Social Security – Page 5

Oh Sharron.

I hate to waste a lot of space on a Senate race, but this is Harry Reid we are talking about. Since he is the Majority Leader of the Senate, and it is polite to say that our other Senator is “embattled,” this is a big deal.

Senator Reid’s opponent, Sharron Angle, has really been saying some interesting things.

I think the most mind-boggling thing she has said is that the “Reid agenda” violates the First Commandment (that’s Commandment, not Amendment):

And these programs that you mentioned — that Obama has going with Reid and Pelosi pushing them forward — are all entitlement programs built to make government our God. And that’s really what’s happening in this country is a violation of the First Commandment. We have become a country entrenched in idolatry, and that idolatry is the dependency upon our government. We’re supposed to depend upon God for our protection and our provision and for our daily bread, not for our government. And you’ve just identified the real crux of the problem.

Now, for context, she did say this on a Christian radio show. Her comments were intended to reach a very particular audience: one that takes the Bible very literally. Ok, literally except for the keeping Kosher part that is outlined later in the book of Exodus. It would be interesting to know when she last fed the hungry, gave water to the thirsty, clothed the naked, invited in strangers, looked after the sick, or visited those in prison.

But somehow she seems to think — and since this was all said during the primaries, I am inclined to think it’s pretty close to what she does believe — that Social Security Insurance payments, Unemployment Insurance payments, and the like are causing the “half” of all Americans who “aren’t paying taxes” treat the Federal government as a god. Right. Because taxes don’t buy things like roads, which are enjoyed by the rich and the poor alike. And nobody ever pays [attention to the fact that they pay] for Social Security and Unemployment Insurance right out of their paychecks.

Nor is Sharron alone in this strange train of thought. Her communications director just the other day released a statement saying “Only the supreme arrogance of Senator Reid would believe that he has a divine right to rule over mere mortals by ramming through Obamacare, billions in reckless spending, and yes, buying cocaine for monkeys.”

Cocaine for monkeys?? What?? Can we please have a reference on that so we know what the heck he’s talking about?

Sharron also thinks that the Federal government should have no say in what any schools teach, private or public. Does that mean she wants to see an ending for abstinence only sex ed? Well, no. Then what does she mean? The the Feds can’t insist that schools teach reading, writing, and math, or any other set of critical must-know things that employers and communities expect high school graduates to know. Oh, and she thinks your preacher should be able to tell you who to vote for (despite the church’s tax exempt status and the First Amendment). Oh and one more thing, she thinks gays are icky. No, she didn’t really say icky, only that they don’t deserve the protections of law.

But let’s not forget her most recent embarrassing moment, a moment so bad a Fox News reporter laughed:

We needed to have the press be our friend…. We wanted them to ask the questions we want to answer so that they report the news the way we want it to be reported.

Sorry Sharron, Senate candidates don’t get to spin the news whatever way they want it. Ones who want to get elected answer the questions that voters want answered. Maybe Steve Wynn could convince reporters to only ask what he wants to answer, but you can’t.

No wonder Harry’s looking a lot better in the polls than he was mere weeks ago. I sure do hope my neighbors don’t actually elect her!

In closing: On Social Security and Medicare; Is the Fed using phony numbers (why would they switch to the real ones now?); Goldman says “Ok, we’ll follow the law” (how nice of them); Kagan‘s in; new efficiency standards will save you money while helping the environment (and hey, somebody’s gotta build this stuff); on wage cuts (really, only feasible if we have mortgage cuts, but hey); Uh, Mr. President? Employers are doing just fine shipping jobs overseas without your help! (whose side are you on??); a true comic; and a funny baseball card.

Shorties Lake

Latte Economy Revisited: It turns out that more Americans think it is important to create jobs — and specifically manufacturing jobs — than worry about the deficit. Dave doesn’t think we have a Latte Economy; he thinks we have a “Cake or Death” economy.

Education Researchers Don’t Need Statistics: A real scientist looks at the “good kindergarten teachers will help your kids earn more money” study. Unfortunately the figures don’t add up.

Left of Center, Maybe: Great quotes. “If we were a right-of-center nation, you could win an election by saying you planned to eliminate Medicare and Social Security. After all, this would be an effortless way of leaving the unprecedentedly bloated defense budget intact while still cutting big ‘gubment.’ Instead such a proposal is grounds for getting you burned in effigy.” Also, “The reality: the majority of Americans are actually progressive whether or not they call themselves that. Poll after poll finds when Americans are asked how they feel about issues like the minimum wage, protecting the environment, gay rights and even gun control – the majority agrees with the Left.”

