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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLabor Leader Crushes Lies About Social Security on CNBC
Simon Hobbs: Are you as clear on the reality that if you have don't cut entitlement benefits this country may well go bankrupt?Damon Silvers: That's frankly not true. That's a lie put forward by billionaires who don't want to pay higher taxes. Social Security is the best funded aspect of our retirement system today and Medicare's long-term issues are integrated with the long-term issues of our health care system. Neither program is overgenerous. In fact both programs are undergenerous. The only people who believe what you said are people not counting on those programs and who are worried their very large incomes will be taxed.
VIDEO & MORE:
http://www.dailykos.com/story/2013/10/18/1248710/-Watch-This-Labor-Leader-Crush-Lies-About-Social-Security-on-CNBC
Jackpine Radical
(45,274 posts)who was caught lying about SS.
Anyway,
pscot
(21,024 posts)Enthusiast
(50,983 posts)I like naked girls.
madokie
(51,076 posts)Blecht
(3,803 posts)Just as the previous reply states, your subject line does not communicate what is inside your post. It is therefore useless and needs to be fixed.
Edit: That was fast!
K & R
spanone
(135,886 posts)senseandsensibility
(17,146 posts)let a "labor leader" on the air. A few years ago, on Labor Day, they had a conservative panel of "journalists" talking about the future of labor. They were giddily outdoing each other with glee about how there was no labor movement to speak of anymore. The network is disgusting even if it apparently let a labor leader talk for a few seconds. Nothing can compensate for their decades of slanted anti-worker bias.
leftstreet
(36,116 posts)If labor is dead and discredited on your own program...
If you want to build a media frame for cutting SS...
Turbineguy
(37,372 posts)CNBC had a steady stream of teabagger congress critters who they let make complete fools of themselves. Heulskamp actually provoked an obviously stunned silence. Lynn Jenkins just gave rehearsed talking points with a smile and would not answer their questions.Yoho and Mulvaney also got a chance to show off their dangerous idiot status.
The stupidity of these people is astounding. They are on a financial network telling the audience that the effects of default will be nothing or benign at most. These idiots should stick with Fox News where they can appeal to the braindead zombie sheep.
I think CNBC people did a pretty good job allowing the teabaggers to look like the morons they are. As such, CNBC did the country a service.
But Simon Hobbs is a useless twit.
Enthusiast
(50,983 posts)The media is so one-sided that it is shocking when they are fair enough to give our side a few words.
"Nothing can compensate for their decades of slanted anti-worker bias."
You are so right. And it isn't only the anti-worker bias, it is a bias against the social safety net, regulation on financial crime and environmental causes.
The media needs to be called out in a huge way.
That's what needs to be said.
7962
(11,841 posts)And I know a few. I dont understand why thats been so hard to do. It would help SS tremendously
Enthusiast
(50,983 posts)It is only elected Republicans that are against raising the cap and they are in lock-step against raising the cap.
SoapBox
(18,791 posts)This bears repeating:
"...That's a lie put forward by billionaires who don't want to pay higher taxes...The only people who believe what you said are people not counting on those programs and who are worried their very large incomes will be taxed."
Exactly! The rich, and even the FuksFakeNews watching non-rich crowd, do NOT want to pay one extra thin dime into either SS or Medicare (even though it will literally save millions of the non-rich crowd from complete homelessness and death).
The filthy rich want every dime of their money and want to pay ZERO towards these "social programs"...they don't
have to worry about anything because they have so much money.
Even my idiot retired brother-in-law, in "the sticks, Michigan" complains non-stop about this stuff...even though he's drawing his SS and got a hip replacement the second he got his Medicare...he's a fine example of the non-rich idiots.
socialist_n_TN
(11,481 posts)nm
Rain Mcloud
(812 posts)The Koch's would cherrypick the morsels for themselves and throw the rest on the fire then complain that there is not enough to go around.
When they don't get seconds they decide not to pay and welch on the TIP making the prices higher for everyone else.
It is way past time for these assholes to pay up with interest and punitive damages for the destruction from their pro-business anti-social hobbies.
Because when you have more than you could possibly spend then it is no longer a necessity,it is a hobby.
F#ck You,Bollweevils!
valerief
(53,235 posts)The Knife Show. I didn't know people actually watched it, except as a background channel in financial industry offices.
crazylikafox
(2,762 posts)He had no answer, & just went to commercial.
So CNBC actually let the Left get the final word on a subject, which almost never happens.
Enthusiast
(50,983 posts)It was an obvious oversight that will be corrected with hours of anti-social security propaganda.
Not Sure
(735 posts)because I may be as misinformed as a Fox News viewer....
