Well, it's nice of Jim Geraghty at Rich Lowry's NRO to try and tell us what a wonderful, somewhat conservative Republican Mike Castle is. Think about it, folks. In the video Jim posts, one I also posted, Castle basically claims we are now in the era of bi-partisan national health care, whether we like it, or not. And that doesn't bother NRO, they actually think it's a good thing.
It's time to admit what a dismal failure Rich Lowry is. It isn't as if it's a big secret in conservative circles. National health care? Obviously, that's no problem, according to Lowry's NRO. The truth is, NRO isn't capable of leading anything when it comes to a movement, not a conservative one, any way. I don't even want to think of the kind of movement a conservative should associate with Lowry's NRO today.
As for what they don't want you to know about Mike Castle, how's this from Redstate, for starters, with more below. Castle has forty years in, allegedly, as a public servant. How many honest people who work hard for a living every day are able to accumulate personal wealth in excess of 8 million dollars on what is little more than an honest pay check? Why isn't NRO interested in whatever corruption could lead to Castle accumulating that kind of wealth as a member of the House?
He is a forty year career politician who happens to call himself a Republican, as once did Charlie Crist, Arlen Specter and Jim Jeffords. Mr. Castle is a habitual tax raiser. He is unwaveringly pro abortion and he has earned an F- rating from The NRA. He voted for TARP, Porkulus, the auto and banking industry takeovers, Cash for Clunkers as well as Cap and Trade. Most recently, he co-sponsored the disclose act which is nothing more than an assault on the first amendment designed to muzzle his political opposition.
While on the topic of opposition; Mr. Castle has made it clear that were he elected senator, regardless of his political affiliation, he has no intention of opposing current Democrat policies. This is entirely consistent with Mike Castle’s long liberal record of growing government.
In his forty years as a “public servant” Mike Castle has managed to accumulate for himself an estimated $8 million dollar personal net worth. Now he has decided to make an issue of his conservative primary challenger’s finances.
NRO doesn't, as Buckley intoned, stand athwart history and yell stop, any more. They stand outside corporate and donor offices saying, how much? That, when they're not standing outside establishment Republican's Hill offices saying, can I please come in? Look how nice we were, endorsing John McCain! Look at how we embarrassed ourselves to help elect your pick, liberal Mike Castle in Delaware.
We're NRO. We're the conservative voice of American politics (wink wink). Okay, really, we're just Republican whores and we have absolutely no shame about it. Just keep the cash and the access coming, we'll be good little boys and girls.
As if John McCain wasn't enough and perhaps arguably excusable - now it's liberal Mike Castle, too? They're smart enough to know Castle plays the usual games with his voting, providing just enough cover to remain a Republican, while selling us out on everything that truly counts. An F rating from the NRA. He voted for the Disclose Act, Cap and Trade, S-CHIP, against the surge. He's fully in bed with the SEIU. Read it at link.
And that's who Buckley's NRO is schilling for today? What a disgrace as an allegedly conservative magazine. Bill Buckley wouldn't line his bird cage with the establishment rag Lowry has made NRO into today. While we're throwing out corrupt politicians, we might do well to throw out Lowry and some of the GOP flacks and hack writers at NRO so willing and quick to sell out conservatism today, as well.
Events of the last week have made the Deficit Commission an embarrassment. Co-Chair Alan Simpson is a one-man disaster movie, compulsively offending one key voting bloc after another. Commission member Paul Ryan faced an angry crowd over his anti-Social Security stance, while another Commissioner locked experienced workers out of a nuclear facility rather than provide retirement benefits.
That's right: He's cutting retirement benefits.
But if the political blowback is obvious, here's what isn't: The Commissioners who are determined to cut your Social Security benefits are going to enjoy their own retirements in comfort. Their own pension plans insulate them from the fears that many other Americans face, and they don't have the professional expertise that would help them understand those concerns. In fact, the Commission's only expert on retirement is Rep. Jan Schakowsky, and she apparently opposes benefit cuts. The rest of the Commission is dominated by people who've expressed their desire to cut Social Security, despite their own secure futures. Millions of working Americans who have contributed to Social Security all their lives will lose out if these Commissioners have their way.
