The story here is a simple one: while social security may enjoy overwhelming support across the political spectrum, it does not poll nearly as well among the wealthy people – who finance political campaigns and own major news outlets. The predominant philosophy among this group is that a dollar in a worker['s] pocket is a dollar that could be in a rich person's pocket – and these people see social security putting lots of dollars in the pockets of people who are not rich.
...
There is also the flip side to this story. Politicians, especially Democrats, who speak up for cuts to social security can count on lavish praise from the media. Political figures of no obvious stature, like former Louisiana Senator John Breaux or former Indiana Senator Evan Bayh, were lionized in the media for their willingness to cut social security benefits. After leaving the Senate, both took lobbying positions where they were almost certainly earning well over $1m a year.
This is the fundamental economics of social security that explains why it has not figured more prominently in the presidential race. If President Obama were to rise in defense of the program, he could count on losing the financial backing of many supporters. He would also get beaten up by the Washington Post and other major news outlets for challenging their agenda.That about sums it up, but it does not go far enough. Obama, for reasons he has never explained, has been trying to cut Social Security from the beginning of his presidency. He called for what are euphemistically called "entitlement reforms" from the word jump. He tried to make the Simpson-Bowles slash-and-burn pirates into a fast-track committee. He tried to cut Social Security in his "grand bargain," which was a bargain for nobody who ever shopped for a bargain.
I think Dean Baker fails to see that Obama is just mildly less horrifying than, say, Paul Ryan on Social Security. His heart is truly in the business of cutting if not gutting the program. I'll say it right out: he's that awful on the program, and he has been all along. Out loud, for all to hear.
He's not appeasing anyone.
.jpg)