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MONDAY, NOVEMBER 23, 2009

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Matt Taibbi

Palin: Our First WWE Politician

Pick an asshole, any asshole, and she'll rock the house

Nov 22, 09 10:44 AM CST
analysis

Book Tour Shows Palin
Hitting a Nerve

'Going Rogue' phenomenon may foreshadow something bigger

Nov 22, 09 2:46 PM CST
the big plan

Beck Will Host Conventions
to Educate America

He's shifting toward political organizer, plans big DC rally

Nov 21, 09 5:06 PM CST
editorial

NYT to Blankfein:
Your 'Apology'
Is Bull

Editorial board schools Goldman CEO in true meaning of 'sorry'

Nov 22, 09 4:53 PM CST
Palin Pulls in Big Bucks
—for Democrats

'Going Rogue' boosts Dem fundraising to new high

Nov 21, 09 6:50 AM CST
Senate Democrats Clear
Health Care Hurdle, 60-39

Reid gets 60 votes to open full debate after Thanksgiving recess

Nov 21, 09 7:13 PM CST
NO COMMUNION FOR YOU, MY SON

RI Bishop Disses
Kennedy Over
Pro-Choice
Stance

Spat over Patrick's position on abortion escalates

Nov 22, 09 8:23 AM CST
who let the paranoids out?

46 Years After Kennedy, the Virus of Hate Is Back

Republican Rep. Louie Gohmert panders to dangerous paranoids

Nov 21, 09 9:08 AM CST
TALK SHOW ROUNDUP

McConnell:
Dems Proceed
at 2010 Peril

Senators hit the Sunday talk shows after health vote

Nov 22, 09 11:15 AM CST
Billboard Links Obama to Jihad

Colo. car dealership wants this opinion heard

Nov 20, 09 8:42 PM CST
Eyes on 2010

Lincoln
Swings to
Center of
Health Debate

Dems come calling as GOP eyes her seat in 2010

Nov 22, 09 1:03 PM CST
HE'S GOT A BOOK OUT, TOO

Beck to Unveil
'Big Plan' at
Saturday Rally

Righty pundit OK with destroying Dems and GOP

Nov 20, 09 8:07 PM CST
Neglected Ind. Fans Boo Palin

Hecklers accuse her of 'quitting on the job'

Nov 20, 09 3:50 PM CST

|NEXT STORY »

Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

Posted Sep 27, 09 4:40 PM CDT|

(AP) – Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next 2 years, the first time that's happened since the 1980s. The deficits—$10 billion in 2010 and $9 billion in 2011—won't affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.

Applications for retirement benefits are 23% higher than last year, while disability claims have risen by about 20%. Social Security officials had expected applications to increase from the growing number of baby boomers reaching retirement, but they didn't expect the increase to be so large. "A lot of people who in better times would have continued working are opting to retire," said a Berkeley economics and law professor. "If they were younger, we would call them unemployed."

Projections of Social Security payouts and tax revenue for 2010 and 2011. (J. Bell)

Trays of printed Social Security checks wait to be mailed from the US Treasury's financial management services facility in Philadelphia. (Bradley C Bower)

« Prev« Prev | Next »Next » Slideshow

11.20.09

The Health-Care Wars Have Just Begun

11.19.09

Sarah Palin Deserves Some More Attention

58 comments

VIEWING:

Stasis
Sep 27, 09 4:49 PM CDT

I fully expect the same grumpy, old, feeble and about-ready-to-keel-over people who protested the evils of socialized Medicare...er....I mean medicine to stage angry town hall protests, wave their canes and spill their Sanka in disgust over this.... Reply

IN RESPONSE:

doingtherightthing
Sep 27, 09 5:46 PM CDT

This comment has been removed by Newser’s community. You must be logged in to view this comment.

-11

IN RESPONSE:

tman3220
Sep 27, 09 6:19 PM CDT

AMEN doingtherightthing!!!!1 YEAH!!!!! Vote Der burty's outta there. It's going to happen and I CAN'T wait!!!!