Happy Labor Day.
Normally I consider it off-limits to discuss people's personal finances when discussing their political opinions. But these Commissioners' lack of subject matter expertise, along with their lack of empathy, is important. If you don't know much about the topic and are protected from the problem, what makes you credible? Their pre-established prejudices makes the situation even worse, and their own situations underscore the irony of their self-professed willingness to make "brave choices" - choices whose consequences will mean little or nothing to them.
The Commission's Social Security obsession is odd anyway, since the projected Social Security shortfall comes out to only 0.7% of GDP. Nevertheless, these Commissioners have made their benefit-cutting intentions plain, presumably because they want to offer up America's seniors as a sacrifice to the bond markets. So how will these would-be income-slashers for the elderly make out in their own golden years? They'll be golden.
Consider Commissioner Alice Rivlin. Rivlin co-authored a paper that called for raising the retirement age and other benefit cuts, and recently released a specious paper about "Saving Social Security." As a former HEW Undersecretary, CBO Director, White House Budget Director, and Federal Reserve Vice Chair, she will presumably enjoy a comfortable retirement supported by multiple public pensions. Says Rivlin: ""We can't get out of this problem without doing both spending cuts, especially slowing the growth of entitlement, and tax increases."
Experts on Social Security finance (including the long-time Chief Actuary for the program) flatly disagree with Rivlin, pointing out that an adjustment to the payroll tax cap would unquestionably be enough to get the job done. They have the numbers to prove it. So why does Rivlin, who does not have their expertise in this area, disagree? Go ask Alice.
Co-Chair Erskine Bowles brokered a deal with Newt Gingrich to cut Social Security in the 1990s, when he served as Bill Clinton's Chief of Staff. Before that he headed the Small Business Administration, so his government tenure presumably qualifies him for a Federal pension. If not, don't worry: He receives $425,000 per year in his current job running the public universities of North Carolina, and the people of North Carolina are presumably also funding a pension on his behalf. To his credit, Bowles pledged to donate $125,000 of his salary for need-based student funds - but then, he can afford it. As the son of a US Congressman, Bowles had the education and connections needed to make millions as an investment banker. The added income he earns today as a Board member for General Motors and Morgan Stanley will help, too - and his government experience undoubtedly helped him win those positions, too.
Republican Rep. Paul Ryan, an aggressive advocate of Social Security cuts and privatization, will also enjoy his sunset years in comfort, thanks to a publicly-funded pension from his tenure as a Congressman. (He'll presumably earn even more as a result of his employment as an aide to two United States Senators.) Rep. Jeb Hensaerling has served as both a Representative and as an aide to Sen. Phil Gramm, so he should be safe from financial insecurity in his old age too .
The average annual pension payments for former members of Congress ranged from $41,000 to $55,000 in 2002, considerably more than the average $13,836 that Social Security recipients received in 2009. Yet neither Ryan nor Hensaerling have proposed cutting Congressional retirement benefits - nor should they. Sound pension plans like theirs were once available to most working Americans, and more effort should be made to restore them.
Former SEIU President Andrew Stern, who once might have been counted on to defend Social Security, recently sneered at Commission critics as "assassins of change" while saying that "all entitlements should be on the table." Mr. Stern's annual pension is $152,000 - and he retired at the age of 59, not 70. Nevertheless, Stern now publicly muses about "whether defined benefit pensions can really exist in the long run in a globalized economy."
Judd Gregg, who wants to raise the retirement age to 70, will receive a Federal pension for his Senate position. Gregg, like Alan Simpson, is the son of a Governor (self-made men, you might say), which means that public pensions also ensured that neither of them had to worry about supporting their aged parents. Tom Coburn, another would-be Social Security cutter, will receive a Congressional and Senatorial pension too.
David Cote, the CEO of Honeywell, provides some "private enterprise" perspective to the Commission's work. But Cote's wealth comes in part from Honeywell's government contracts, which exceed $4 billion annually. What's more, Cote's "free enterprise" ethic didn't stop him from making sure that Honeywell grabbed a few million in stimulus money from the taxpayers, too. A few billion from the Pentagon here, a few million more from Uncle Sam there - that'll plump up the nest egg a little for Mr. Cote's sunset years.