Social Security was originally set up to create a minimum income for those whose retirement savings was either wiped out by the Great Depression, wasn't going to be enough or never existed in the first place. Of course the age you collected this benefit was also near the life expectancy of the average person, so the benefit might not be paid at all for many people. Over time, businesses that provided pensions for their employees were able to eliminate those obligations and leave the retirement income of their employees up to individual investments and Social Security. By the time the 401K scheme became the norm, pensions were all but gone and these 401Ks, coupled with the economic bubbles and boom/bust cycles that happened every few years, effectively transferred much of those 401K gains to the wealthy leaving most people just a little bit ahead. Then there was the big push for privatizing Social Security during Bush Jr's presidency, but once people really lost their asse(t)s in the mortgage/security collapse, conservatives shut up about that since had they gotten their way sooner, everyone would have been fucked sideways, instead of just being royaly screwed. Now the last remaining teetering giants with pension obligations find themselves conveniently in front of bankruptcy courts where the rich vultures pick apart the carcass and make a fortune while the pension plans are left paying pennies on the dollar to people with no life or able body left to earn more retirement income. Adding insult to injury, if the teetering giant is big enough, its reemergence as a corporate powerhouse is financed by you and me, the taxpayers, which puts "entitlement programs" at risk. And now all that's left for those workers whose labor made possible this massive creation of wealth is a Social Security system at risk of failing because the corporate raiders don't want to share any of their ill-gotten and largely untaxed gains, and in fact, want to take even more.
Did I get it right?
Enthusiast
(50,983 posts)And social security is the only thing in the entire government that is operating "in the black" to the tune of well over two trillion dollars.
The very last thing that should be cut, out of the entire government, is social security.
alfredo
(60,077 posts)unearned income. They would have to pay FICA on bonuses. Maybe that is why they are so pissy. I guess they think it is unfair to make them pay FICA on the first $106 grand of that $5 million bonus.
Now if they have employees, they will have to match the 7.65% of their FICA. Not many day traders are job creators. They can get around that by hiring illegals and deduct the 7.65 from their wages and pocket it. Hire temps and let the agencies deal with the lumpen.
If they got rid of SSI, they'd also have to get rid of that pesky minimum wage. What good is desperate workforce if you can't exploit them?
JHB
(37,162 posts)...and thus don't receive fees for. Nor can they steer it into the latest "fleecemobile" investment vehicles.
alfredo
(60,077 posts)mikki35
(111 posts)You got it right. And VERY well done!!
DallasNE
(7,403 posts)And attack the messenger claiming Silvers side wasn't smart enough to know what they were advocating for and of course "entitlements" would bankrupt the country. Calling someone dumb that just outsmarted you means the elitist snob loses again.
SoapBox
(18,791 posts)Keep in mind, that what you see on your pay stub for YOUR contribution to SS, is MATCHED by your employer...same for Medicare (wage limits do apply...the "fine" print!)
Why it isn't required to show the employer match on your pay stub, is beyond me...I think employees should see the total figure going into the funds.
AND at least in the case of SS, NO other tax dollars go into it. In Medicare's case, I'm not sure if that being propped up, and if it is then we need to increase the withholding rate and the level where contributions are no longer required.
7962
(11,841 posts)I think the total should be shown too. I also think the company contribution to your insurance should show too. The portion they pay along with your premium.
SoapBox
(18,791 posts)I do, do agree.
Curmudgeoness
(18,219 posts)This year, any wages over $200,000 is subjected to an additional 0.9% in Medicare tax on the employee only contribution.
SharonAnn
(13,779 posts)they're not paying. It's kind of like a pension contribution they make which is actually part of YOUR compensation.
They're not paying it unless you're working for them.
ljm2002
(10,751 posts)Now that is a labor leader! More from Damon Silvers, please... He let them have it, calmly and directly and with factual arguments.
K&R
SoapBox
(18,791 posts)Chrom
(191 posts)It is that simple.
The absurdity of spending our trust fund on wars while giving out tax cuts to the rich has to be brought to light and people need to be punished. They need to pay us back.
Uncle Joe
(58,426 posts)Thanks for the thread, kpete.
Warren Stupidity
(48,181 posts)sabrina 1
(62,325 posts)huge fund to gamble with on Wall St. DON'T give it them, give it those who OWN it, INCREASE SS Beneifts!!
What a joke. They should merge with Fox Business Network already and drop all pretense.
JEFF9K
(1,935 posts)... of kicking BITCHES FOR BILLIONAIRES butt!
MannyGoldstein
(34,589 posts)Thanks.
Martin Eden
(12,875 posts)THAT is the message that needs to be said over and over again and driven home into the hearts and minds of the American voter
IkeRepublican
(406 posts)Played the, "most people don't pay taxes" wingnut charade. It's a widely used one, but easy to kill. Have had it used on me by wingnuts during regular conversation.
"When you receive your paycheck or stub after direct deposit, is there money subtracted for federal tax?"
Naturally, their answer is yes.
"So, you pay taxes. Everybody pays taxes. When you get the check, the money's subtracted. Eff'ing duh!"
And that usually sends them off into some Beckerhead blather about some guy who knows some other guy who knows the girl who saw Ferris pass out at 31 Flavors last night.
ReRe
(10,597 posts)... you hear some truth, expecially on CNBC... as well as the expressions on the anchor's face when it's done?
grahamhgreen
(15,741 posts)cantbeserious
(13,039 posts)eom
JDPriestly
(57,936 posts)Best statement on Social Security that I have ever heard.
Let''s hear more from Damon Silvers. That was clear, succinct and made the point strongly.
sabrina 1
(62,325 posts)the Heritage Foundations decades long lies about SS.