-12

IN RESPONSE:

dontlikeyou
Sep 27, 09 7:44 PM CDT

Welcome to Obama's world.

-9

IN RESPONSE:

JonmarkP
Sep 27, 09 8:09 PM CDT

1. Tax all income, not just wages. 2.Eliminate the cap. Jesus, people, it doesn't get any simpler than this.

IN RESPONSE:

Jayster999
Sep 27, 09 8:37 PM CDT

10% flat tax on everyone, including banks, the Federal Reserve, foundations, trusts and corporations.

-2

IN RESPONSE:

dax
Sep 27, 09 8:42 PM CDT

Welcome to Republican world: Reagan's 600 ship navy, Bush's 747 mounted lasers, and deregulated financial markets.

+12

IN RESPONSE:

emptycalm
Sep 27, 09 8:54 PM CDT

You say vote them out, but vote for who? the republicans we just kicked out for doing the same thing? Doubtful anyone will want to do that either. Instead of this constant criticism of the "left", a very debatable term yr using there, why not provide us with a list of actual small government politicians who aren't going to sell us out to either the government or their CEO buddies or expand the US empire or turn us into a theocracy. Probably a very small list if you can even name one.

IN RESPONSE:

riffran
Sep 28, 09 12:12 AM CDT

sanka?? that crap is nasty

IN RESPONSE:

newzjunkie
Sep 28, 09 12:40 AM CDT

stasis... just wait you'll be one of them yourself soon.

| 0 minutes ago

RockyPneumonia
Sep 27, 09 4:57 PM CDT

Interestingly, even though the right-wing wackos have been shouting that a health care public option would be as inefficient as Social Security, it turns out that until the Bush Recession, Social Security's been running a surplus. Reply

+13

IN RESPONSE:

RockyPneumonia
Sep 27, 09 4:59 PM CDT

So, for once, they're right.

-1

IN RESPONSE:

tman3220
Sep 27, 09 5:06 PM CDT

This comment has been removed by Newser’s community. You must be logged in to view this comment.

-28

IN RESPONSE:

DJM420
Sep 27, 09 5:16 PM CDT

that's not the least bit relevant to the discussion, tman3220. be more constructive with your criticism, please

+11

IN RESPONSE:

Fondue
Sep 27, 09 5:47 PM CDT

Of course tbagman lacks the balls to even explain what being black has to do with anything. tman, drop the racism, or your days are numbered on this site.

+10

IN RESPONSE:

tman3220
Sep 27, 09 6:16 PM CDT

i said that about electing a black man to make yall mad. LOL. It was fun to me anyway :)

-17

IN RESPONSE:

Doctor_Zaius
Sep 27, 09 6:31 PM CDT

Yeah, that's it. It was a joke! Kind of like Mississippi is a joke!

+14

IN RESPONSE:

Fondue
Sep 27, 09 6:55 PM CDT

And right on schedule with the spineless cop out.

IN RESPONSE:

tman3220
Sep 27, 09 9:58 PM CDT

Kinda like Mississippi is a joke! What in the world does that mean you moron. I'm not from Mississippi, and Obama isn't black anyway. He's mixed. Yall just wish that rapist Clinton was still in there. LOL. You folks are a hoot.

-8

IN RESPONSE:

Doctor_Zaius
Sep 28, 09 7:56 AM CDT

Mississippi is a joke genius, and I don't care if you're from there. Obviously you ended up there.

IN RESPONSE:

WallyEFunk
Sep 27, 09 6:25 PM CDT

Thats what the article said the 2,5 trillion is not there. The PPL that paid into it should of been collecting interest. And recieved a bigger payout when they retire. who's to blame?

| 0 minutes ago

Jayster999
Sep 27, 09 5:48 PM CDT

We need to turn away from socialism and unchecked government or this country will end up broke. Reply

-9

IN RESPONSE:

RockyPneumonia
Sep 27, 09 6:27 PM CDT

Fortunately,no sane, intelligent person thinks we're anywhere near, or headed in the direction of, socialism.