Cote made the headlines this week when Honeywell locked out the union workers at a nuclear power plant over a labor dispute - even though the workers agreed to stay on the job to protect public safety. Instead, Cote hired replacements and put them through a pared-down training process. The image of Homer Simpson comes to mind, pushing the wrong buttons and spilling beer on the reactor console - which would presumably make Cote Mr. Burns.
But it's no joking matter. Apparently there's real danger, which is why the Nuclear Regulatory Commission reportedly stepped in to block Honeywell from distilling uranium with its crew of replacement workers And what are the union and Honeywell arguing about? Honeywell's raising health care costs - and eliminating retiree pension plans for new workers.
That's right. A member of the Commission that's pretending to judge our retirement security with impartiality would rather have hastily-trained amateurs handle nuclear materials than bargain openly with his workers - about their retirement. D'oh!
As for Simpson (Alan, not Bart), to say that he suffers from "political Tourette's syndrome" would be a disservice to Tourette's sufferers. Most of them don't really say socially objectionable things, and those who do (it's called "coprolalia") don't mean what they say. But Simpson does. By attacking senior citizens as "greedy geezers," then offending women with his "milk cow with 100 million tits" comment, and now offending veterans' groups, Simpson has now hit the voting bloc trifecta.
And Cote's outraged labor, a fourth group. But the problem isn't Simpson anymore, or Cote for that matter. It's the Commission itself. The coprolalic curmudgeon Simpson has done a service to the nation. He's drawn attention to the Commission, and to the anti-Social Security biases held by so many of its members - all of whom will retire in comfort, thanks to those whose benefits they would cut. It's the comfortable afflicting the afflicted.
If these Deficit Commission members want their recommendations to have any credibility, they should pledge to live on the same Social Security benefits that they would impose for other Americans. Better yet, they should dedicate themselves to helping provide every American with the kind of retirement security they enjoy. That was part of the social contract this nation embraced during its years of greatest economic growth, the fulfillment of a promise that a lifetime of work should never end with years of deprivation. They should be working to restore that contract, not erode it even further.
One thing is clear: This Commission has no business making recommendations about Social Security.
(Sign a petition asking Congress and the President to protect Social Security from the Deficit Commission. Roger Hickey has more here.)
Additional links:
* Sam Seder and I discussed Social Security this week while co-hosting The Young Turks.
* For further reference on the Commission's members and their biases, see Firedoglake and Talking Points Memo.
* House Democrats are vowing to protect Social Security from any cuts. The polls show why that's a very wise idea.
Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review
Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...
Fujifilm unveils FinePix X100 large-sensor compact: Digital <b>...</b>
Fujifilm unveils FinePix X100 large-sensor compact: Fujifilm has announced the X100, a large-sensor compact camera aimed at professional and enthusiast photographers. Based around a 12Mp APS-C CMOS sensor, Fuji EXR processor and 23mm F2 ...
David Helfenbein: The Facebook <b>News</b> Feed and Twitter Generation
The largest misconception about Generation Y is that technology is a replacement for interpersonal dialogue. Technology is becoming more ever-present, and Gen Y is still managing to talk to one another.
robert shumake
Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review
Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...
Fujifilm unveils FinePix X100 large-sensor compact: Digital <b>...</b>
Fujifilm unveils FinePix X100 large-sensor compact: Fujifilm has announced the X100, a large-sensor compact camera aimed at professional and enthusiast photographers. Based around a 12Mp APS-C CMOS sensor, Fuji EXR processor and 23mm F2 ...
David Helfenbein: The Facebook <b>News</b> Feed and Twitter Generation
The largest misconception about Generation Y is that technology is a replacement for interpersonal dialogue. Technology is becoming more ever-present, and Gen Y is still managing to talk to one another.
