"America is in the midst of two major changes to its population: We are becoming majority non-white at the same time a record share is going gray. Explore these shifts in our new interactive data essay
"We’re not going to say, 'Give it to me and let my grandchildren suffer.' I think they underestimate seniors when they think that way."
But 71-year-old Barbara Sullivan cannot imagine asking people to pay higher taxes. And as she considered making do with less, she started to cry." (slnyt) [more inside]
The Gray And The Brown
- why the baby boom generation's concerns about race may mean that it's stabbing itself in the back as it moves into retirement.
Yesterday President Bush said,
"Some in our country think that Social Security is a trust fund -- in other words, there's a pile of money being accumulated. That's just simply not true. The money -- payroll taxes going into the Social Security are spent." Is he advocating that the US default on its Treasury bonds?
I wasn't sure what Move On
would do after the election and inauguration, but it appears they are coming out with guns blazing over Social Security. Tomorrow they'll take out a full page ad in the NYT
(pdf) and start spreading a new commercial
(wmv) that is reminiscent of the "working kids" Bush in 30 seconds ad (I assume they hired the same director).
Congressman dies of rare disease
Congressman Bob Matsui, who was recently elected to a 14th term in Congress, has died due to a rare stem cell disease. Matsui, who was one of the leading opponents of President Bush's plan to eliminate Social Security, was the ranking Democrat on the Congressional subcommittee on Social Security.
AARP Says No To Bush ...
The AARP is coming out strong against private Social security investment accounts, saying they "will actually make the problem worse, not better." In January they plan to spend $50 million on an ad campaign
Kevin Drum of The Washington Monthly has also been awesome in pointing out that the common wisdom that Social Security is in trouble is just not true