Follow up: Dipak Desai’s competency hearings are beginning.

You’ve got to read this and pass it on!: Ok, if you’ve been reading me for a while you probably know all this, but MoveOn’s got the top 5 Social Security myths. And they’re delightfully blunt about the motives of the people who keep spouting them.

Speaking of which, talk to Granny about where she gets her information on the health insurance reform bill: It turns out that a lot of senior citizens are very misinformed.

Funny Thing, Most of Us Get Fired for Not Doing Our Jobs: Five years ago I said “If you have moral problems with doing your job, you must quit. Today. Otherwise, you are saying your morals only matter when they inconvenience others. A vegan waitress knows she will have to serve meat unless she works in a vegetarian restaurant; a recovering alcoholic realizes he should probably not go to bartender’s school; pacifists normally don’t enlist in the armed forces.” This week a judge said yeah, you don’t have a right to only do the parts of your job that you like, and you don’t have the right to re-write your professional guidelines to suit your moral qualms.

It had been months since I linked Pandagon and now I’m doing it twice in one post: Some conservatives are in a tizzy that President Obama is sitting down to an interview with Barbara Walters and a few of her friends… on her daytime show aimed at a mostly SAHM audience. Here’s a little secret — it turns out that women have had the ability to vote since 1920, and the sort of women who can take the time to watch daytime TV have the time to get to the polls.

Fine, how do YOU want to measure it??: 10 key indicators show that yes, global climate change is real. That’s what most scientists call global warming these days so freak snow doesn’t confuse the small-minded.

It sure would have been nice for someone, like say the news media, to have pointed this out in 2002: Hans Blix on the fact that he found no Weapons of Mass Destruction in Iraq because there were none.

How nice for somebody, I guess: Health insurer Aetna made more money last quarter — even though they had less revenue — because of lower costs (that is to say, less paying for actual health care).

And finally: an interview with Isaiah Mustafa, “The Old Spice Guy.” Turns out he’s got some acting parts that involve wearing a shirt. Also turns out he’s a P90X guy.

Senate Republicans Acting Like Toddlers

Or, Senate Decides its Just Fine to be a Wholly Owned Subsidiary of the Fortune 500 and Special Interests.

Seriously. The Senate voted 57 to 41 on largely party lines to defeat what Harry Reid called “a bill whose principles both parties once supported and that 9 in 10 Americans want us to pass,” despite the fact that none other than the Supreme Court encouraged Congress to clarify the law on required disclosure of political donations.

Color me disgusted. They are in effect saying “NO! I want candy for dinner and you can’t stop me!”

Now don’t get me wrong, I think the disclosure requirements shouldn’t have loopholes for the NRA or unions. Then again, I honestly think you should have to demonstrate that you can actually legally vote for a candidate to give them money! Still, this act was a lot better than nothing. And as for Senator Snowe’s criticism that it was written too fast? How quickly she forgets how fast the mammoth pile of legislation known as the PATRIOT Act was passed. Where were her objections to swift legislative answers to problems then? Oh yeah, buried under a blanket of largely unfounded fear that the terrorists were going to try to get us again any moment now.

Got a Republican Senator? Remember come November.

In Closing: Goldman shows us where the money went; next time somebody talks about how great it would be to gamble invest Social Security money in the stock market, remember these 10 stock market myths from, of all places, the Wall Street Journal; No, I do not want bacon in my martini!; Susie‘s right again; “The Special Inspector General for Iraq Reconstruction says the US Department of Defence is unable to account properly for 96% of the money.”; employees becoming as mercenary as their bosses (no wonder); housing consolidation; “Document Leak May Hurt Efforts to Build War Support” (no really? D’ya think??); open letter to Lindsay Lohan from the ACLU; Angle Update; health insurance and small business; and a pile of big yellow dinosaurs that won’t die.

Don’t Make This Hard

Just about everybody thinks that Elizabeth Warren would be the absolute best qualified and most knowledgeable person to run the Consumer Financial Protection Bureau. Everybody except Timmy Geithner and the big financial institutions that got us into our current mess and stand to be regulated by the bureau, of course. After all, she might do things that are better for the hundreds of millions of us who do business with financial institutions, instead of the institutions themselves.

