Sunday, February 16, 2020

From Gutting To Savings #Social Security, a mirage of debate

“Statements by President Trump and top Democratic presidential candidates in recent days have thrust Social Security into the middle of the 2020 campaign.” ~ Washington Post

Last week I lamented that the issue of Social Security has gone 0 for 7 in the Democratic debates, see article. I felt, and still do, that law makers need to focus more the program’s long-term stability, and the media needs to hold our elected officials to account. Nothing suggests to me that either is happening.

This week, the program is drawing fresh attention from heavyweight news outfits like the New York Times, Washington Post, CNN, plus a range of political outlets because of comments coming from leaders in both parties. Unfortunately, the news reports and opinion pieces tell you more about the breakdown of the debate than the direction of the program. Social Security is being used as a prop for wedge politics.

There are two underlying stories here: President Trump made comments in an interview with CNBC’s Joe Kernen about the size of entitlement spending. Elsewhere, Biden and Sen. Bernie Sanders (I-Vt.) have exchanged barbs over comments about Social Security that date back decades. (The best coverage of the stories seems to be in the Washington Post, read here.)

In the first story, Trump seems to suggest that he might consider revamping entitlement programs after the election. Almost overnight, writers inserted “Social Security” into the story as an example of an entitlement to provide context for the reader. Then articles stated that the President was open to cutting Social Security. Outlets like Forbes ran pieces that said that Trump actually said Social Security cuts were on his agenda. By the time the story reaches outfits like Huffington Post, Trump has committed to gutting the program. Now the media claims that Trump is attempting to “walk-back” comments that he never actually made.

Here is the interview clip. Read; the words Social Security never appear in the interview.
Will Entitlements Be On Your Plate?
At some point they will be. We have tremendous growth. We're going to have tremendous growth. This next year I—it'll be toward the end of the year. The growth is going to be incredible. And at the right time, we will take a look at that. You know, that's actually the easiest of all things, if you look, cause it's such a big percentage.
I have no idea what he is saying. The words Social Security do not appear in the entire interview. There is nothing here about cuts. Instead of reporting the news, the media is conflating news with analysis (guesswork) such that the news can be sold in the eyeball marketplace on the internet - to great effect by the way.

In separate but similar story, Sanders has questioned Biden’s commitment to Social Security. In return, Biden has accused Sanders of distributing ‘doctored’ videos, edited to make it appear that Biden has ‘advocated for Social Security cuts for 40 years’.

Neither story deals Social Security. Both are garden-variety wedge politics playing out on a level not far removed from that of a 3rd grade playground. Each case is a matter of he said (somewhat doctored), she denied. What Biden said in 1983 is irrelevant today. What he said 10 years ago is not meaningful. It is nearly $10 trillion of crisis ago. Paul Krugman summarized this story best; “The Sanders campaign has flat-out lied ..., and it has refused to admit the falsehood. This is almost Trumpian.” (Here are two fact check reviews if you are interested; see PolitiFact, FactCheck.)

The impact of this type of this progression has an unfortunate and serious consequence for the program. The lesson for politicians of any level is to evade the subject like the political plague. This response has less to do the price paid at the ballot box from older voters today, and a lot more to do with fear that any combination of words will morph into attack ads that last over 40 years.

While there isn’t any news here, neither Trump nor Biden deserves a pass on Social Security either. Both want to run the country. In the case of Trump’s comments, the media should be asking questions rather than inserting answers. Mr. President could you tell us specifically what the contraction “that’s” refers to? What are the numerator and denominator that make up your “big percentage”? At that point we can start to ask about “easiest.”

It is entirely fair for Sanders to point out that Biden has no plan for Social Security. His plan stops at empty rhetoric and vague promises. He promises to raise money and he promises to spend money. What an astonishing commitment to arguably the most important program in the federal government. Sanders should further point out that the GOP broadly does not have a plan. Suggesting that the GOP wants to gut Social Security or privatize the system is absurd. The real problem is that politicians on the right want to do nothing, and the current debate structure incentivizes it, and subsidizes it.

Social Security hasn’t been thrust into the news. It is nothing more than a label to attract readers.