"Knowledge will forever govern ignorance

 and a people who mean to be their own governors

 must arm themselves with the power which knowledge gives."

Friday, April 29, 2005

Corzine On Social Security

What is Jon Corzine’s plan for Social Security in 2005? We couldn’t find one, but here’s a bit on the “Clinton-Corzine Plan” as Corzine liked to call it, back in 2000.

From Social Security This Week - May 29, 2000

The May 8 issue of Social Security This Week commented on the race for the Democratic nomination for the Senate in New Jersey, which pits former Governor Jim Florio against ex-Goldman Sachs financier Jon Corzine. Both candidates claim White House backing for their Social Security plans. Corzine favors the original Clinton administration plan for the government to invest a portion of workers payroll taxes in the stock market, while Florio adopts the “second edition” administration plan, touted by Vice President Gore, in which all forms of market investment are deemed too risky.
From The New York Times - May 12, 2000
Both former Gov. Jim Florio and Jon S. Corzine tried to appeal to the elderly, who are expected to make up a large segment of the Democrats who vote in the June 6 primary. In their heated remarks about ways to extend the solvency of Social Security, the candidates even disputed whether President Clinton had turned away from his own plan to invest part of the Social Security trust fund in the stock market.

Mr. Corzine, whose staff has described the proposal as the "Clinton-Corzine Social Security Plan," said the plan would yield greater returns than investing in government bonds, and ensure the system's viability for future generations.
From Social Security This Week - May 8, 2000

Vice President Gore, in his recent battle with George W. Bush, now claims that the administration did not in fact ever propose such investment.

How did Corzine react to these statements? “We’re certainly surprised, but not nearly as much as Bill Clinton must be,” said one Corzine aide.” In fact, as the Times reveals, Mr. Clinton’s spokesman said earlier this month that the president still supported the concept.

Sen. Bob Kerrey (D-Neb.), another New Democrat, says, “In spite of the political rhetoric” by Gore, “this is the progressive approach. It would be irresponsible not to do it.”

In a May 10 column in the Albany Times Union, Matt Miller writes that “Kerrey, a longtime leader on entitlement reform, told me that if Gore moves from vague language about ‘secret plans’ and ‘risky schemes’ to poison the well for honest talk about Social Security’s long-term woes, he’ll ‘join the debate’ to hail Bush’s leadership and slam Gore’s irresponsibility.”
We guess Senator Corzine’s plan for Social Security is to “poison the well for honest talk about Social Security’s long-term woes” - Mr. Corzine’s “Second Edition Plan.”


At 4:01 PM, Anonymous aegidius said...

Why did you bother quoting all that stuff if your guess about Senator Corzine's plan was pre-determined all along?

There haven't been any Democratic proposals from serious players to privatize Social Security, the way the Republicans and Libertarians have wanted to for generations. Some Democrats have talked about plans to ADD ON private accounts, in addition to the existing system. The plan Bush and Company are pushing calls for carving private accounts out of the existing payment structure. That would require taking on trillions of dollars of new debt for restructuring, because much (but not all) of the money coming into the system now goes for payments for current retirees (and survivors and the disabled).

Here's the real deal: Social Security isn't in a "crisis." It's clearly in good shape for decades. What informed people are talking about is all based on projections, and as a matter of fact, the most recent projections show Social Security to be in better shape than the projections of five or six years ago. Which explains what Clinton, Gore and Corzine were talking about supplemental accounts in 2000.

Bush's proposals do NOTHING to secure Social Security now or to avoid a projected "fiscal crisis" in the future. Dan Bartlett admitted as much (on "background," of course) when he briefed the press just prior to Bush's 60 day Bamboozlepalooza Tour to swindle people out of the current system.

Bush's proposals will in fact necessarily lead to reductions in Social Security payments to people who retire, even those people who are retired now, to whom he keeps making promises that their benefits won't be affected. If he succeeds in ramming his Social Security phase out plan into place, those people who are dizzy enough to opt for private accounts will have even greater reductions in Social Security benefits. A real "gotcha!"

If you doubt any of this, do a little research. Check out how lousy privatization has been for those people who fell for the scheme in Chile. One of the top guys who administered the Chile program (put into place under Pinochet and the generals) is now part of the Bush administration "brain trust" pushing for privatization.

