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Steve Forbes just spoke to my class on social security

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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:24 AM
Original message
Steve Forbes just spoke to my class on social security
Edited on Mon Apr-04-05 11:29 AM by Heaven and Earth
I couldn't believe it. This guy trotted out every lame talking point Bush and Rove have ever come up with.

no trust fund? check

4-14 trillion dollars? check

minorities getting screwed? check

better rate of return? check

index to inflation rather than wages? check

When it came my turn to ask a question, I asked about the trust fund and the IOUs. He claimed they were unmarketable securities and therefore not the same as real treasury bonds. Not sure why that would make a difference...

Get this, he also said that the 4-14 trillion debt was already there, but he claimed that social security benefits are not guaranteed, that congress can change them, which would mean the 4-14 trillion wasn't there, so...:silly:

My class ate it up. I tried to bring up some of the facts, but I am not very good at it, I tend to get agitated rather easily, and I don't make the case in a coherent fashion. But, still...

This is very sad.
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adwon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:26 AM
Response to Original message
1. Now there's an unbiased source
Steve Forbes knows a lot about inheriting money, that's about it.

Steve is the guy who trotted out the flat tax in 96, claiming that a 17% rate on income alone would be enough to balance the budget. This was such a blatant lie that Dole and Buchanan felt compelled to attack him during the primaries.

In short, he's got a history of making 1+1=45.
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PeaceProgProsp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:26 AM
Response to Original message
2. What school do you attend?
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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:28 AM
Response to Reply #2
3. American University
It was live on C-SPAN too, so if there are any C-SPAN fanatics, they might have caught it.
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pf99 Donating Member (251 posts) Send PM | Profile | Ignore Mon Apr-04-05 11:31 AM
Response to Original message
4. Did he blink?
I just saw Michael Moore's documentary "The Big One"

In the film Moore in his typical humor show a video of Steve Forbes for about one minuet and he never blinks.

Moore said he aske a doctor if it were possible for a human to not blink for a minuet. Doctor said it was impossible.

Moore's conclusion Forbe's must be an alien.
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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:33 AM
Response to Reply #4
6. Not that I noticed
In Franco Zefferelli's Jesus of Nazareth, the actor playing Jesus was filmed to make it appear that he never blinked.

Can it be...? :silly:
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adwon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:33 AM
Response to Reply #4
7. Scary and believable
There is something just otherworldly about him.
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Toucano Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:44 AM
Response to Reply #4
8. That was great!
Totally under rated film.
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Mr Rabble Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:32 AM
Response to Original message
5. for next time
No trust fund? There was until * raided it for the general fund.

4-14 Trillion dollars? Only if you extend life expectancy to 150(!) and keep retirement @ 67.

Better rate of return? Not after you factor in the fees from the brokers.

I have NO filter whatsoever, so I would have most likely called him a fucking liar.
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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 11:48 AM
Response to Original message
9. apparently, I am just spouting left wing rhetoric
I tried again, to counter forbes to my right wing roommate, and he said that he was sure I would make a conscientious effort to see both sides of the issue before I spouted left wing rhetoric.

How perfectly condescending.
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David K. Donating Member (58 posts) Send PM | Profile | Ignore Mon Apr-04-05 12:06 PM
Response to Original message
10. Hats off for Heaven & Earth...
All in same day H&E has to see a leading Republican hypocrite AND converse with a winger roommate. You are lots braver than I. Time to shower off the layer of slime you must feel from the encounters!




So many hypocrites, so little time - BUZZ Flash motto


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More Than A Feeling Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 12:21 PM
Response to Reply #10
12. Thank you!
My other roommate is also a republican, but he isn't here, fortunately. He's the nicer one of the two, doesn't mumble so much either.

Time to hit the showers!
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Caution Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-05 12:07 PM
Response to Original message
11. From Atrios on the unmarketable securities talking point
One of the reasons given for why the Social Security trust fund is a myth (even as they say we need to make that mythical trust fund solvent until infinity and beyond) is that the Treasury Bonds in the trust fund are somehow different than normal T-Bills because, by law, they can't be traded.

Well, boys and girls, can we think of another well-known financial asset marketed by the U.S. Government which can't be traded?

Personal Savings Bonds. I guess they're just "bits of paper" or "meaningless IOUs" or whatever.


http://atrios.blogspot.com/2005_04_03_atrios_archive.html#111263260331981346
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