Independent publishers are a bulwark of free speech, free exchange of ideas, and the struggle for a better world. The last thing one of our best indy publishers (and distributors) needed was a warehouse fire.
AK Press, publishers of my book, The People’s Pension, suffered a calamity just 10 days ago when a fire broke out in the printing plant that adjoins AK’s warehouse and offices in Oakland, California. Three days later, the City of Oakland red-tagged the entire building, which means no one can re-occupy it until it is again deemed safe. AK are still waiting to get back in, which means it’s difficult for the publishing collective to take care of day-to-day business. As they announced last week, Continue reading AK Press Needs Your Help
Social Security’s 77th birthday comes up on Tues., August 14. The Alliance for Retired American is planning events all over the country to celebrate (see details below!). As well it might – Social Security’s benefit checks keep 20 million people out of poverty every year and are helping to prop up consumer spending while the rest of us dig ourselves out of debt. Some people, however, would prefer you stayed home.
I recently spoke with a prominent, U.S.-based money manager for an unrelated project. First, he lambasted the Federal Reserve for keeping interest rates too low, “monetizing the debt,” and preventing a much needed dose of government austerity. Then he told me why Continue reading Why You Should Celebrate Social Security’s Birthday on Aug. 14
What kind of a program did Franklin Delano Roosevelt want Social Security to be? A narrowly designed, fully self-funded system, or a more expansive institution whose funding sources might change over time? Today’s three-way struggle between progressives, conservatives, and the center-right over Social Security’s future makes the question of FDR’s “original intent” more timely than ever.
When I was writing The People’s Pension, my history of the past 30 years of the Social Security debate, I sidestepped – for the most part – the question of what Franklin Delano Roosevelt’s precise intentions were for the program he signed into law in 1935. The early history of Social Security is extremely tangled. The political context was unique. FDR himself was a complex and contradictory figure, and Social Security was much changed by the time my story began, in 1980. But activists on all sides continue to evoke the debates that took place within and around the Roosevelt administration in the 1930s to defend their particular visions of what Social Security should be. In spite of myself, I got interested – and started forming opinions.
So have a lot of other people, at a time when Continue reading Reading FDR’s Mind: “Full Funding” and the Original Intent of Social Security
That’s the real issue behind the Social Security debate – and the deficit fight as well. But it’s almost impossible to have a constructive public discussion about the elderly and the share of the economy they occupy so long as deficit hysteria continues.
Don’t go to Pete Peterson’s Fiscal Times for balanced reporting on Social Security and the federal fisc. That would be like asking Col. Qadaffi for news and analysis on Middle Eastern populism. But every now and then, the miscreants raise an important issue. Perhaps inadvertently, but there it is.
Eric Schurenberg, who purveys politically palatable news to the business community as head of BNET and CBSMoneyWatch.com, published an op-ed in the Fiscal Times last week that purported to demolish the “myths” bolstering “that fiscal fun-house mirror, the Social Security trust fund.” The piece is full of misconceptions that are nicely demolished elsewhere.
But Schurenberg raises an issue that’s been almost entirely left out of the current debate about reducing the deficit and “reforming” entitlements like Social Security and Medicare. “The most destructive myth of all,” Schurenberg writes, Continue reading How Much Do We Care About the Elderly?
Sixteen Republican Senate candidates – almost half the field – have stated their support for diverting some portion of Social Security payroll taxes into private accounts. That reflects the impact on the GOP of the Tea Party movement, which so loves to wrap itself in the cloak of America’s revolutionary past. At least one Founding Father – the most famously revolutionary of them all – would not have recognized their vision of America as his. But he would have found much to admire in Franklin Delano Roosevelt’s.
Say what you want about the Tea Party – its devotees truly love the Founding Fathers. And the Constitution, as narrowly interpreted. Wikipedia defines the “Founding Fathers” as
the political leaders who signed the Declaration of Independence in 1776 or otherwise took part in the American Revolution in winning American independence from Great Britain, or who participated in framing and adopting the United States Constitution in 1787-1788, or in putting the new government under the Constitution into effect.
That surely makes Thomas Paine a Founding Father. So what would today’s Minutemen (or Minutepersons) make of Paine? Better yet, what would he make of them?
Paine is an uncomfortable presence for conservatives, and isn’t much read these days by Americans who like to call themselves “patriots” Continue reading Thomas Paine, the Tea Party, and Social Security