Fact-Checking Gov. Walker
By WALTER M. BRASCH
Historian Thomas Carlyle said "a lie cannot live." However, Mark Twain casually remarked, "It shows that he did not know how to tell them."
More than a century later, newly-elected Gov. Scott Walker and the Republican-dominated Wisconsin legislature have proven themselves to be "quick studies," having learned how to tell whoppers about the working class and unions. Here are just a few.
LIE: The public workers' pensions are what caused much of the financial crisis not just in Wisconsin but throughout the country. Gov. Walker has repeatedly said, "We're broke . . . We don't have any money."
FACTS: Wisconsin had a $120 million surplus whenWalker came into office in January. Had the newly-elected Republican-dominated Legislature in January not given about $140 million in special tax breaks (also known as "corporate welfare") to business, the state could have had a surplus, according to the Legislative Fiscal Bureau. About two-thirds of all Wisconsin corporations pay no taxes at all, according to the Wisconsin Department of Revenue.
Wisconsin could also save significant expenses by having state-employed fiscal analysts, not Wall Street investment counselors, handle the entire pension investment portfolio. Wisconsin pays about $28 million to state managers to handle about half the portfolio; it pays about $195 million to Wall Street investment brokers to handle the other half, according to the 2010 annual report of the Wisconsin Investment Board.
Noam Chomsky, in an interview with Amy Goodman of "Democracy Now," correctly points out, "the population in the United States is angry, frustrated, full of fear and irrational hatreds. And the folks not far from you on Wall Street are just doing fine. They're the ones who created the current crisis." The Great Recession has also cost states revenue, not because of the workers' salaries and pensions but because the values went down because of lax oversight primarily during a Republican administration. Even with the Wall Street crisis, and lower-than-expected revenue, the Wisconsin pension fund is fully funded, able to meet its obligation for several years, according to the independent PEW Center for the States.
Columnist Robert Greenwald says the "shortfall" would be wiped out if Wisconsin brought home only 151 troops from the war in Afghanistan. If the U.S. left Afghanistan completely, the state would save $1.7 billion, according to Greenwald's analysis.
LIE: The reason the Republicans throughout the country want to end collective bargaining by the public service unions bargaining is to bring fiscal responsibility to the states.
TRUTH: In January 2010, the Supreme Court by a 5–4 decision along party lines declared that corporations enjoy the protection of the First Amendment. This meant that companies could increase funding and advertising for candidates. As expected, the Chamber of Commerce and corporate America gave vast amounts of money to Republican and conservative candidates; labor donated to liberal and Democratic candidates, who traditionally support the working class. In the 2010 mid-term election, seven of the top 10 donors contributed to conservative and Republican candidates. The other three in the Top 10 were labor political action committees. Eliminating collective bargaining for public sector workers would destroy the union movement and significantly reduce the influence of labor in campaigns. Walker has already shown his colors and intent when he was caught in a radio prank. On Feb. 23, Ian Murphy, editor of The Buffalo Beast, pretended to be billionaire David Koch, a supporter of far-right causes, and a major contributor to Walker's gubernatorial campaign. Punked by the 20-minute call, Walker seemed to be little more than a sycophant for Big Business. The Republicans' reaction? Instead of worrying about possible ethics violations by the governor, the Republicans planted a bill into the legislature to criminalize prank phone calls
LIE: The unions are greedy and won't budge.
FACTS: The 267,000 Wisconsin public sector workers, as well as all elected officials, Democrat and Republican, do pay very little to their pensions. However, the unions have already said they'd be willing to pay a higher contribution, essentially taking an 8 percent pay cut, and negotiate fairly other parts of the contracts. Gov. Walker not only refused to budge on his autocratic stand, he refused to take calls from elected Democrats and bluntly told the Milwaukee Journal, "I don't have anything to negotiate."
LIE: Gov. Walker's proposal affects every union in Wisconsin.
TRUTH: He exempted firefighters and police from his draconian assault upon unions, possibly because he was attempting to get support from the first responders, while mining sympathy from the public. What he didn't count on was that the firefighters and police unions are firm in their opposition to the abolishment of collective bargaining.
LIE: Gov. Walker says he's just helping the worker when he argues for elimination of the "dues check-off," saying the workers would have more disposable income.
TRUTH: Eliminating dues check-off would cripple unions, which would have to rely solely upon voluntary contributions.
MYTH: Gov. Walker enjoys wide-spread support for his stand against the unions.