Well, it's nice of Jim Geraghty at Rich Lowry's NRO to try and tell us what a wonderful, somewhat conservative Republican Mike Castle is. Think about it, folks. In the video Jim posts, one I also posted, Castle basically claims we are now in the era of bi-partisan national health care, whether we like it, or not. And that doesn't bother NRO, they actually think it's a good thing.
It's time to admit what a dismal failure Rich Lowry is. It isn't as if it's a big secret in conservative circles. National health care? Obviously, that's no problem, according to Lowry's NRO. The truth is, NRO isn't capable of leading anything when it comes to a movement, not a conservative one, any way. I don't even want to think of the kind of movement a conservative should associate with Lowry's NRO today.
As for what they don't want you to know about Mike Castle, how's this from Redstate, for starters, with more below. Castle has forty years in, allegedly, as a public servant. How many honest people who work hard for a living every day are able to accumulate personal wealth in excess of 8 million dollars on what is little more than an honest pay check? Why isn't NRO interested in whatever corruption could lead to Castle accumulating that kind of wealth as a member of the House?
He is a forty year career politician who happens to call himself a Republican, as once did Charlie Crist, Arlen Specter and Jim Jeffords. Mr. Castle is a habitual tax raiser. He is unwaveringly pro abortion and he has earned an F- rating from The NRA. He voted for TARP, Porkulus, the auto and banking industry takeovers, Cash for Clunkers as well as Cap and Trade. Most recently, he co-sponsored the disclose act which is nothing more than an assault on the first amendment designed to muzzle his political opposition.
While on the topic of opposition; Mr. Castle has made it clear that were he elected senator, regardless of his political affiliation, he has no intention of opposing current Democrat policies. This is entirely consistent with Mike Castle’s long liberal record of growing government.
In his forty years as a “public servant” Mike Castle has managed to accumulate for himself an estimated $8 million dollar personal net worth. Now he has decided to make an issue of his conservative primary challenger’s finances.
NRO doesn't, as Buckley intoned, stand athwart history and yell stop, any more. They stand outside corporate and donor offices saying, how much? That, when they're not standing outside establishment Republican's Hill offices saying, can I please come in? Look how nice we were, endorsing John McCain! Look at how we embarrassed ourselves to help elect your pick, liberal Mike Castle in Delaware.
We're NRO. We're the conservative voice of American politics (wink wink). Okay, really, we're just Republican whores and we have absolutely no shame about it. Just keep the cash and the access coming, we'll be good little boys and girls.
As if John McCain wasn't enough and perhaps arguably excusable - now it's liberal Mike Castle, too? They're smart enough to know Castle plays the usual games with his voting, providing just enough cover to remain a Republican, while selling us out on everything that truly counts. An F rating from the NRA. He voted for the Disclose Act, Cap and Trade, S-CHIP, against the surge. He's fully in bed with the SEIU. Read it at link.
And that's who Buckley's NRO is schilling for today? What a disgrace as an allegedly conservative magazine. Bill Buckley wouldn't line his bird cage with the establishment rag Lowry has made NRO into today. While we're throwing out corrupt politicians, we might do well to throw out Lowry and some of the GOP flacks and hack writers at NRO so willing and quick to sell out conservatism today, as well.
Events of the last week have made the Deficit Commission an embarrassment. Co-Chair Alan Simpson is a one-man disaster movie, compulsively offending one key voting bloc after another. Commission member Paul Ryan faced an angry crowd over his anti-Social Security stance, while another Commissioner locked experienced workers out of a nuclear facility rather than provide retirement benefits.
That's right: He's cutting retirement benefits.
But if the political blowback is obvious, here's what isn't: The Commissioners who are determined to cut your Social Security benefits are going to enjoy their own retirements in comfort. Their own pension plans insulate them from the fears that many other Americans face, and they don't have the professional expertise that would help them understand those concerns. In fact, the Commission's only expert on retirement is Rep. Jan Schakowsky, and she apparently opposes benefit cuts. The rest of the Commission is dominated by people who've expressed their desire to cut Social Security, despite their own secure futures. Millions of working Americans who have contributed to Social Security all their lives will lose out if these Commissioners have their way.
Happy Labor Day.
