Thom Hartmann and Stephen Moore debate - Don't cut Social Security...Double it!

[thomhartmann]

Run time: 09:20 https://www.youtube.com/watch?v=bTWQ4yqVS7E   Posted on YouTube: August 19, 2010 By YouTube Member: thomhartmann Views on YouTube: 1   Posted on DU: August 19, 2010 By DU Member: thomhartmann Views on DU: 703

 
The Thom Hartmann Program can be heard daily M-F 12-3pm ET. Visit www.thomhartmann.com to listen live, join the community or purchase a podcast.

[marmar]

1. Isn't Stephen Moore the one who claims democracy is less important than capitalism?

'Nuff said.

[digidigido]

2. Does anyone take that douche seriously?

I'm always shocked when I see him on Bill Maher. It's why I keep threatening to give up
all news media, even Hartman. Having idiots like that on the show only legitimizes them
All media is F'd up. Christ, I'm for oposing viewpoints and critical debate, but for God's
sake, don't waste my time with douche nozzles lke that

[butterfly77]

3. Kicked&Recommended!

[Jim Sagle]

4. Thom wrote an entry on his blog explaining his position:

A New America Foundation study is not calling for Social Security to be cut back but to double it. With the crash of private pensions, homeownership and personal savings in the footsteps of this Republican Great Recession, Social Security becomes central to the historic "three-legged stool" of American retirement security. Yet Social Security now only brings in only a about a third of the money needed for retirement. This study recommends doubling social security payments, and funding it by lifting the cap so millionaire banker, who right now pay a paltry 1%, pay the same 12.4% that a carpenter or firemen does. Add to that a social security tax on billionaire hedge fund managers and others who make their living through sitting on their butts, around the pool, waiting for the interest or dividend check to arrive in the mail, and you can not only double current social security payments, but the system is solvent forever.

Link

Sounds great to me!

[LongTomH]

5. I think more people would vote to increase Social Security than to cut it!

Most Americans have lost value in their 401K's or IRA's - if they were lucky enough to have one at all. Pensions have been cut, 'frozen' or just plain eliminated for most of us.

And Thom is right about those young people working three jobs; they're barely making enough to live and pay off education loans.