TRUTH: Walker has been governor less than two months. If the election were repeated, he'd receive only about 45 percent of the vote, according to the independent Public Policy Polling (PPP) of Raleigh, N.C. More important, while only 3 percent of Republicans voted for Tom Barratt, the Democratic candidate in the November election, 10 percent of the Republicans say they'd vote for him in a new election, according to PPP. The Republican governors of Florida, Michigan, Pennsylvania, and Indiana have said they will not follow Walker's lead, and will support the rights of public workers to bargain collectively. The massive protests in Wisconsin—more than 100,000 in Madison on the same day—and throughout the nation give evidence that Walker doesn't have the popularity he and his supporters believe. A New York Times/CBS poll, released March 1, indicates only about one-third of the nation supports the campaign against public sector collective bargaining. A week earlier, an independent USA Today/Gallup poll had almost the same results.
LIE: The protestors are unruly, and should be arrested for violating the law.
TRUTH: The First Amendment gives people the right to assemble peacefully. There have been no arrests because there have been no crimes committed by the protestors. Further, when the governor and the Legislature demanded that protestors be thrown out of the state capitol, and not allowed to stay overnight, the chief of the Capitol Police refused to do so, believing the order was a violation of Constitutional rights. In contrast, Walker had actually considered, then rejected, the idea of planting troublemakers among the protestors—a "dirty trick" that dates back to the '60s.
LIE: Public sector union workers are overpaid.
TRUTH: A USA Today analysis, published March 1, shows that, on average, public service workers, with wages and benefits included, are paid about $2,500 more per year than those in the private sector. In Wisconsin, the difference is only about $1,800. However, government workers usually are "older and substantially better educated than private sector workers," according to researchers Robert Pollin and Jeffrey Thompson, professors of economics at the University of Massachusetts. But, again contrary to the lies spewed by the anti-worker Rabid Right, individual union workers, when compared to the same criteria as private sector workers, actually earn 4 percent less income, according to the Center for Economic Policy Research. In Wisconsin, public sector union workers actually earn 4.8 percent less total compensation, according to research published in February by the Economic Policy Institute. One statistic stands out. "The average member of AFSCME, our largest public-sector union, earns less than $45,000 a year," says author/journalist Bill Press, "and retires after a career in public service with a whopping pension of $19,000 per year."
LIE: Public service union workers are lazier than non-unionized private sector workers.
TRUTH: Strong labor unions generally have higher productivity, according to independent research done by Harley Shalen of the University of California, because there is less turnover, better worker communication, better work conditions, and a better-educated workforce."
The Battle Lines in Wisconsin
Should Public Workers Make Concessions?
By SHAMUS COOKE
Madison is a Foretaste of Things to Come
By DAVE LINDORFF
The dramatic occupation of the Wisconsin State House in Madison by angry public workers and their supporters over the past few weeks is an exciting preview of what we can expect to see in the halls of Congress before long, as right-wing forces, funded by corporate lobbies and corporate-funded think-tanks push hard for cutbacks in Social Security and Medicare.
The drive to undermine these two critically important social programs is moving into high gear as the 79-million Baby Boomers this year start to reach eligibility, even as their other assets--their homes and their investment portfolios--are still shriveled by the Wall Street heist known as the "fiscal crisis" and Great Recession.
For years, the right has been gravely warning of the supposedly looming "bankruptcy" of Social Security and the even more imminent "bankruptcy" of Medicare, as though these twin disasters for the elderly were an actuarial imperative. In fact, both programs are political creations, whose problems have political causes and political solutions.
Social Security is starting to draw down the huge reserves it had built up, because the share of national income that is subject to the tax has fallen, from 90% back in the 1980s, to just 84% now as the wealthy have taken an increasingly large share of the total national income. If more of the income of the rich were slapped with the FICA tax, to bring the total share of income taxed back to 90%, there would be plenty of money to pay promised benefits into the foreseeable future. The same can be said of Medicare. More taxes on the rich would ensure the funding of that program too.
There is no inherent reason why only the first $106,000 of a person's income should be subject to the FICA tax. It could be the first $200,000, or the first $500,000, and if it were the latter, we could be talking about improving benefits for retirees, not just preserving current levels. Benefits could be better still if investment income were no longer exempted from a FICA tax (and Medicare tax).
But here's the big point: Corporate America, and its political lackeys in the Republican and Democratic Parties, know that they are about to confront a dramatically more powerful protagonist in their campaign to kill Social Security and Medicare: the Boomer Retirees.