Normally I consider it off-limits to discuss people's personal finances when discussing their political opinions. But these Commissioners' lack of subject matter expertise, along with their lack of empathy, is important. If you don't know much about the topic and are protected from the problem, what makes you credible? Their pre-established prejudices makes the situation even worse, and their own situations underscore the irony of their self-professed willingness to make "brave choices" - choices whose consequences will mean little or nothing to them.
The Commission's Social Security obsession is odd anyway, since the projected Social Security shortfall comes out to only 0.7% of GDP. Nevertheless, these Commissioners have made their benefit-cutting intentions plain, presumably because they want to offer up America's seniors as a sacrifice to the bond markets. So how will these would-be income-slashers for the elderly make out in their own golden years? They'll be golden.
Consider Commissioner Alice Rivlin. Rivlin co-authored a paper that called for raising the retirement age and other benefit cuts, and recently released a specious paper about "Saving Social Security." As a former HEW Undersecretary, CBO Director, White House Budget Director, and Federal Reserve Vice Chair, she will presumably enjoy a comfortable retirement supported by multiple public pensions. Says Rivlin: ""We can't get out of this problem without doing both spending cuts, especially slowing the growth of entitlement, and tax increases."
Experts on Social Security finance (including the long-time Chief Actuary for the program) flatly disagree with Rivlin, pointing out that an adjustment to the payroll tax cap would unquestionably be enough to get the job done. They have the numbers to prove it. So why does Rivlin, who does not have their expertise in this area, disagree? Go ask Alice.
Co-Chair Erskine Bowles brokered a deal with Newt Gingrich to cut Social Security in the 1990s, when he served as Bill Clinton's Chief of Staff. Before that he headed the Small Business Administration, so his government tenure presumably qualifies him for a Federal pension. If not, don't worry: He receives $425,000 per year in his current job running the public universities of North Carolina, and the people of North Carolina are presumably also funding a pension on his behalf. To his credit, Bowles pledged to donate $125,000 of his salary for need-based student funds - but then, he can afford it. As the son of a US Congressman, Bowles had the education and connections needed to make millions as an investment banker. The added income he earns today as a Board member for General Motors and Morgan Stanley will help, too - and his government experience undoubtedly helped him win those positions, too.
Republican Rep. Paul Ryan, an aggressive advocate of Social Security cuts and privatization, will also enjoy his sunset years in comfort, thanks to a publicly-funded pension from his tenure as a Congressman. (He'll presumably earn even more as a result of his employment as an aide to two United States Senators.) Rep. Jeb Hensaerling has served as both a Representative and as an aide to Sen. Phil Gramm, so he should be safe from financial insecurity in his old age too .
The average annual pension payments for former members of Congress ranged from $41,000 to $55,000 in 2002, considerably more than the average $13,836 that Social Security recipients received in 2009. Yet neither Ryan nor Hensaerling have proposed cutting Congressional retirement benefits - nor should they. Sound pension plans like theirs were once available to most working Americans, and more effort should be made to restore them.
Former SEIU President Andrew Stern, who once might have been counted on to defend Social Security, recently sneered at Commission critics as "assassins of change" while saying that "all entitlements should be on the table." Mr. Stern's annual pension is $152,000 - and he retired at the age of 59, not 70. Nevertheless, Stern now publicly muses about "whether defined benefit pensions can really exist in the long run in a globalized economy."
Judd Gregg, who wants to raise the retirement age to 70, will receive a Federal pension for his Senate position. Gregg, like Alan Simpson, is the son of a Governor (self-made men, you might say), which means that public pensions also ensured that neither of them had to worry about supporting their aged parents. Tom Coburn, another would-be Social Security cutter, will receive a Congressional and Senatorial pension too.
David Cote, the CEO of Honeywell, provides some "private enterprise" perspective to the Commission's work. But Cote's wealth comes in part from Honeywell's government contracts, which exceed $4 billion annually. What's more, Cote's "free enterprise" ethic didn't stop him from making sure that Honeywell grabbed a few million in stimulus money from the taxpayers, too. A few billion from the Pentagon here, a few million more from Uncle Sam there - that'll plump up the nest egg a little for Mr. Cote's sunset years.
