A Quote by Edmund Phelps
When public spending in the form of transfer payments makes various services and benefits free of charge, work is discouraged. Yet it is precisely Social Security that legislators fear to cut.
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Without in any way minimising the economic and psychological blow that people experience when they lose their jobs, the unemployed in affluent countries still have a safety net, in the form of social security payments, and usually free healthcare and free education for their children. They also have sanitation and safe drinking water.
I will not cut benefits. I want to enhance benefits for low-income workers and for women who have been disadvantaged by the current Social Security system.
When the average Social Security benefit is $1328 a month, and more than one-third of our senior citizens rely on Social Security for Virtually all of their income, our job is to expand benefits, not cut them.
Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.
The various Social Security privatization schemes, full and partial, would cost both the 'social' - that is the public, cooperative, societal - element of the program and 'security' - the rock-solid income guarantee afforded by the system. It should be rejected.
We have got to cut the spending. We have got to fix Medicare and Social Security. And actually, if we don't cut spending, this country is already broke. We are going off the financial cliff: the big cliff that is going to cause a total economic collapse of America.
Believe me, every American, every person in this country, if I have anything to say about it, will know precisely what is going on with Social Security, Medicare and Medicaid, because they are beginning to appoint people who are typical right-wing Republicans who want to privatize and cut Social Security.
Millions of Americans have paid into social security and deserve their full benefits. Pure and simple, Republicans are manufacturing a social security crisis that does not exist in order to dismantle social security.
The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security.
Bad spending, to me, in terms of its economic benefit, would be wealth transfer payments. It's a misallocation of resources.
What we should do is require or at least permit innovators to license their green innovations free of charge in exchange for public payments based on the impact this innovation has on the environment - emissions averted or something of this sort.
Foreign policy is about trying to deliver for them the best possible economic benefits, the chance to travel, to study, to work, the opportunity through trade to be able to sell their goods and services and as much peace and security so they can live and bring their kids up so they don't have to fear war.
Democrats need to stand strong against any efforts to cut benefits to Social Security and Medicare.
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
Social security is the most successful government program in our nation's history. We are not going to cut social security! We are going to expand social security!
They fight so much for two reasons. One is they don't want to be blamed for breaking the spending caps. And secondly, they don't want to be blamed for spending the Social Security surplus on non-Social Security problems.
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