Social Security

By Matt Vespa | December 7, 2012 | 6:47 PM EST

The PBS NewsHour has yet to invite a strong conservative on the program to talk about the fiscal cliff.  Tuesday night they had New York Times columnist, left-wing economist, and Obama cheerleader Paul Krugman to detail his view.  Wednesday night they had moderately-conservative Sen. Bob Corker ( R-Tenn), but last night was the most interesting. PBS invited the Norquist of the left, Max Richtman, of the National Committee to Preserve Social Security and Medicare, who insisted we shouldn’t be in a rush to reform our entitlement spending. 

After all, when the unfunded liability of both programs is around $100 trillion dollars, what’s the big hurry? Where’s the fire? Suffice it to say, none of Richtman's claims were met with skepticism by anchor Judy Woodruff.  She continued with her interview, as if what Richtman said was fact.

By Noel Sheppard | December 5, 2012 | 9:29 AM EST

Actor and activist Ed Asner is the narrator of a new video called “Tax the Rich: An Animated Fairy Tale.”

It was produced by the California Federation of Teachers (video follows with transcribed highlights and commentary):

By Ryan Robertson | November 28, 2012 | 5:12 PM EST

In an interview with CBS News anchor Scott Pelley last week, Goldman Sachs chairman and CEO Lloyd Blankfein immediately brought up a highly sensitive subject that liberals in the media and highest levels of government refuse to acknowledge: entitlement spending on Social Security, Medicare, and Medicaid are unsustainable at their current rate and need significant reform to ensure those programs exist in the future.

In response to the clip, MSNBC host Ed Schultz and Teamsters President James Hoffa were beside themselves on Tuesday night's Ed Show -- offended that Blankfein would voice such a "misinformed" view on national television. The only son of the notorious Jimmy Hoffa was ardently opposed to the idea that there is anything currently wrong with the system as is, to suggest otherwise is just "outrageous" he thundered. [ relevant video & transcript below ]

By Noel Sheppard | November 19, 2012 | 4:04 PM EST

Schlockumentary filmmaker Michael Moore had some straight talk for Barack Obama Monday.

In a letter to the President published at the perilously liberal Huffington Post, Moore advised Obama to "DRIVE THE RICH RIGHT OFF THEIR FISCAL CLIFF" while putting an end to "the s***ting on the poor."

By Ryan Robertson | November 16, 2012 | 4:58 PM EST

Nuns on the Bus tour leader Sister Simone Campbell appeared on MSNBC's The Cycle on Thursday afternoon to discuss her ministry, which predictably led to her left-wing agenda becoming the focal point of the conversation. The only host to take issue with her talking points was token conservative S.E. Cupp, who was armed with facts and figures that the good sister could not rebut except by adamantly insisting they were "really wrong." That's when it started getting a little tense. [ video below, MP3 audio here ]

 

By Matt Vespa | November 12, 2012 | 4:30 PM EST

Last Friday, in his first post-election remarks on PBS and NPR, New York Times columnist David Brooks downplayed his usual bash- conservatives  narrative, and actually castigated liberals for wanting to go over the looming fiscal cliff.  He said that liberals are more organized, they’ve won the election, and will get most of what they yearn for if we do go over the waterfall: increased revenue, tax hikes, and cuts to defense spending.   

Strangely, his liberal colleagues, Mark Shields on PBS and E.J. Dionne on NPR, seemed to agree with this claim – undercutting the notion that this "cliff" is dangerous to both parties.

By Tom Blumer | September 30, 2012 | 8:45 PM EDT

The Associated Press, aka the Administration's Press, has been running a series of "Why It Matters" items in the run-up to the presidential election purporting to educate readers about important issues.

Reporter Stephen Ohlemacher's contribution to the series concerning Social Security opens with a bald-faced fib, omits the fact that the system's benefit payments and costs have exceed payroll tax collections for several years, and doubles down on the fib at the end. His opening sentence and other excerpts follow the jump:

By Tom Blumer | September 29, 2012 | 9:43 AM EDT

From the "I thought Social Security was supposed to have solved this decades ago" Dept.: The State of California has just passed a law mandating opt-out pension plan contributions of 3% of earnings for six million workers in the private sector, or roughly half of its private sector workforce.

The targeted population is the cadre of those working at employers of five or more who do not offer a retirement plan. It has the distinct aroma of a bailout, because of who gets to manage the money. Excerpts from a predictably dreadful Associated Press report by Judy Lin follow the jump (bolds and numbered tags are mine):

By Rich Noyes | August 11, 2012 | 11:26 AM EDT

Previewing the choice of Paul Ryan as the GOP vice presidential candidate, the ABC, CBS and NBC morning shows all used Democratic framing to describe the House GOP budget plan that Ryan championed as a plan to, as CBS’s Bob Schieffer put it, “cut more than $5 trillion over the next ten years.” ABC’s Bianna Golodryga passed along the demagogic rhetoric of liberals: “Democrats, meantime, contest that it will destroy Medicare and Social Security.

But Ryan’s plan would actually increase federal spending over the next ten years, from about $3.6 trillion this year to just under $4.9 trillion in 2022. The $5 trillion in “cuts” are merely reductions from the much-higher spending anticipated by President Obama’s budget. (See tables starting on page 88.)

By Tom Blumer | August 7, 2012 | 2:44 PM EDT

The modern equivalent of a broken record, which used to be a common saying about someone who says the same thing over and over, is the "infinite loop" -- "a sequence of instructions in a computer program which loops (i.e., repeats) endlessly."

On Social Security, the establishment press has played a false infinite loop for decades, namely that its "trust fund" contains lots of real assets. Here is Stephen Ohlemacher's replay of the loop found in his coverage at the Associated Press on early Monday:

By Brad Wilmouth | July 4, 2012 | 12:39 PM EDT

Wednesday's Today show on NBC ran a four and a half minute piece profiling Saratoga Springs, Utah, Mayor, and congressional candidate Mia Love, who has a very good chance of being the first black female Republican elected to Congress.

MSNBC's Daily Rundown show on Tuesday ran a similar report on the Utah Republican.

On the July 4 Today, guest co-anchor Willie Geist introduced the report:

By Noel Sheppard | June 3, 2012 | 3:22 PM EDT

Readers are strongly advised to remove food, fluids, and flammables from proximity to their computers prior to reading any further. You've been warned!

New York Times columnist Paul Krugman said on ABC's This Week Sunday, "It's terribly unfair that [President Obama is] being judged on the failure of the economy to respond to policies that had been largely dictated by a hostile Congress" (video follows with transcript and commentary):