Cote made the headlines this week when Honeywell locked out the union workers at a nuclear power plant over a labor dispute - even though the workers agreed to stay on the job to protect public safety. Instead, Cote hired replacements and put them through a pared-down training process. The image of Homer Simpson comes to mind, pushing the wrong buttons and spilling beer on the reactor console - which would presumably make Cote Mr. Burns.
But it's no joking matter. Apparently there's real danger, which is why the Nuclear Regulatory Commission reportedly stepped in to block Honeywell from distilling uranium with its crew of replacement workers And what are the union and Honeywell arguing about? Honeywell's raising health care costs - and eliminating retiree pension plans for new workers.
That's right. A member of the Commission that's pretending to judge our retirement security with impartiality would rather have hastily-trained amateurs handle nuclear materials than bargain openly with his workers - about their retirement. D'oh!
As for Simpson (Alan, not Bart), to say that he suffers from "political Tourette's syndrome" would be a disservice to Tourette's sufferers. Most of them don't really say socially objectionable things, and those who do (it's called "coprolalia") don't mean what they say. But Simpson does. By attacking senior citizens as "greedy geezers," then offending women with his "milk cow with 100 million tits" comment, and now offending veterans' groups, Simpson has now hit the voting bloc trifecta.
And Cote's outraged labor, a fourth group. But the problem isn't Simpson anymore, or Cote for that matter. It's the Commission itself. The coprolalic curmudgeon Simpson has done a service to the nation. He's drawn attention to the Commission, and to the anti-Social Security biases held by so many of its members - all of whom will retire in comfort, thanks to those whose benefits they would cut. It's the comfortable afflicting the afflicted.
If these Deficit Commission members want their recommendations to have any credibility, they should pledge to live on the same Social Security benefits that they would impose for other Americans. Better yet, they should dedicate themselves to helping provide every American with the kind of retirement security they enjoy. That was part of the social contract this nation embraced during its years of greatest economic growth, the fulfillment of a promise that a lifetime of work should never end with years of deprivation. They should be working to restore that contract, not erode it even further.
One thing is clear: This Commission has no business making recommendations about Social Security.
(Sign a petition asking Congress and the President to protect Social Security from the Deficit Commission. Roger Hickey has more here.)
Additional links:
* Sam Seder and I discussed Social Security this week while co-hosting The Young Turks.
* For further reference on the Commission's members and their biases, see Firedoglake and Talking Points Memo.
* House Democrats are vowing to protect Social Security from any cuts. The polls show why that's a very wise idea.
robert shumake
Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review
Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...
Fujifilm unveils FinePix X100 large-sensor compact: Digital <b>...</b>
Fujifilm unveils FinePix X100 large-sensor compact: Fujifilm has announced the X100, a large-sensor compact camera aimed at professional and enthusiast photographers. Based around a 12Mp APS-C CMOS sensor, Fuji EXR processor and 23mm F2 ...
David Helfenbein: The Facebook <b>News</b> Feed and Twitter Generation
The largest misconception about Generation Y is that technology is a replacement for interpersonal dialogue. Technology is becoming more ever-present, and Gen Y is still managing to talk to one another.
robert shumake
Ricoh releases A12 28mm equiv. GXR module: Digital Photography Review
Ricoh releases A12 28mm equiv. GXR module: Photokina 2010: Ricoh has announced the GR Lens A12 28 mm F2.5 prime lens module for its GXR system. According to the company, the addition of 'GR Lens' in the module's name indicates that it ...
Fujifilm unveils FinePix X100 large-sensor compact: Digital <b>...</b>
Fujifilm unveils FinePix X100 large-sensor compact: Fujifilm has announced the X100, a large-sensor compact camera aimed at professional and enthusiast photographers. Based around a 12Mp APS-C CMOS sensor, Fuji EXR processor and 23mm F2 ...
David Helfenbein: The Facebook <b>News</b> Feed and Twitter Generation
The largest misconception about Generation Y is that technology is a replacement for interpersonal dialogue. Technology is becoming more ever-present, and Gen Y is still managing to talk to one another.
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