The so-called Senior Lobby is already enormously powerful. That's why Social Security has so far largely defied concerted efforts by Presidents Ronald Reagan and George W. Bush to undermine it, and it's why Republicans and conservative Democrats running for national office always hasten to claim they are not going to threaten Social Security or Medicare, or at least that they won't threaten "current beneficiaries." It's why they call Social Security the "third rail" of American politics: touch it and you die (for those of you unfortunate enough to live where there are no subways, the third rail is the "hot" rail that carries the electricity to power the electric trains).
But a Boomer retiree population will be two times the size of the current retiree population. That means that just in terms of the number of potential voters, it will be two times as powerful. But that's only part of the story. The new generation of retirees are the people who came of political age in the late 1950s during the Civil Rights movement, and the 1960s and '70s during the anti-war movement and the feminist movement. We are veterans of both engaged electoral politics (witness that support our generation gave to the insurgent campaigns of Eugene McCarthy, Robert Kennedy and George McGovern, as well as a host of more successful Congressional campaigns), and of powerful and of successful militant street politics.
What we showed back then in our youth and our formative young-adult years was that when our interests were on the line, as they were with the draft, or when we saw a gross injustice, as was the case with Jim Crow, we knew how to fight politically. And both our personal interests and our sense of justice are on the line when it comes to Social Security and Medicare.
My prediction: As the number of Boomers nearing or entering retirement soars, and the number anticipating or signing up for Medicare soars over the next few years, we will see massive national campaigns grow around not just saving these programs but expanding and improving them. With traditional pensions vanishing, and with IRAs and 401(k) plans having been exposed as the shams they are, we are going to see an irresistable demand grow for Social Security benefits to be raised, particularly for poorer retirees, so that all Americans can have a secure old age. And we will see another irresistable political drive to have Medicare not just improved but broadened to cover all Americans, as we Boomers recognize that it makes no sense at all to have a program that only covers the oldest and sickest of Americans, and not the younger and healthier population (our own kids and grandkids!). We will realize that it is in our interest to have all Americans invested fully in supporting a well-funded national Medicare program.
And if we don't get it, we will be ready and willing to do what the public employees of Wisconsin are doing now.
Hold on to your seats (and your walkers)! The new Boomer retirees are coming!
(Regarding the "Boomers" aren't they the ones in charge and creating all this mess? The Koch bros are boomers. Bush cronies are Boomers or even older. Non-hippy boomers seem to loathe everyone who isn't made of money. They are dangerous to the US. --jef)
By WALTER M. BRASCH
Historian Thomas Carlyle said "a lie cannot live." However, Mark Twain casually remarked, "It shows that he did not know how to tell them."
More than a century later, newly-elected Gov. Scott Walker and the Republican-dominated Wisconsin legislature have proven themselves to be "quick studies," having learned how to tell whoppers about the working class and unions. Here are just a few.
LIE: The public workers' pensions are what caused much of the financial crisis not just in Wisconsin but throughout the country. Gov. Walker has repeatedly said, "We're broke . . . We don't have any money."
FACTS: Wisconsin had a $120 million surplus whenWalker came into office in January. Had the newly-elected Republican-dominated Legislature in January not given about $140 million in special tax breaks (also known as "corporate welfare") to business, the state could have had a surplus, according to the Legislative Fiscal Bureau. About two-thirds of all Wisconsin corporations pay no taxes at all, according to the Wisconsin Department of Revenue.
Wisconsin could also save significant expenses by having state-employed fiscal analysts, not Wall Street investment counselors, handle the entire pension investment portfolio. Wisconsin pays about $28 million to state managers to handle about half the portfolio; it pays about $195 million to Wall Street investment brokers to handle the other half, according to the 2010 annual report of the Wisconsin Investment Board.
Noam Chomsky, in an interview with Amy Goodman of "Democracy Now," correctly points out, "the population in the United States is angry, frustrated, full of fear and irrational hatreds. And the folks not far from you on Wall Street are just doing fine. They're the ones who created the current crisis." The Great Recession has also cost states revenue, not because of the workers' salaries and pensions but because the values went down because of lax oversight primarily during a Republican administration. Even with the Wall Street crisis, and lower-than-expected revenue, the Wisconsin pension fund is fully funded, able to meet its obligation for several years, according to the independent PEW Center for the States.
