I have been greatly disturbed recently by the increasing number of articles I have read promoting the myth that older Americans are committing 'generational theft' in plain sight of their own children and grandchildren.
I am increasingly puzzled why Congress can't act to solve a real problem when the solution is obvious, easy and supported by Americans. Can tiny minorities with loud voices and deep pockets ruin our great nation?
There are a number of reasons why this is important, including the fact that it may scuttle the chance (if there ever was one) for any deal. But something else makes this development what the Vice President of the United States might call "a big effin' deal": It tells us once and for all where the real political center lies.
The maximum, not the expected age of life is the only appropriate planning horizon. Stated differently, we need to plan to live to the last possible date for the simple reason that we might.
"Reform" is a word we have lost and conservatives have taken over. Reform has become a code word for decreasing Social Security and Medicare benefits, for commodifying, marketizing, and privatizing public education, de-funding public higher education and insuring that no rich child is left behind.
While Congressional inaction around Social Security number reform jeopardizes our future financial well-being, federal agencies' needless exposure of our Social Security numbers practically guarantees financial insecurity now.
George W. Bush's attempt to privatize Social Security paved the way for Obama to embrace cuts that, in effect, partially privatize the program.
Recently, I have been visiting my old friend and literary colleague, Anita Cornwell, 89, who has dementia and is in a nursing home. She has been several stages of care at the same nursing home and is now in hospice. Anita is one of the lucky ones.
For the COLA, instead of an annual percent increase, which rewards some hugely and others not so much, we should determine a fixed amount of increase, and assign everyone that same increase.
We need to expand the conception and reach of social security rather than continuously put it on the national chopping block.
For 58 million Americans, the Social Security system works satisfactorily. Therefore, many were surprised when President Obama suggested a fix, using the chained CPI for the cost-of-living adjustment. What's wrong with the Social Security system?
We need to stop the battle of our political brands and take more advantage of the opportunities to try different approaches to problems that federalism gives to each state.
Seventy-seven million baby boomers have entered or are approaching retirement. Social Security will make up the bulk of the income most of these seniors will have at their disposal. As our private retirement system continues to underperform and Medicare premiums rise, cutting Social Security COLAs based on a false premise is bad policy.
The financial transaction tax that is central to the Inclusive Prosperity Act is a chance to make both big investments in our people and our infrastructure, and to make sure Wall Street pays their fair share.
Inequality in America is now at the greatest level in modern history and shows no signs of abating. Corporate profits are at record highs. But have those companies invested that in new jobs? No. Did they at least give their workers a bump in pay? Hardly.
Killing the chained CPI will have two wonderful effects: 1) protecting Social Security and veterans' benefits and 2) forcing the bloated Pentagon budget to be cut. It's that simple as a logical matter, but it's not that simple as a political matter.