IN RESPONSE:

WallyEFunk
Sep 27, 09 6:31 PM CDT

Could U ever think America could go socialist ? I think not, the tea parties would be blood baths. You could never get the police, army, or reseverist to help.They would be fighting agains't. Why can't normal PPL figure that out?

-2

IN RESPONSE:

Fondue
Sep 27, 09 6:56 PM CDT

Socialism is not bad.

IN RESPONSE:

tman3220
Sep 27, 09 10:03 PM CDT

Oh yeah Fondue, then please move your ignorant behind to Russia. NO, we will never be a socialist country because we are going to flush these guys down the hole that are trying to push it on us come election time.

-8

IN RESPONSE:

JaneMP
Sep 27, 09 10:10 PM CDT

Jayster--in case you didn't notice, the country IS broke--and a Republican was in office when that happened.

IN RESPONSE:

Fondue
Sep 27, 09 10:15 PM CDT

Russia was Communist. Socialism is still not bad. How does my statement make me ignorant? And how would going to a semi-presidential republic help? I live in a federal republic, what's the difference?

IN RESPONSE:

Face-Of-RNC
Sep 28, 09 12:08 PM CDT

Turning toward unchecked capitalism is what has ruined this country's financial condition. As for the police and army not allowing socialism, they will allow whatever form of government gets voted in. Consider that our taxes are collected to pay for police and military forces. That makes them socialist organizations, what’s the way out? How about Blackwater in charge of all military and police organizations nation-wide? How about no possibility of the people doing anything for themselves, but instead, any activity must be provided on a for-profit basis via corporations. This is neo-conservatism, and if I have to choose between it and socialism, I'll take our present form of mild socialism any day

| 0 minutes ago

WallyEFunk
Sep 27, 09 6:28 PM CDT

The government is broke. All governments are in debt. But some how my taxes haven't matched the debt? MMMmmm I would ask U to think why.but U have a single rhythm, to drum too. Reply

| 0 minutes ago

SPH
Sep 27, 09 6:54 PM CDT

Remove the cap for those making $120,000 plus....Problem solved..... Reply

| 0 minutes ago

Jayster999
Sep 27, 09 8:25 PM CDT

When the government takes from one person via taxes and redistributes the money to another person, that is socialism. Socialism is a system by which the have-nots can steal money from the achievers via legislated theft. SPH: Why pillage from those who earn a decent living? Fondle: Why is socialism not bad? It bleeds out the middle class until they join the ranks of the poor. It gives the poor excuses for failing rather than incentive to work hard and move up the ladder of success. Socialism is an evil system that rewards the mundane and punishes the innovative. It appeals to losers, criminals, drunks and druggies. We have a society that encourages upward mobility, why would you replace that with the government teat? Reply

-3

IN RESPONSE:

dax
Sep 27, 09 8:49 PM CDT

There's plenty of the corporate world sucking on a government teat creating financial drag on the economy. There's plenty of lip service paid to the concept of "free market" by the captains of commerce, who in reality pursue monopolistic goals that result in redistribution of money away from the middle class both as consumers and as taxpayers.

IN RESPONSE:

emptycalm
Sep 27, 09 9:10 PM CDT

Socialism is the working class gaining control over the means of production instead of it being in the hands of the capitalists who DO NOT do any of the labor. I would hardly call that stealing from the working class. The welfare state does exist under statist socialism, yes, but even that type of socialism itself is a transitory stage to communism where there then will no longer be a large centralized government. If money is more of a motivator to work than helping out your fellow humans than there is a flaw in society itself. Capitalism has taught people to be selfish because that is how you "climb the ladder". That sounds more "evil" to me than a system that gives the people control over the means of their own labor.

IN RESPONSE:

Netstorm2k9
Sep 27, 09 9:21 PM CDT

@emptycalm, everything you say is given the lie by the fact that human corruption percolates all power structures, and socialism is no exception. You say that it is desirable for the working class to gain control of the means of production. But who runs them? Who distributes the work and the wages? Do you not think the deciders in these issues will be corrupted just as much as a senator is by an oil lobbyist?