Columnist Robert Greenwald says the "shortfall" would be wiped out if Wisconsin brought home only 151 troops from the war in Afghanistan. If the U.S. left Afghanistan completely, the state would save $1.7 billion, according to Greenwald's analysis.
LIE: The reason the Republicans throughout the country want to end collective bargaining by the public service unions bargaining is to bring fiscal responsibility to the states.
TRUTH: In January 2010, the Supreme Court by a 5–4 decision along party lines declared that corporations enjoy the protection of the First Amendment. This meant that companies could increase funding and advertising for candidates. As expected, the Chamber of Commerce and corporate America gave vast amounts of money to Republican and conservative candidates; labor donated to liberal and Democratic candidates, who traditionally support the working class. In the 2010 mid-term election, seven of the top 10 donors contributed to conservative and Republican candidates. The other three in the Top 10 were labor political action committees. Eliminating collective bargaining for public sector workers would destroy the union movement and significantly reduce the influence of labor in campaigns. Walker has already shown his colors and intent when he was caught in a radio prank. On Feb. 23, Ian Murphy, editor of The Buffalo Beast, pretended to be billionaire David Koch, a supporter of far-right causes, and a major contributor to Walker's gubernatorial campaign. Punked by the 20-minute call, Walker seemed to be little more than a sycophant for Big Business. The Republicans' reaction? Instead of worrying about possible ethics violations by the governor, the Republicans planted a bill into the legislature to criminalize prank phone calls
LIE: The unions are greedy and won't budge.
FACTS: The 267,000 Wisconsin public sector workers, as well as all elected officials, Democrat and Republican, do pay very little to their pensions. However, the unions have already said they'd be willing to pay a higher contribution, essentially taking an 8 percent pay cut, and negotiate fairly other parts of the contracts. Gov. Walker not only refused to budge on his autocratic stand, he refused to take calls from elected Democrats and bluntly told the Milwaukee Journal, "I don't have anything to negotiate."
LIE: Gov. Walker's proposal affects every union in Wisconsin.
TRUTH: He exempted firefighters and police from his draconian assault upon unions, possibly because he was attempting to get support from the first responders, while mining sympathy from the public. What he didn't count on was that the firefighters and police unions are firm in their opposition to the abolishment of collective bargaining.
LIE: Gov. Walker says he's just helping the worker when he argues for elimination of the "dues check-off," saying the workers would have more disposable income.
TRUTH: Eliminating dues check-off would cripple unions, which would have to rely solely upon voluntary contributions.
MYTH: Gov. Walker enjoys wide-spread support for his stand against the unions.
TRUTH: Walker has been governor less than two months. If the election were repeated, he'd receive only about 45 percent of the vote, according to the independent Public Policy Polling (PPP) of Raleigh, N.C. More important, while only 3 percent of Republicans voted for Tom Barratt, the Democratic candidate in the November election, 10 percent of the Republicans say they'd vote for him in a new election, according to PPP. The Republican governors of Florida, Michigan, Pennsylvania, and Indiana have said they will not follow Walker's lead, and will support the rights of public workers to bargain collectively. The massive protests in Wisconsin—more than 100,000 in Madison on the same day—and throughout the nation give evidence that Walker doesn't have the popularity he and his supporters believe. A New York Times/CBS poll, released March 1, indicates only about one-third of the nation supports the campaign against public sector collective bargaining. A week earlier, an independent USA Today/Gallup poll had almost the same results.
LIE: The protestors are unruly, and should be arrested for violating the law.
TRUTH: The First Amendment gives people the right to assemble peacefully. There have been no arrests because there have been no crimes committed by the protestors. Further, when the governor and the Legislature demanded that protestors be thrown out of the state capitol, and not allowed to stay overnight, the chief of the Capitol Police refused to do so, believing the order was a violation of Constitutional rights. In contrast, Walker had actually considered, then rejected, the idea of planting troublemakers among the protestors—a "dirty trick" that dates back to the '60s.
LIE: Public sector union workers are overpaid.
TRUTH: A USA Today analysis, published March 1, shows that, on average, public service workers, with wages and benefits included, are paid about $2,500 more per year than those in the private sector. In Wisconsin, the difference is only about $1,800. However, government workers usually are "older and substantially better educated than private sector workers," according to researchers Robert Pollin and Jeffrey Thompson, professors of economics at the University of Massachusetts. But, again contrary to the lies spewed by the anti-worker Rabid Right, individual union workers, when compared to the same criteria as private sector workers, actually earn 4 percent less income, according to the Center for Economic Policy Research. In Wisconsin, public sector union workers actually earn 4.8 percent less total compensation, according to research published in February by the Economic Policy Institute. One statistic stands out. "The average member of AFSCME, our largest public-sector union, earns less than $45,000 a year," says author/journalist Bill Press, "and retires after a career in public service with a whopping pension of $19,000 per year."
