AGENDA-SETTING

Posted in Quick Hits on June 22nd, 2016 by Ed

CNN ran the ten-thousandth story about how Social Security will "run dry," this time "by 2034." The headline is misleading, as the story goes on to explain that beyond that date Social Security benefits would be reduced, not eliminated, but that's only the second-most dishonest thing going on here. The full text includes the following gem of Beltway consensus "Guarantee victory for the status quo by defining the options" agenda-setting:

To make all of Social Security solvent for the next 75 years would require the equivalent of any of the following: immediately raising the Social Security payroll tax rate to 14.98% from 12.4% on the first $118,500 of wages; cutting benefits by 16%; or some combination of the two.

In The Semi-Sovereign People, E.E. Schattschneider asserted that "the definition of the alternatives is the supreme instrument of power" (1960/1975, 66). We may never find a better example than this one. Here are your options, America: raise taxes or cut benefits. Or, you know, we could lift the earnings cap ("on the first $118,500 of wages") that serves as little more than a tax break for people making six figures and then fund the system for the next century without a second thought. Congress could do that at any time, and it happens to be the simplest and best solution to the problem. Too bad it's not an option. There are only two of those: raise payroll taxes or cut benefits. Any questions?

If you get a stain on your shirt, according to CNN I guess your only two options would be to continue wearing the stained garment or throw it away. Getting it cleaned to remove the stain is just crazy talk.