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TexasLawyer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 01:20 AM
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"What's the Congressional Black Caucus Thinking? "
An article about social security "reform" from

What's the Congressional Black Caucus thinking?
Star Parker (archive)

January 11, 2005

Congressional Black Caucus members are already uniformly lining up in opposition to including individual retirement accounts as a key element of Social Security reform-- despite the fact that a specific proposal from the Bush administration has yet to arrive on Capitol Hill.


The black caucus, with 43 members, is now the largest it has ever been. Included is new Illinois Sen. Barack Obama, who has gotten much attention as a supposedly new-generation black leader. Yet, not one of these black legislators has indicated it might be worth giving serious thought to the possible benefits of individual retirement accounts to blacks.

This is particularly curious given that the newest winner of the Nobel Prize for economics, Edward Prescott of Arizona State University, has written recently that individual accounts are a good idea and should be included in reform of Social Security.

What's going on here? The winner of the Nobel Prize for economics says it's a good idea and the black caucus dismisses it before it has even been formally proposed. Is this about good economics or is this about power politics? Where is our exciting new Sen. Obama? There is certainly nothing partisan about the Nobel Prize. Yet, the recommendations of Prescott, honored by the Nobel committee as most distinguished in his field, are irrelevant to black Democrats.


I wonder if Ms. Parker and other Bush administration shills are getting Armstrong Williams-sized payments for promoting social security destruction to the African American community.
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zalinda Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 01:28 AM
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1. They probably read the report
that social security is fine for at least another 20-30 years and then only minor adjustments to it as is and it will remain solvent.

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punpirate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 01:28 AM
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2. Carefully disingenuous...
... for example, yes, Edward Prescott is a Nobel laureate. Was he chosen for a Nobel Prize because of his advocacy of a program which will destroy Social Security? Parker seems to conflate the two.

There are other economists, equally capable, who think any privatization of a working, workable system with minimal problems at the moment would be a disaster. Perhaps the Black Caucus is taking their advice?

And, yes, I have a feeling we will find other pundits getting payments for promoting the White House's agenda. There's a profound marketing campaign in progress, effectively now, for this horrible idea. The Bushies want this so badly that they will likely break the laws against using taxpayer funds for domestic propagandizing.
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 01:42 AM
Response to Reply #2
3. I wrote and asked how much
the Bush administration pays her to promote the social security misadventure.
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Liberty Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 02:07 AM
Response to Reply #3
4. Ask her editor that question, if you really want an answer.
And file a Freedom of Information Act Request.
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TexasLawyer Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-11-05 02:23 AM
Response to Reply #3
5. Good for you !
These days, that is a legitimate question.

It is bad enough that RW pundits regularly receive outsized "speaker fees," lucrative consulting gigs, and such from the Heritage Foundation, trade associations, and other orgs. lining up to thank them for being such good lap dogs.

That RW pundits may actually be getting paid directly by the U.S. government with our tax dollars is absolutely unbelievable.

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