LIE: Public service union workers are lazier than non-unionized private sector workers.
TRUTH: Strong labor unions generally have higher productivity, according to independent research done by Harley Shalen of the University of California, because there is less turnover, better worker communication, better work conditions, and a better-educated workforce."
+++++
The Battle Lines in Wisconsin
Should Public Workers Make Concessions?
By SHAMUS COOKE
As workers all over the U.S. become inspired by the massive demonstrations in Wisconsin, a dangerous idea is being voiced by some working-class allies that could unravel it all. The threat lies in the following argument: to protect the bargaining rights of unions, state and city workers must be prepared to make concessions over wages, benefits, etc. This line of reasoning is not only false to the core, it's suicidal.
Take for example a recent New York Times article on the battle in Wisconsin:
"It is not yet clear whether Gov. Scott Walker of Wisconsin will succeed in his quest to strip public employee unions of most of their bargaining rights. But by simply pressing the issue, he has already won major concessions that would have been unthinkable just a month ago."
This is extraordinary: The Governor makes a radically anti-union threat, and some union leaders are ready to give him EVERYTHING, just not the kitchen sink.
The article continues:
"Some of Wisconsin's major public sector unions, faced with what they see as a threat to their existence, have decided to accept concessions that they had been vigorously fighting...translating into a pay cut of around 7 percent...But Mr. Walker is not settling for that. He said that those concessions were "an interesting development, because a week ago they said that's not acceptable." (February 28, 2011).
So the anti-union Governor is making the unacceptable acceptable, merely by voicing a threat. If this precedent were established, what future do unions have? Especially when one considers that state budget deficits are projected to continue for years.
Imagine the following scenario: A war is declared by a foreign army and the defending General responds by announcing to the invaders, "I will only fight one battle to preserve this particular parcel of land (bargaining rights), and will wave the white flag over all other territory (wages, benefits, etc.).
Of course the foreign army would conclude "the enemy is already defeated!" And fight without mercy for total victory.
This is the situation in Wisconsin and other states. War has been declared on unions and some labor leaders are pretending that they can offer concessions to appease their attackers. Unfortunately, this strategy has failed for years, and is in fact why the right wing felt confident enough to officially declare war.
Every time unions agree to lower wages and benefits -- as they have been doing for years -- they weaken themselves internally, thus opening the way for further, deeper attacks. The right-wing attack on bargaining rights did not appear from nowhere; it was the result of years of concessionary bargaining, which inevitably leads to worker demoralization within the union. An army which concedes every battle will be composed of demoralized soldiers.
The union policy of concessionary bargaining is the policy of committing slow suicide, and after years of providing their executioners with nooses, some labor leaders act stunned when their hanging is announced. They believed that they could befriend the hangman, as long as they didn't create too much trouble by aggressive protesting or well-planned strikes.
But hangmen are hangmen, and they must be treated accordingly.
Labor unions must mobilize the entire community in every state to demand "No Concessions" for all public workers. The fight to save collective bargaining can only be won if workers believe that collective bargaining will save their wages and benefits; the two cannot be separated.
Contrary to what the mainstream media and politicians constantly tells us, the general public would support such a fight. A recent CBS News/New York Times poll found that "Those surveyed said they opposed, 56 percent to 37 percent, cutting the pay or benefits of public employees to reduce deficits." (March 1, 2011).
The battle in Wisconsin proves that private-sector workers do not hate their public-sector brothers and sisters, they passionately support them.
How can labor unions mobilize the general public towards a pro-worker solution to the state budget deficits? By exposing another media lie: that Americans are against ALL tax increases. In fact, the same pollsters discovered in 2009 that 74 percent of respondents "support higher taxes on the rich." (April 6, 2009).
Labor unions must place this demand at the head of their campaign to save collective bargaining rights and workers wages and benefits. Workers will be further encouraged to fight for their wages and benefits when they see that there is a solution to the budget crisis.
Rose Ann DeMoro of National Nurses United agrees:
"So it's time for all of us to say it loud: No More Cuts in Public Sector Pay, Pensions, or Health Benefits; Balance Budgets By Closing Corporate Tax Loopholes, Restoring Fair Share Taxes on Corporations and Wealthy Individuals; Guarantee Retirement Security and Healthcare for All."
