’s premise is that for Republicans “it’s an article of faith that Social Security’s days are numbered,” and they want the president to join their cause and share whatever pain will come from either reconstructing the program or drastically cutting benefits. Either way, lots of ordinary people might lose—but that doesn’t figure much in NPR’s story.
The piece begins with none other than Rand Paul giving his usual Social Security spiel. NPR reported that last week on the Senate floor Paul “demanded an overhaul of Social Security and acknowledged the danger.” NPR aired this from Paul:
Most young people acknowledge that it’s broken—-it’s broken so badly that the only way we fix it and the only way it can continue is we have to look at the eligibility. But so many people have said, ‘Oh, we can’t talk about entitlement, you’ll be unelected; you’ll be unelectable if you talk entitlement reform.’
The next witness NPR presented was Sen. Richard Shelby, an Alabama Republican. Like Paul, he’s no fan of Social Security. He argued that last year for the first time since the program began in 1935 it paid out more benefits than it received in payroll taxes. “Social Security is now at the tipping point, the first step of a long, slow march to insolvency if we don’t do something about it,” he said.
NPR then gave the Dems’ arguments a defensive gloss—“Democrats contend that because Social Security has a $2.8 trillion trust fund built up from surpluses, the program will remain solvent until 2037.” It’s the Congressional Budget Office, that neutral arbiter of all things fiscal, that has said that. At least NPR could have made that clear, and thrown in some context about the surpluses for good measure. For example, Dean Baker, co-director at the Center for Economic and Policy Research, a group that advocates for Social Security, says the reason why payroll taxes were raised to a point where they exceeded benefits was to cover the cost of baby boomers’ retirement. That meant, he says, that there would be times like now where benefits exceeded taxes. Otherwise, the increases in payroll taxes in the 1980s would have made no sense.
But NPR did not go there, and next showcased Sen. Tom Coburn, the Oklahoma Republican and Social Security antagonist, who had a reason why the $2.8 trillion surplus couldn’t be counted on. It was “stolen,” he said. “The money was spent. It’s broke. We’re going to have to fund $2.8 trillion over the next 20 years just to make the payments we’ve got.”
More context was needed here. On his blog, Baker tried to flesh out Coburn’s statement, explaining that not a penny was stolen from Social Security.
Social Security lent money to the federal government by buying bonds, just as individuals, private corporations and banks do all the time. When the government pays back the bonds held by the Social Security trust fund it will effectively be replacing bonds held by the trust fund with other bonds. The borrowing took place when the government sold bonds to the Social Security trust fund in the first place. It is not new borrowing when the government repays the bonds held by the Social Security trust fund.
Instead, listeners heard Senate Minority Leader Mitch McConnell say: “Something must be done. And now is the time to do it. Republicans are ready and willing.”
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You say it is not new borrowing when the government pays back the Tbills and you are right.....except that the government doesn't have the money to do it and will have to borrow to do it.
It was or is being stolen, depending on how you look at it, but when Clinton used it to pretend the budget was balanced, it was something no insurance company would have been allowed to do with pooled funds.
#1 Posted by JKR, CJR on Wed 16 Mar 2011 at 04:58 PM
Good point, JKR, but I'm pretty sure it's done via taxation. Which is why Americans are said to be double-taxed for SS. Thus the trust fund resembles a Ponzi scheme.
#2 Posted by Dan A., CJR on Wed 16 Mar 2011 at 07:34 PM
JKR, I suggest you be very careful referencing anything about the insurance industry's handling of money so soon after the US taxpayer saved their asses.
#3 Posted by Ken Fretz, CJR on Wed 16 Mar 2011 at 08:44 PM
It simply doesn't matter what you people think.
Why can't you grasp this little slice of reality here, dudes?
The videos are what they are. O'Keefe has rendered you irrelevant.
You can huff... You can puff,,, But you can't keep the Genie in the bottle, guys.
The problem you have here is that the right has nothing to fear from reality. The right is begging for scrutiny, while the left is obfuscating as much as it can.
The unedited videos don't do a damned thing to help your leftist cause.
Reality favors the right and incapacitates the left.
This the way it is. Deal with it.
#4 Posted by padikiller, CJR on Wed 16 Mar 2011 at 11:54 PM
Padi! You're still trolling here? After all these years! And trying to trump up the boy failure O'Keefe?
Sorry buddy, your party has lost its mojo. Couldn't defund Planned Parenthood, can't defund NPR, doesn't have a candidate in 2012, will probably lose everything in Wisconsin, Michigan and Florida are looking bad, and the Tea Party fights with the Republicans every day, some even saying they will take their ball and go home.
Reality favors the left. The right decapitates itself.
#5 Posted by Circusboy, CJR on Thu 17 Mar 2011 at 12:46 AM
First of all...
I'm not a Republican.. I think Bush should have been impeached, as I've stated here many times. I don't care if the Republicans implode, consolidate, dissolve.. whatever.
Secondly... To call O'Keefe a fraud is debatable, but at least plausible... To claim he is a "failure" is just ridiculous. The kid took down ACORN with a Handycam,and now he's put the fear of God into NPR.