-4

IN RESPONSE:

emptycalm
Sep 27, 09 10:03 PM CDT

well socialism is not about personal power or achieving such. If the working class gained control of the means of production I guess they would be the ones who dictate the work and the wages instead of the capitalists. It would be more concentrated on the needs of the many instead of the wants of the few. It is idealism indeed to assume no one would try to take power of that situation which is why I would not call myself a socialist. Most socialists approve of a big government or vanguard party to keep the socialist revolution going but as we have learned from history, a big forceful bureaucracy is a very dangerous thing. Socialism is not above corruption but if enough people actually studied marx and other socialist thinkers, I think that would fend off a lot of the corruption that would appear. But that is as likely as regular people studying Wealth of Nations.

IN RESPONSE:

tman3220
Sep 27, 09 10:08 PM CDT

Dude, don't waste your time. These idiots are way to confident in their ignorance. They can't name ONE socialist country, where people are doing half as good as our middle class. And that's the point of capitalism. ANYBODY can be great, rich, prosperous, whatever!!! Just look at Kanye West for crying out loud. These idiots kill me talking about EVIL corporations. Hey theirs bad apples in every bunch, but the fact that people CAN make all the money they want, creates jobs for all of us. Because Sam Walton couldn't run 10,000 stores by hisself. And Bill Gates couldn't do it all by himself either. The ASININE idea that these EVIL CEO's sit there with all the money is ridiculous. I wish you guys would get a job and a life. Your killing me.

-6

IN RESPONSE:

JaneMP
Sep 27, 09 10:13 PM CDT

Oh, please--we have a government that encourages upward mobility? The good old American myth. Tell me why studies show that the wealthiest 1% get richer and richer while the rest of us fall back. And people like YOU allow them to do this! Why?

IN RESPONSE:

emptycalm
Sep 27, 09 11:32 PM CDT

Anyone can not be "great rich prosperous whatever". In a capitalist system you will always have the exploiter and the exploited. The capitalists need someone to walk on otherwise their system would fail. But If you're referring to any natural born citizen having the freedom to learn how to exploit his fellow man to get to a more "elevated" standing in society then yes, you are right. Anyone can indeed make lots of money. But not everyone or anywhere close to that. The top 1 percent make more than most of us in this country combined.

IN RESPONSE:

Antiks
Sep 28, 09 5:30 AM CDT

They got lucky, hard work has nothing to do with it. There are plenty of poorer people who work their asses off and get nowhere. Tax the billionaires!

IN RESPONSE:

Unaffiliated
Sep 28, 09 2:21 PM CDT

tman, Check out the book, "Outliers". To use the example you bring up of Bill Gates, his success is partially due to his innate, God-given abilities, and mostly due to him being in the right places at the right time. He had access to a computer in high school that was more powerful than most universities or companies had at the time. NO ONE else in the world had that opportunity. He was able to chalk up about 10,000 hours of programming time faster and sooner than pretty much anyone else, and then he had the chance to write DOS, drop out of college, and found MicroSoft. So now he's one of the richest men on the planet. does he deserve to be rewarded for helping to bring in a new age where you and I can have this discussion in the first place? Of course he does. Does he *deserve* to have BILLIONS when a child born into poverty in Harlem or LA or Haiti or Somalia has a slim chance of surviving to adulthood? No, not for being so lucky as to be in the right places at the right times. Perhaps that's why he's spending all his time now focusing on education and health care in the 3rd world.

| 0 minutes ago

Jayster999
Sep 27, 09 10:12 PM CDT

Netstorm: That is the BIG LIE of Marxism/socialism. The dictatorship of the proletariat is actually just a run-of-the-mill dictatorship--in ALL cases. Also, the idea that the "large centralized government" will "fall away" is laughable. NO supporter of this communist rubbish can name a single instance in which the people are not oppressed and/or the government shrinks--unless they are referring to the murderous purges which commonly take place. Reply

-4

IN RESPONSE:

Fondue
Sep 27, 09 10:24 PM CDT

Socialism is still not bad.

