80 Years Later, Republicans Are Still Fighting Social Security
"To campaign against Social Security is to court political suicide. (It certainly didn’t help Alf Landon; he was trounced.) It therefore becomes imperative to convince voters instead that the program is unreliable. That’s the Republican strategy.
Elements of the strategy include:
Insist that the program’s $2.8 trillion trust fund isn’t real, that it consists of “only IOUs” – a description that could just as easily be applied to the Treasury bonds held by billionaires and Wall Street banks, or any other legally executed instrument of debt.
Exaggerate minor imbalances between the retirement and disability funds – funds which many experts believe should have been merged long ago – in order to convince voters that one or both of them is “running out of money,” despite its $2.8 trillion size. This gamesmanship extracts a very real human cost.)
Repeatedly describe Social Security as “going broke,” despite its massive cash flow. Exaggerate relatively minor future shortfalls, without mentioning that they could easily be fixed – and benefits expanded – if millionaires and billionaires were willing to pay into the program at the same rates as middle-class Americans.
Starve Social Security’s administrative budget, even though that budget comes out of Social Security funds and not general revenues, just as millions of baby boomers claim retirement benefits for the first time. Use any resulting delays or difficulties to claim that “government isn’t as efficient as the private sector,” despite the fact that Social Security is run much more cost-effectively than any private corporation in the same general line of business.
The Social Security Act was signed on August 14, 1935. Eighty years later, that’s a heck of a way to wish it a happy birthday.
Why do they do it? Part of the objection is clearly ideological. They don’t want to admit that there are some things that government simply does better than the private sector. That helps explain the overheated rhetoric from the Fox set. To that extent, at least, Social Security’s detractors are sincere (if wrongheaded)."