If he were a failure, you guys wouldn't be wetting your britches. Indeed the very reason we're talking about him here is that he has been hugely successful.
Finally... Yeah... Things are going great for the Democrats. Those Republicans are big trouble now, boy! And if you believe that story, the Tooth Fairy has a bridge he'll sell you in Brooklyn for cheap.
#6 Posted by padikiller, CJR on Thu 17 Mar 2011 at 08:26 AM
Yes, NPR's bias is definitely showing when it comes to Social Security. I heard a piece a few weeks ago where Kent Conrad had to repeatedly point out to Neil Connant that Social Security has nothing to do with the deficit.
As far as funding, NPR's been kissing the wrong heinies.
#7 Posted by Pinko CF, CJR on Thu 17 Mar 2011 at 10:36 AM
Does anyone mind if I drag this conversation back from the prepice of stupid padi's perched upon?
Thanks.
Yeah, npr has a bit of a right wing hipster "Deficit Commission" approach to Social Security. Planet Money in particular has contributed to this. Here they talk about the Social Security trust fund as a demographic problem (Damn Boomers) without mentioning Greenspan fix to the program to make the surplus, they talk about how the trust fund was spent (income tax cuts and what would later be described by Alan Simpson as 'highways and the real stuff') without mentioning who collected the benefits from the payroll tax revenue (the rich and corporations who received massive tax cuts), and a basket of social security fixes which, again, mirrors the Deficit Commission solutions :
http://www.npr.org/blogs/money/2010/11/12/131281247/the-friday-podcast-in-search-of-the-social-security-trust-funds
And this one, 14:38 in was just ridiculous.
http://www.npr.org/blogs/money/2009/03/hear_save_me.html
"Yay, Rational Markets! Societies without social nets are so much better cause they save more!"
#8 Posted by Thimbles, CJR on Thu 17 Mar 2011 at 11:07 AM
I still don't understand why NPR is perceived to be "left wing", or even "left leaning". True, NPR is not right leaning. It doesn't push a right wing agenda, at least not on balance. But it doesn't push a left wing agenda either. By listening to NPR, you can develop an understanding of right, left, and moderate points of view. And sure, there are talking heads on NPR with a progressive point of view; but there are plenty with a conservative point of view too.
I've finally come to the conclusion that NPR is considered "left leaning" because it is, in a sense, elitist. It covers stories in depth; it covers science; it covers the arts; and it covers foreign affairs. To some, this makes NPR inaccessible, and therefore "left wing".
Regarding Social Security - not many news outlets are covering it in the kind of depth that will enable informed opinion and decisions by the public.
If there are some (other than CJR), I'd like to know.
#9 Posted by Rick Sullivan, CJR on Thu 17 Mar 2011 at 12:36 PM
Okay, granted you're not a "Republican", padi. You're anti-Democrat. Whatever.
As for O'Keefe, you are gauging his success in small victories, not what he attempted to do. Taking down ACORN was the only thing he ever accomplished, however dishonestly. But Landrieu, the Census, "boatgate", NJ teachers, Maxine Waters, his accomplice Lila Roseāall failures. Two people lost their jobs at NPR, but a lot of people weren't wild about Vivian Schiller anyway.So what?
I think O'Keefe will end up flubbing a sting even worse in the future. I am GLAD you think he's a success, because too much confidence will indeed be his downfall. Slander is not journalism.
Things aren't going good for the Democrats. They're just going worse for the Republicans.They just haven't figured it out yet.
#10 Posted by circusboy, CJR on Thu 17 Mar 2011 at 12:56 PM
This graph shows Health Care spending is the real long term deficit problem, not Social Security.
#11 Posted by CSSR Org, CJR on Thu 17 Mar 2011 at 10:28 PM
O'Keefe didn't take down ACORN. ACORN took itself down, first with decades of sheer irrelevance, second with an embezzlement scandal that revealed a governance scandal that triggered serious cuts in its ability to raise funds from foundations. Its brand was already significantly tarnished, particularly in the philanthropic community; O'Keefe was just the final nail in the coffin.
#12 Posted by Oh Come On, CJR on Fri 18 Mar 2011 at 04:49 PM
We contributed money from our paychecks for SS. Self-employed contributed nearly double - the employer and employee part. It's our money.
The crooks in Washington spent it. They do not have a right to decrease benefits for those already receiving or those about to get it - many will suffer immensely. Slow euthansia.
Extending the retirement age is another story but, really, how long can somone stay in the work force? Age discrimination is a mega huge factor in this country when seeking a job or not being laid off. And that's just for starters.
But I go back to stealing our money. These creeps don't pay taxes, they cheat on their taxes, we pay their health care and mega salaries, they don't need to rely on SS. They get lifetime pay and bennies.
I'm sick of this country and the vermin who run it along with the lying mainstream media which puts out the disorganized lies that are then turned into organized lies geared toward whoever they are trying to fool, control, politicize, bad mouth and divide, ad nauseum.
Why don't the ruling class and wealthy elite just dig a big hole and bulldoze the poor, low-income people and working classes in and cover it over with dirt? Problem solved. Then they can turn on one another and eat each other alive.
#13 Posted by dianne, CJR on Fri 18 Mar 2011 at 06:43 PM