Check out Media Matters for America's archive of stories analyzing media lies and distortions about Social Security: http://mediamatters.org/archives/search.html?topic=Social%20Security

This isn't about good financial management. It's an ideological struggle. Bush and Company want to privatize as much of the government and its functions as they can, whatever the cost, because that's their ideological stance. They couldn't care less who gets hurt. They know their own future is secure.

At 4:43 PM, Blogger Enlighten said...

Does your comment have anything to do with what Corzine said in 2000 about Social Security?

Was The New York Times wrong in their reporting?

Everyone's entitled to change their opinion, we'd just like to know what fact(s) about Social Security have come to light since that time to make Corzine change his.

Was Bob Kerry out of his mind too at the time?

Repeating Dem talking points over and over doesn't make them true. The same holds true for us.

But, let's assume for arguement sake, the Repubs want to "privatize as much of the government and its functions as much as they can", why is this concept on it's face wrong or not good for Americans?

To see where we are coming from perhaps you might like to read our post "Can We At Least Agree That We Share A Common Goal?" http://enlightennj.blogspot.com/2005/04/can-we-at-least-agree-that-we-share.html

We will assume you have the best of intentions, could you give us the same courtesy?

We don't beleive life should be a zero sum game.

At 2:10 AM, Blogger 贝贝 said...

The Tax Return Crack-Up<3>
Granted, there are usuallyMicrosoft Office 2010write-ups when presidential contenders make their tax returns available, but the coverage falls far short of the Office 2010
full court press (pardon the pun) that the Clintons have received. What's Microsoft Office 2007different now?Office 2007One possibility is that most upper middle class Democrats, and therefore most Microsoft OfficeOffice 2007 keyeditors and reporters of our nation's big papers as well as Office 2007 downloadtelevision producers, are Obama supporters who think that Hillary should hurry up Office 2007 Professionaland drop out of the race already.Microsoft outlook
Microsoft outlook 2010Whom elite liberals are pulling for really does shape political coverage in ways


Post a Comment

<< Home

 Contact Us

  • Email Us
  • Blog Roll Us!



  • Atom Feed
  • Bloglines
  • Feedburner
  • Feedster
  • Add to Google
  • Add to My MSN
  • Add to My Yahoo
  • News Is Free

    Recent Posts

  • Join The Debate
  • What Do You Mean By Moderate?
  • What do Freeloaders Do Anyway?
  • Cash-Poor Schools And The Magic Cap
  • Do We Need To Draw You A Picture?
  • When Helping The Poor Is A Con
  • Wing-Nut Alert!
  • Only In America
  • Honey, They Shrunk The Kid’s School Aid
  • Howard Dean Makes The Case For His Party


  • November 2004
  • December 2004
  • January 2005
  • February 2005
  • March 2005
  • April 2005
  • May 2005
  • June 2005
  • July 2005
  • August 2005
  • September 2005
  • October 2005
  • November 2005
  • December 2005
  • January 2006
  • February 2006
  • March 2006
  • April 2006
  • May 2006
  • June 2006
  • July 2006
  • August 2006
  • September 2006
  • October 2006
  • November 2006
  • December 2006
  • January 2007
  • February 2007
  • March 2007
  • April 2007
  • May 2007
  • June 2007
  • August 2007
  • September 2007
  • October 2007
  • November 2007
  • December 2007
  • January 2008
  • February 2008
  • April 2008
  • November 2008
  • January 2009
  • August 2009
  • September 2009
  • February 2012

    Online Journals

  • National Review

  • Opinion Journal

  • Real Clear Politics

  • Weekly Standard

  • Blog Roll

  • A Blog For All
  • Althouse
  • Ankle Biting Pundits
  • Barista of Bloomfield Avenue
  • Betsy's Page
  • Blue Crab Boulevard
  • Blogs For Condi
  • Bob the Corgi
  • Brainster's Blog
  • BuzzMachine
  • Captain's Quarter's
  • Cinnaman
  • Coalition of the Swilling
  • CWA-NJ
  • Dino's Forum
  • Daily Mail
  • Don Surber
  • DynamoBuzz
  • eCache
  • Exit 4
  • Fausta's Blog
  • GOP Bloggers
  • Instapundit
  • Joe's Journal
  • Kate Spot
  • Kausfiles.com
  • Little Green Footballs
  • Michelle Malkin
  • More Mnmouth Musings
  • Parkway Rest Stop
  • Patrick Ruffini
  • Polipundit
  • Power Line
  • Right Wing News
  • Roger L. Simon
  • The Blue State Conservatives
  • Riehl World View
  • Red Jersey
  • Right, Wing-Nut!
  • Sid in the City
  • Tiger Hawk
  • The Truth Laid Bear
  • Tim Blair
  • Wizbang