-1

IN RESPONSE:

Jayster999
Sep 28, 09 12:00 AM CDT

Neither is free enterprise. Why don't we try that?

IN RESPONSE:

emptycalm
Sep 28, 09 12:12 AM CDT

free market capitalism would destroy the planet. No one would be able to make these corporations/companies stop dumping in the river or deforesting the rainforest or using children as slave labor to make cheap products. They would have no one to answer to and could pay off anyone they needed to, kind of like they somewhat are able to do now. That system would not work for a majority of the people on the earth.

| 0 minutes ago

Enoughie
Sep 27, 09 11:20 PM CDT

Social Security is the biggest Ponzi Scheme in the history of the world... Reply

-4

IN RESPONSE:

Enoughie
Sep 28, 09 10:30 PM CDT

For the thumbs down: truth hurts, doesn't it? Social Security is a system that pays returns to retirees from money paid by subsequent "investors", and not from any actual profit earned. That's also the definition of a Ponzi Scheme. Before the base of taxpayers was much larger, now we're going to have a lot of baby-boomers retiring. So the base of taxpayers shrinks, while the base of retirees expands. Sure, you can raise taxes (and as I understand some of you have no problem with taking other people's money through taxation), but that won't really solve the problem, it would only delay it, while shrinking the economy...

| 0 minutes ago

riffran
Sep 28, 09 12:25 AM CDT

I have heard many many arguments for socialism, and none of them have ever came close to convincing me as to why I should give ANY of what I earn by the sweat off MY brow, and have it given to those that wont get off their butt and do the same...(exceptions are those who actually cannot earn a living because of severe injury, blindness ect...some people just cant..I realize that) Reply

-3

IN RESPONSE:

JonmarkP
Sep 28, 09 1:00 AM CDT

Um...you give shitloads of what you earn to "investors" who do nothing but sit by the pool clipping stock coupons. What they are sitting on is their butts and your back. If you have to share (and you do) why not share out with your fellow workers and down to the poor instead of up? As it is, your not just a tool, you're an eager tool.

IN RESPONSE:

emptycalm
Sep 28, 09 1:06 AM CDT

It's hard to get anyone in the US to fight for a cause due to the epic amount of laziness here. Back in the early 1900's it was different and I'm sure a lot of you would have been in or supported socialist movements. It wasn't about creating a welfare state but fighting against government and big business corruption on the side of the working class to create something much more humane. Now, america is too complacent and lazy and has exported all of it's hard jobs to other countries. Or it has just hired a mexican workforce. So no, as of now, there is little reason to be a socialist in america. But if you notice, I am just addressing misconceptions about socialism, not advocating its practice in the US. I do think it is however, if used correctly, which it never has or probably will be, a better system than capitalism.

IN RESPONSE:

riffran
Sep 28, 09 2:50 AM CDT

sorry Jon...still not an answer...For example..Do you remember The unemployed grossly obese mother and daughter in the story fron NPR whining because they couldn't afford Meat? Mom was *ahem* "disabled" because of some accident so she claimed and unable to work, the equally immense 19 year old daughter was talking about how her buddies were telling her to squirt out a kid or two so she could get bigger welfare checks....over 250lbs each and whining because the govt. Teat wasn't producing enough for them to eat ....THAT kind of thing is all over every town in America..THEY don't deserve a red cent..I have no problem helping those that actually need it, as I have said, I donate extra garden produce to food banks, or locals I know really need it, we donate extra clothes that are in good shape to local collection sites that serve my community, so I give plenty..as you said, but it is in a manner of my choosing, and for 90% of it I know who it goes to (small town ya know..lol)..but by stating that "investors" do nothing but clip coupons, does that mean that they are not doing "something"...They are making money for others and getting something for their effort, by doing the foot work of the stock and bonds business?

