The Whole Delivery

This is a wonderful and powerful effort from the ACLU indeed : More Deliveries : Did you happen to see this wonderful news letter that MoveOn sent out to all of its viewers in the continue "Defense of Social Security" campaign. Via the always delightful Digby, this letter just is a COMPLETE WIN as it can get. It features 5 key myth busting facts to those who hate just helping their fellow American citizens, including... Myth: Social Security is going broke. Reality: There is no Social Security crisis. By 2023, Social Security will have a $4.3 trillion surplus (yes, trillion with a 'T'). It can pay out all scheduled benefits for the next quarter-century with no changes whatsoever.1 After 2037, it'll still be able to pay out 75% of scheduled benefits--and again, that's without any changes. The program started preparing for the Baby Boomers retirement decades ago.2 Anyone who insists Social Security is broke probably wants to break it themselves. It ...

Via a terrific post from bobswern , Columbia University professor and Nobel laureate Joseph Stiglitz explains clearly why we are in the economic mess that we are in , showing the key five reasons. 1)The Reagan administration's decision to replace Federal Reserve Board Chair Paul Volcker with Alan Greenspan 2) The veritable repeal of the Glass-Steagall Act, due to the passage of the Gramm-Leach-Bliley Act 3) George W. Bush' tax cuts (2001, 2003), along with various other "leeches," such as the Iraq War, and the country's dependence upon foreign oil--two key factors that have sucked trillions of dollars out of our economy over the past three decades--in other words, very little was done to actually stimulate the economy, instead a focus upon economic bubbles was the rule of the day; 4) The epic fail of the ratings agencies (with Standard & Poor's, Moody's, and Fitch being the three largest), along with a Wall Street ethos that amplified Michael Douglas...