Showing posts with label pensions. Show all posts
Showing posts with label pensions. Show all posts

Saturday, February 16, 2008

The Real Face of Change

Uppagenzdawallmuddahfuggah!
"Promises to transcend the conundrums of entitlement reform that require real and painful trade-offs and that have eluded solution for a generation. Promises to fund his other promises by a rapid withdrawal from an unpopular war" Charles Krauthammer
David Seaton's News Links
The quote above encapsulates the central political question of the United States and it is a question that will quite literally affect the entire world.

"Entitlement reform"... These two words are one of those American euphemisms like "collateral damage", which, in this case, is used to describe reducing pensions and health care for the aged.

The sad news is that there isn't enough money to pay for the empire and to pay the coming pensions of the "boomers". (full disclosure: I am not in the US pension system, I have been working in Spain and paying into its system. This is not about me). Chalmers Johnson describes the situation best:
"It is virtually impossible to overstate the profligacy of what our government spends on the military. The Department of Defense's planned expenditures for fiscal year 2008 are larger than all other nations' military budgets combined. The supplementary budget to pay for the current wars in Iraq and Afghanistan, not part of the official defense budget, is itself larger than the combined military budgets of Russia and China. Defense-related spending for fiscal 2008 will exceed $1 trillion for the first time in history. The United States has become the largest single salesman of arms and munitions to other nations on Earth. Leaving out of account President Bush's two on-going wars, defense spending has doubled since the mid-1990s. The defense budget for fiscal 2008 is the largest since World War II."
Something's got to give.

I doubt if it's going to be the old folks.

The codgers vote.

We have been hearing for years how selfish the boomers are. Get ready to see it in action. After all, we are talking about the "generation of '68".

One of the things that has irritated me most about Obama's "Children's Crusade" has been his supporters' criticism of the senior's lack of enthusiasm for his vaporous rhetoric, as if the elderly were holding back "progress".

As I read the tea leaves, the ones truly manning the ramparts in the battle against imperialism are America's elderly. The fight to pauperize America's elderly in order to pay for more missiles is the central political story of our time. DS

Tuesday, February 13, 2007

Notes on socialized medicine

David Seaton's News Links
As an American expatriate long living in Europe, the one thing I think most separates my experience here with that of living in the states is socialized medicine.

I have been spending most of the day the last few days in a large hospital here in Madrid, where my wife has had her second hip replacement operation in the space of a year. Each artificial joint is made of titanium and costs €6000. Add to that the surgeon's fees (she was operated on by the head of the hospital's orthopedic surgery department, one of the top specialists in all of Spain), then there's the anesthesiologist's fee, a week in hospital, nursing, transfusions, etc, etc and the total cost to me is.... nothing... zilch... nada de nada.

I worry about my wife, I worry about the operation, I worry about all kinds of stuff, but I don't worry at all about how I'm going to pay for her operation.... I don't have the fear constantly hanging over my head that our savings will be wiped out or that some private plan will nickel and dime us
literally to death and not give us the care we need when we really need it.

I know so many cases from home of friends of the family and relatives of mine who have worked hard all their lives, been successful in their professions, played by the rules, bought insurance and then have been humiliated by illness and left high and dry by the insurers. I am so grateful not to have worry about that, not even for a moment.

I think that experiencing socialized medicine is what changed me from being a "parlor pink" into really being a person of the left. For me a state that doesn't give its citizens health, education and culture is a fraud and to cut back on those things to spend the money thus "saved" on more and more weapon systems is simply (evil?). DS

Friday, December 15, 2006

Imperial shelf life: paying the cost to be the boss

David Seaton's News Links
The window of American imperialism, militarism and hegemony is closing for the simplest of reasons. After the Second World War the returning American soldiers fathered many children. This phenomenon was known as the "war baby boom" and its children have come to be know as the "boomers". This massive generation whose consumer habits have driven the US economy since they were teenagers will, thanks to that frantic consumption, soon reach retirement age practically without savings. If defense spending continues as at present or, as will probably be the case, rises and Bush's tax cuts for the super rich are maintained, there will be no money for pensions and health care for the doddering (but voting) boomers. At that point something will have to give. As another name for the boomers is the "ME generation", it is very easy to imagine their passive enthusiasm for living in abject poverty in order to finance America's military hegemony. DS
E.J. Dionne Jr: A War Bush Wouldn't Pay For - Washington Post
Abstract: Until recently President Bush's refusal to scale back any of his tax cuts was discussed as the question of shared sacrifice: How could we ask so much from a courageous group of Americans fighting in Iraq and Afghanistan but not ask even the wealthiest of their fellow citizens to part with a few extra dollars to support an endeavor supposedly central to our nation's security? On the contrary, even after we committed to war in Iraq, the administration pushed for yet more tax cuts in dividends and capital gains. Now we know that the decision to put the war on a credit card is not simply a moral question. The administration's failure to acknowledge the real costs of the war -- and to pay them -- has put it in a corner. The president's options in Iraq are severely constrained because our military is too small for the foreign policy he is pursuing. Sending more troops would place even more excruciating burdens on members of our armed forces and their families. And the brass fears that an extended new commitment could, quite simply, break the Army. Yet, instead of building up our military for a long engagement and levying the taxes to pay for such an enterprise, the administration kept issuing merry reports of progress in Iraq. Right through Election Day this year, the president continued to condemn anyone who dared suggest that maybe, just maybe, we should raise taxes to pay for this war.(...) By my back-of-the-envelope calculations, since 2001 we've offered $2 in tax cuts for every $1 we have spent on the wars in Iraq and Afghanistan. And conservatives wonder why we have deficits. At least the libertarians, who are against both high taxes and an interventionist foreign policy, have their philosophical story (and their numbers) straight. It has always been true that the administration and its allies couldn't have it both ways. Their illogic has finally caught up with them. They claimed to be against big government so they could justify big tax cuts. But they were also for a big, activist foreign policy, especially after Sept. 11, 2001, which required a big military, and -- sorry to break it to you, guys -- a big military is a big part of big government. They were not willing to pay for a large enough military, and so now we, and especially our armed forces, are paying for their deficit in logic and courage. READ IT ALL