Friday, July 11, 2008

"A disgrace"? Could someone please explain Mr. McCain to me?



.....I suppose that many of you have seen or heard John McCain's recent remarks re Social Security (see video)—which he offered as some "straight talk." I am puzzled by this alleged straight talk.
.....We need to separate two issues. One issue is whether there is something broken about Social Security. McCain thinks so, and I suspect he is right about that.
.....A second issue concerns what McCain says toward the end of his above remarks. He describes the Social Security system itself, which involves money put into the system by people now working and money taken out by people now retired. Now, as I understand it, Social Security has always involved precisely that "system."
.....In the video, in no uncertain terms, McCain judges that system to be "a disgrace."
.....Now, I really don't see what is disgraceful about it (the above "system," I mean). Prima facie, it seems sensible, fair. Evidently, ordinary Americans, too, whether Republicans or Democrats, have long liked it; they have not found it to be "a disgrace."
.....What on earth is McCain talking about?
.....Perhaps Mr. McCain does not realize that the system he describes is what Social Security has always been? Does he suppose that, until recently, beneficiaries of the system were withdrawing the money they themselves put into accounts throughout their working years? If so, he's a spectacular ignoramus, one who is too foolish to be the President.
.....Or perhaps Mr. McCain meant to opine, not about the system he describes (in which current workers pay for current benefits), but the particular circumstance—owing to the Baby Boom, etc.—that not enough is being put into the system now to cover what is taken out (or will be taken out). If so, we must conclude that he is either vulnerable to remarkable bouts of confusion while speaking, or he is the world's most inarticulate fellow, saying clearly what he clearly does not mean to say.
.....Am I missing something? Help me out here! (I will attempt to find the larger context of McCain's remarks, but I doubt that that will help.)

P.S.: My friend Steve sent the video below. Yes, happiness is a warm puppy—or a guy singing a bunch of warm puppies to sleep!

6 comments:

torabora said...

Both BO and McAmnesty are both going to say stuff that will make any thinking man grimace. The are typical politicians.

The Social Security system is a Ponzi scheme though. Under best case scenarios SSI pays about 2% compounded. The stock market (whole market indexed) pays about 9%. Real estate (mean countrywide) about 6%. Bonds of various risks pay more than SSI none less than. Even PERS earns 6%. So SSI exists not because it is a good investment. It is demonstrably not.

SSI exists because SOME people are so irresponsible that they will under no circumstances other than coercion put money away for their retirement or disability.

The fact that the U.S. government augments its excessive spending with that cash doesn't help the debt problem either.

I would love to opt out(privatize) but at my age it's a bit late anyway. One can only hope that someday the responsible many will be rid of the need to care for the wantonly irresponsible few.

Roy Bauer said...

My point wasn't that McCain's remarks are stupid (or evil or questionable or...). It's that they're puzzling. What exactly is supposed to be "a disgrace"? Is he as confused as he seems to be? Is he ignorant? How are we to account for this odd moment?

Don't change the subject. Answer the question!

torabora said...

Can anyone say "dementia" Chunk? Or "insipid"?
"Puzzling" may be a bit off the mark.

McAmnesty was my guy 8 long years ago when he was still McCain running against Bush. Now I just don't get the guy. Parts of his public persona still have that spark but as you have noted there are some eye brow raising disconnects going on.

Anonymous said...

You have my vote, Chunk. To hell with Obama and McCain.

Anonymous said...

Omygod, how can anyone even remember the McCain stuff after that amazing puppy video? To know there is a guy out there that sings his puppies to sleep is going to comfort me on many a pre-dawn worry about the world. The miracle to me is not that it works (although that, too, is remarkable), but that a guy would notice that it works and do this for his puppies.

Priceless.

Jonathan K. Cohen said...

Although the possibility of Chunk for President is tantalizing, I'd settle for Chunk for Trustee. Would that I had $100,000 in free money to get him on the ballot, produce and buy airtime for local-access cable commercials, and print lawn signs!

Roy's obituary in LA Times and Register: "we were lucky to have you while we did"

  This ran in the Sunday December 24, 2023 edition of the Los Angeles Times and the Orange County Register : July 14, 1955 - November 20, 2...