So it boils down to this — and by this we will know where President Obama stands. Does he nominate the best person for the job and ask the Senate to confirm Elizabeth Warren? Or does he nominate some crony who will do whatever the banksters want? And is he brave enough to commit one way or the other before November 2?

In closing: Sharron Angle is at it again; bank profits are worse than they look, which may explain why we’ve had over 100 bank failures so far this year; a real public option could save the Feds $68,000,000,000 in the next 10 years (how can they rationalize not doing it?); insurers push plans that even further limit our choices (and may put an end to all but the biggest medical practices); just a few words about Social Security; if the economy is getting better, where are the jobs and why is the White House predicting no appreciable change in unemployment until 2012?; on education reform; on cocoa (and why is this legal?); “VitaminWater” is not healthy; roughly 1 in 5 Americans suffered a significant economic loss last year, part of rising economic insecurity; but investors demand revenue growth or else!; we’re cutting back on little things; rape is just fine with 92 House Republicans, as long as it’s not white women; the middle class is vanishing, and an oligarchy is in charge; and a little science fiction.

Propaganda

Raise your hand if you think your net worth is over a million dollars!

If your hand is up, you are in a very, very small minority.

It’s been some years since I have had the occasion to say anything about the estate tax. However, now the temporary rollback of that tax is about to expire and all of a sudden we are seeing little pieces in the news designed to make us panic. It’s part of a scheme to blame Democrats for “tax hikes” that are really nothing more than letting the disastrous, deficit fattening Bush tax cuts expire. Today’s salvo from USA Today is titled “Estate tax to return in 2011, and it could hurt ordinary folks.” Of course, it’s mostly wrong.

A $1 million exemption would affect a lot of families that are well out of Steinbrenner’s league. “You take a home, an IRA or 401(k) retirement account, some other savings and you get to $1 million pretty easily,” says Richard Behrendt, senior estate planner for Robert W. Baird and a former IRS attorney.

Let’s take this apart a little bit. According to the National Association of REALTORS, the median price of a single family home in May of 2010 was $166,100. Currently, HousingTracker.net does not report any metropolitan areas with a median price above $500,000.

As for retirement savings, a report that came out earlier this month suggests that most people, even many wealthy people, will run out of retirement savings. It’s hard to find an estimate of just how much money people have saved up. This 2006 item suggests that even the best off of us had less than $100,000 savings in their retirement accounts, and that way before the Great Recession. Considering what stocks have done, it’s not likely that these accounts doubled in value. Even if they did, many were raided by their unemployed owners in the interest of keeping the bills paid.

As for other savings, this Washington Post article, also from 2006, says that we only had $3800 in the bank on average.

In fact, the Wall Street Journal says that at the end of 2009, the average net worth of an American was only $175,600, down from a peak in 2007 of $218,650. And that’s without accounting for mortgages or credit card debt! Even somebody with 4 times the peak average net worth wouldn’t be touched by a tax on estates over $1,000,000. Certainly, somebody with a median priced home, median IRA/401K accounts, and median savings is nowhere near being at risk of owing estate taxes.

It’s pretty easy to see that the expert cited by USA Today is in no way connected to reality as you and I know it. The truth is that fewer in one in ten Americans will receive any inheritance whatsoever.

Of course after pointing out the truth of this statement, opponents of the Estate Tax will do two things. First, they will revert to calling it a “death tax,” just because it sounds scarier and like it will effect more people. Second, they will start talking about how it could [in some alternate reality] effect small businesses and farms. This point applies to so little of the population that George W. Bush couldn’t find a single “victim” of this tax consequence to put in the gallery at the State of the Union Address in the 8 years of his Presidency.

Seriously, if you’ve got a million dollars of net worth and can’t afford some estate planning, you’ve got bigger problems than what happens after you are dead.

And how fascinating that this issue comes up just as some on Capitol Hill are saying Social Security is too expensive and needs to be cut. Talking out of both sides of their mouths as usual.

In closing: Tony Horton Goes to Italy; “Improving neighborhoods is a desirable goal, but it’s not education reform”; 13 reasons the economy really sucks; Darn, I agree with Glenn Reynolds again (this is becoming an annoying habit).

Oooh! A kitten and a ducky!