  • Sid in the City

    Majority Accountability Project


    New Jersey Blogs


  • 11th and Washington

  • A Blog For All
  • A Planet Where Apes Evolved From Man?!?
  • Armies of Liberation
  • Atlantic Highland Muse
  • Attack of the 15.24 Mete

  • Barista of Bloomfield Avenue
  • BeLow Me
  • Big Windbag
  • Blanton's and Ashton's
  • Blue State Conservatives
  • Burning Feathers
  • BuzzMachine

  • Clifton Blogs
  • Coalition of the Swilling
  • Cobweb Studios
  • CoffeeGrounds
  • Constitutional Conservative
  • Confessions of a Jersey Goddess
  • Corzine Watch
  • Crazy Jackie
  • Cresting Acrocorinthus
  • Cripes, Suzette!

  • Daniella's Misadventures
  • Did I Say That Out Loud
  • Dojo Mojo
  • Dossy's Blog
  • Down the Shore
  • DynamoBuzz

  • eCache
  • Enlighten-NewJersey
  • Eye On Hoboken
  • Exit 4
  • Exit Zero
  • Extreme-Psychosis

  • Fausta's Blog
  • Fausti's Book Quest
  • Fractals of Change
  • Frenchtown NJ Blog

  • GiggleChick
  • Gregg Gethard's Amazing Personal Journey
  • goethe re scape

  • Hoboken Rock City

  • IamBillPower
  • If this is paradise, I wish I had a lawn-mower
  • Imaginary Therapy
  • Inadmissible Evidence

  • Jersey Beat
  • Jersey Perspective
  • Jersey Side
  • Jersey Style
  • Jersey Writers
  • Joe's Journal

  • Karl's Corner
  • Kate Spot

  • Laughing At The Pieces
  • Likelihood of Confusion
  • Liss Is More

  • Mamacita
  • Mary's Lame Attempt at Fame
  • Media in Trouble
  • Michael Carroll
  • Mister Snitch!
  • MucknMire
  • My Life as a Rabid Blog
  • My New Jersey

  • New Jersey Eminent Domain Law
  • NJ Conservative
  • NJ Fiscal Folly
  • New Jersey For Change
  • New Jersey Weblogs
  • NJ Spoken Word
  • Northeast Corridor

  • Parkway Rest Stop
  • Philly2Hoboken.com
  • Poetic Leanings
  • Poor Impulse Control
  • Professor Kim's News Notes
  • Property Tax NJ

  • Rain Angel
  • Riehl World View

  • Shamrocketship
  • Shipwrecks
  • SloppyDawg
  • Sluggo Needs a Nap
  • SmadaNeK
  • Static Silence

  • Tami,The One True
  • Tammany on the Hudson
  • Tequila Shots For The Soul
  • The Art of Getting By
  • The Center of New Jersey Life
  • The Daily Fry
  • The Duc Pond
  • The Jersey Shore Real Estate Bubble
  • The Joy of Soup
  • The Mark(ings) of Zorro
  • The New Wisdom
  • The Nightfly
  • The Opinion Mill
  • The Pink Panther
  • The Political Dogs
  • The Rix Mix
  • This Full House
  • Tiger Hawk
  • Tomato Nation
  • Toxiclabrat
  • Twisty

  • Unbillable Hours
  • Usdin.Net

  • Where Is The Remote
  • Wine Goddess

  • Xpatriated Texan

  • Links

  • NJ Governor
  • NJ Legislature
  • Bob Menendez Information

  • Blog Rings

  • Blog Explosion
  • Blog Directory
  • Blogsnow
  • Blogwise
  • Blogstreet
  • Blogshares
  • Blogarama
  • Blog Digger
  • Daypop
  • Globe of Blogs
  • Blog Search Engine

  • Ecosystem Status

  • Who Links Here