-2

IN RESPONSE:

Fondue
Sep 28, 09 8:31 AM CDT

Actually riffr, It is an answer. And your hatred for the obese is despicable. They shouldn't get more than they deserve though. As a farmer of sorts, I would think you would realize we can't eat money.

| 0 minutes ago

chas_m
Sep 28, 09 1:09 AM CDT

Statis is absolutely right, and the rest of you are just HOPING and PRAYING America fails. Who's the real patriots here?? SS could be fixed with minor, painless measures if Congress had any spine, maybe in 2010 ... Reply

| 0 minutes ago

Derni
Sep 28, 09 7:15 AM CDT

Thsi is a world created over the last 20 years-banks-loans-Gov't spending-war-and a world economy not just a US financial market-don't blame Obama-he hasn't been in long enough to screw it up like Bush-and Amkericans-living beyond their means etc. We have heard for years that social security was not secure-did we listen years ago? NO! We have heard about the cost of medical care and the impending problem it will cause if not controlled-will we listen?? Reply

| 0 minutes ago

Unaffiliated
Sep 28, 09 2:23 PM CDT

I don't mind the government taking a little bit of my money to help others survive after they're no longer able to work. But I sure won't be depending on the government to provide for me. Reply

IN RESPONSE:

Face-Of-RNC
Sep 28, 09 7:55 PM CDT

Well if you're driving on public roads, then you are depending on the government to provide for you. If you enjoy a non-flooded town because of a Core of Engineers dam, same thing. If you have any clean air to breath you can thank the governmnent, and if you prefer dirty air and polluted water, you can thank the anti-government people for gutting the EPA. Would you rather live in a country that has no military, no police force, no fire department? If not then you can thank your government for providing these services. The fact that there are any regulations at all for banks and other financial institutions is due to your government. Your retirement fund would probably be worth 30 to 50% more right now if the government financial regulations had not been gutted over the last few decades. The fact that some shyster corporation hasn't bilked you out of the remainder of your retirement is probably due at least in part to government regulation. And remember where your hard earned dollars come from. If it weren't for the millions of poor and working people in this country, buying products and services, there would be no millionaires, and certainly no billionaires. So lighten up when it comes to complaining about people who aren't as smart or lucky as some are. Any money you are providing to those just too lazy to do for themselves is actually miniscule. It's a lot more likely that your tax dollars are ending up as corporate profits, rather than food in the mouths of poor people.

IN RESPONSE:

Unaffiliated
Sep 29, 09 9:34 AM CDT

@Face, I'm only saying my plan for retirement is not to rely on Social Security. I'm not an anti-federalist. I appreciate the Federal government very much. I actually work for a government contractor, so my salary comes straight from tax revenues.

| 0 minutes ago

SpotlessCrab
Sep 28, 09 9:33 PM CDT

SS would be fine IF Reagun would not have looted the trust fund and put it in the general fund. Reply

| 0 minutes ago

View all 58 comments »

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Social Security Faces Grim Forecast for 2010, 2011

Payouts will exceed tax receipts for first time since 1980s

IRS May Cut 401(k)
Contribution Limit

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Social Security, Medicare Going Broke? Terrific!

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Early Retirees Face Shaky Financial Future

Bucking poll, older workers ditch work
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Social Security Faces Grim Forecast for 2010, 2011

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opinion

Social Security, Medicare Going Broke? Terrific!

MORE ABOUT: health care • bankruptcy • Medicare • retirement • aging • Social Security • retirement benefits • politicians

Early Retirees Face Shaky Financial Future

Bucking poll, older workers ditch work in tough economy

MORE ABOUT: baby boomer • retirement • recession • Social Security • retirement benefits

taxes • retirement • disability • deficit • unemployment • baby boom • Social Security • budget deficit • retirement benefits

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IRS May Cut 401(k)
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IRS • pensions • retirement • Social Security • Internal Revenue Service • contributions • 401k • retirement benefits • 401(k) plans

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health care • bankruptcy • Medicare • retirement • aging • Social Security • retirement benefits • politicians

Bucking poll, older workers ditch work
in tough economy

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baby boomer • retirement • recession • Social Security • retirement benefits