Heh, I promise, the Latte Economy later today or at worst tomorrow morning.

In Closing: Tony Horton says Soldiers need yoga; mystery trader buys all Europe’s cocoa(!); 10 ways to conserve water; Wall Street Journal whores itself to lets Sharron Angle lie; a follow up, is Dipak Desai competent to stand trial?; Virgin Galactic one step closer to passengers, takes a flight with a crew!; Wacky Arizona (thanks to Brian); FDL notices that banks only follow laws they want to follow; “Link to this“; ghost in the machine at Facebook; geta; and a few words on Social Security.

The New New Economy is Not Improved

Let me start by pointing out that today alone, the FDIC had takeover teams at 6 — yes, 6 — different banks in 3 different states. I think that Count Von Count would not be happy to keep track of this. Another number that would fail to please the Count but might make Dr. Evil happy, an anticipated one million foreclosures this year. That situation will get uglier before a healthy market can possibly emerge.

But as Expert Ezra points out, the reason people are so unhappy with the economy right now has a lot to do with the fact that corporate profits are up over 5%, the actual number of available jobs is down over 5% just since 2007. And frankly, I am of the opinion that without the economic shell game the government has been playing with the data, you would probably find that the 2001 recession never ended.

So then, with unemployment what it is, nobody should be particularly shocked that retail sales are down, again, and specifically sales of big ticket items are down. Nobody being able to afford goods leads quite understandably to the possibility of deflation — particularly if you can’t find a way to mask housing prices that are down by half in some parts of the country. Meanwhile, the rich get richer and the poor can, well, do whatever it is they do.

Add to this toxic stew two items: a political party that still thinks you can raise revenues by cutting taxes, but that making sure that “the least of these” can afford groceries is a bad thing; and a financial reform bill that the nicest thing anybody can say about it is that it’s better than nothing, probably. The safety net is being cut just as we need it most despite our protests, and our largest banks may still have the power to ruin us all.

Next time, assuming I am not distracted by something shiny or butterflies or kittens, The Latte Economy.

In Closing: Gee, greater blogosphere, thanks for noticing what I thought I was too late to say yesterday!; this could be bad; Senator Ensign should really give up now; I wonder how much; and two dinosaurs for the price of one.

America’s Joyous Future

It’s the Jobs, Stupid.

You can’t swing your arms on the internet these days without hearing talk about jobs, and with good reason. We’ve got fewer job openings* and high unemployment, particularly high long term unemployment. It’s all about the jobs, and in many ways its about the fact that despite the law, people much over 40 are having a hard time getting them. And if you’re a new grad? You’ll be taking less pay* than you would have in recent years (and be delighted to have anything, alas). Meanwhile, the income gap is growing and our credit scores are getting worse — a polite way of saying we’re collectively having trouble paying our bills.

However, instead of talking about works programs that would put people to work now and create infrastructure that would create more jobs later, we have Hundreds of Hoovers looking to slash spending anywhere they can — but Heaven Forbid they should slash the Wars Without End, or turn thousands of criminal jobs into decent jobs, or slash actual waste, or make the people (and corporations!) who can most afford to pay taxes pay just a little more! Oh no, we can’t have any of those things.

Nope. They’re saying that tax cuts don’t result in the government getting less money, everything is Obama’s fault, that somehow cutting taxes creates jobs (I suspect the underpants gnomes are integral to that working), and — get this! — we little people are just going to have to get used to the idea that Social Security is going to be gutted.

We may also have to get used to the coming food riots.

I can’t think of the last time I linked Atrios, but he’s right. They don’t care about cutting the deficit, they care about making things better for the people at top and worse for the people at bottom.

Somewhere, Baby Boomers got the idea that there was never gonna be any Social Security money for them, so they set about destroying the system, insuring that prediction came to pass. Now those selfish young adults are getting on towards retirement age, and some of them have been forcibly retired. Talk about raising the retirement age to 70? Fine, but when was the last time you saw a 70 year old bricklayer, truck driver, computer programmer, barrista, or waitress?

So in the end, this is what we’ve got:

In Closing: nuclear explosions (a worthwhile way to spend 14 minutes); malaria; useless fliers; alert the media, the FDIC wants to do it’s job; factory farming means our produce isn’t as healthy as it was 30 years ago; why Johnnie doesn’t know his colors; super-extra polite phrases in Japanese.

