Who Likes Phase-Out? Not the Affluent…

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Wow, a new poll reveals that 48 percent of all “business owners” and 49 percent of all “affluent consumers” don’t think Social Security phase-out is a good idea. Maybe they realize that financial collapse because of trillions of dollars of new debt really isn’t such a good thing after all.

Speaking of which, the Center on Budget and Policy Priorities has a new analysis of the radical Sununu-Ryan plan for privatization, now being touted by House conservatives who have given up any pretense that “reforming” Social Security is all about fiscal sanity and averting future actuarial imbalances.

The thing to see here is that the Sununu-Ryan plan would require transfers from the general budget of $79 trillion over the next 75 years. In other words, all you need to do is wave a magic wand and pour in trillions of dollars, and you can create a really cool social program! Well, no kidding. Look, if you think Social Security is currently on an “unsustainable course” all because we may need to raise either income or payroll taxes slightly over the next 75 years to continue paying out the full benefits promised by the program, that’s one thing. But please note, if the ground rules dictate that we’re allowed to transfer $79 trillion over the next 75 years from the general budget to Social Security, then we can pretty much solve any of our current problems three times over. How long before the press realizes that all this carping about “insolvency” by Republicans is really just a red herring?

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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