++++++++++
Madison is a Foretaste of Things to Come
By DAVE LINDORFF
The dramatic occupation of the Wisconsin State House in Madison by angry public workers and their supporters over the past few weeks is an exciting preview of what we can expect to see in the halls of Congress before long, as right-wing forces, funded by corporate lobbies and corporate-funded think-tanks push hard for cutbacks in Social Security and Medicare.
The drive to undermine these two critically important social programs is moving into high gear as the 79-million Baby Boomers this year start to reach eligibility, even as their other assets--their homes and their investment portfolios--are still shriveled by the Wall Street heist known as the "fiscal crisis" and Great Recession.
For years, the right has been gravely warning of the supposedly looming "bankruptcy" of Social Security and the even more imminent "bankruptcy" of Medicare, as though these twin disasters for the elderly were an actuarial imperative. In fact, both programs are political creations, whose problems have political causes and political solutions.
Social Security is starting to draw down the huge reserves it had built up, because the share of national income that is subject to the tax has fallen, from 90% back in the 1980s, to just 84% now as the wealthy have taken an increasingly large share of the total national income. If more of the income of the rich were slapped with the FICA tax, to bring the total share of income taxed back to 90%, there would be plenty of money to pay promised benefits into the foreseeable future. The same can be said of Medicare. More taxes on the rich would ensure the funding of that program too.
There is no inherent reason why only the first $106,000 of a person's income should be subject to the FICA tax. It could be the first $200,000, or the first $500,000, and if it were the latter, we could be talking about improving benefits for retirees, not just preserving current levels. Benefits could be better still if investment income were no longer exempted from a FICA tax (and Medicare tax).
But here's the big point: Corporate America, and its political lackeys in the Republican and Democratic Parties, know that they are about to confront a dramatically more powerful protagonist in their campaign to kill Social Security and Medicare: the Boomer Retirees.
The so-called Senior Lobby is already enormously powerful. That's why Social Security has so far largely defied concerted efforts by Presidents Ronald Reagan and George W. Bush to undermine it, and it's why Republicans and conservative Democrats running for national office always hasten to claim they are not going to threaten Social Security or Medicare, or at least that they won't threaten "current beneficiaries." It's why they call Social Security the "third rail" of American politics: touch it and you die (for those of you unfortunate enough to live where there are no subways, the third rail is the "hot" rail that carries the electricity to power the electric trains).
But a Boomer retiree population will be two times the size of the current retiree population. That means that just in terms of the number of potential voters, it will be two times as powerful. But that's only part of the story. The new generation of retirees are the people who came of political age in the late 1950s during the Civil Rights movement, and the 1960s and '70s during the anti-war movement and the feminist movement. We are veterans of both engaged electoral politics (witness that support our generation gave to the insurgent campaigns of Eugene McCarthy, Robert Kennedy and George McGovern, as well as a host of more successful Congressional campaigns), and of powerful and of successful militant street politics.
What we showed back then in our youth and our formative young-adult years was that when our interests were on the line, as they were with the draft, or when we saw a gross injustice, as was the case with Jim Crow, we knew how to fight politically. And both our personal interests and our sense of justice are on the line when it comes to Social Security and Medicare.
My prediction: As the number of Boomers nearing or entering retirement soars, and the number anticipating or signing up for Medicare soars over the next few years, we will see massive national campaigns grow around not just saving these programs but expanding and improving them. With traditional pensions vanishing, and with IRAs and 401(k) plans having been exposed as the shams they are, we are going to see an irresistable demand grow for Social Security benefits to be raised, particularly for poorer retirees, so that all Americans can have a secure old age. And we will see another irresistable political drive to have Medicare not just improved but broadened to cover all Americans, as we Boomers recognize that it makes no sense at all to have a program that only covers the oldest and sickest of Americans, and not the younger and healthier population (our own kids and grandkids!). We will realize that it is in our interest to have all Americans invested fully in supporting a well-funded national Medicare program.
And if we don't get it, we will be ready and willing to do what the public employees of Wisconsin are doing now.
Hold on to your seats (and your walkers)! The new Boomer retirees are coming!
(Regarding the "Boomers" aren't they the ones in charge and creating all this mess? The Koch bros are boomers. Bush cronies are Boomers or even older. Non-hippy boomers seem to loathe everyone who isn't made of money. They are dangerous to the US. --jef)
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