*Somewhere along the line, USA Today turned into a proper news source! Kudos to them.

Learning By Osmosis

It took University of Nevada researchers 20 years to figure out that kids who live in homes where they own books — as few as 20 books — have higher academic achievement. The shocking realization was apparently that it had little to do with the parents’ educational level: “Books in the homes of even the barely literate were found to further a child’s education by an average of 3.2 years. In fact, children of parents with less education had more to gain by having books in their homes.”

Well gee whiz.

You don’t suppose it could be that when parents own books, they are showing that reading is a valid activity and education is a valuable thing? Even if those books are all picture books, even if they are all religious books, even if they are all trashy romance novels, the precedent that they are worth having around influences what the kids will think is important by the time Kindergarten rolls around.

Sorry, sending a box of books to the families of “at risk” kids isn’t going to magically make their test scores better.

In closing: Tropical disease hits Sub-Tropical Florida (but no, global climate change is a hoax! All that snow last winter proved it!); the Social Security system is at risk (remember, it has never ever been a savings program so anybody who talks about “returns” on it is an idiot or a thief); just a few miscellaneous oil spill items; miscellaneous medical items; some choice financial “reform” items (Banking index didn’t crash? We’re still screwed then); unemployment and mortgage delinquency (gee, whoda thought those were related??); why we can’t take true libertarians seriously; and help out an animal shelter.

The Water Bottle Saga

Last summer, we made some changes in our exercise routine, such that for the first time it made sense to actually consume some sort of “recovery drink.” A simple glass of water — or refilling one of those water bottles you get at the convenience store — was no longer going to cut it. My requirements for such a bottle included the following:

BPA free.
Dishwasher safe!
No stupid gasket that really should be removed for cleaning or it will get gross, but won’t really fit back in correctly should you manage to pry it out of there.
Mouth of bottle must be big enough to fit ice cubes, preferably from the door dispenser on the freezer rather than having to shove them through individually.
Must be easy to drink from quickly.
Must hold roughly a quart or liter of fluid (I won’t quibble over the small difference between the two sizes)
Must not be prone to leaking.
Must be translucent.

Why translucent, you may ask? We mix our own recovery formula so we can not only control the number of calories involved (here’s the nutrition panel for Gatorade dust; I can choose to make a “weaker” version). We can add a small quantity of glutamine to the mix, something even Gatorade’s scientists admit may be helpful [Update: here’s what we do and why]. If you can’t see through the bottle, you can’t know if it’s shaken enough. For that matter if you can’t see the insides, how the heck do you know it’s really clean?

So this seems to me like a reasonable enough list. I think most people would agree that these are good things to have out of a water bottle for sport/exercise use. Things like “using recycled materials” and other buzzwords are nice, but not if the product can’t do the basic job.

So then consider this list of “best” reusable bottles from HuffPo. What I see here are a lot of bottles you can’t see through, many of which have teeny necks that you have to manually force an ice cube through, and a lot of bottles that you have to completely remove the lid to have a drink. When you only have a 30 second break for hydration, that just won’t cut it. I actually went to REI (why do I bother, they never have what I need) to look at their selection. It was almost exclusively Nalgene and Camelbak products, and not a darn thing that met all my criteria. For what those products cost, I will not settle for “almost.”

As a stopgap — the bottle I had been using had developed a leak around the base of the drinking spout — I found a Rubbermaid bottle that was clear, dishwasher safe, and best of all cheap. However, it was prone to tipping and did have a gasket in the lid. Moreover, that opening looks pretty wide, but it’s a couple millimeters too narrow to avoid spraying ice cubes all over the kitchen. That’s just something you can’t tell in the store.

Yesterday I happened to be in a supplement store when I stumbled across something called the Blender Bottle. While this thing was really designed for some of the heavier protein mixers and such, it fit what I needed perfectly. The little spring thingy is really kind of optional when we’re talking about something as light as Gatorade. The mouth is wide, the spout generous and easily operated, no gaskets, dishwasher safe, even heat safe. So far so good on this thing.

In closing: on the national debt; here‘s obligatory health insurance reform links; the next incarnation of the iconic 747 flies; more reason to like Alan Grayson; the real filibuster-proof majority; the Social Security “reform” idea that just wouldn’t die; and two items on the changing face of employment. What a shame that someone doesn’t get that women are holding their jobs specifically because they often get paid less for the same work!