Friday, September 3, 2010

Boozman's aim on Social Security

Posted By on Fri, Sep 3, 2010 at 10:29 AM

The Arkansas Republican Party is trumpeting the news that the respected Politifact news service has found only "barely true" Sen. Blanche Lincoln's claim that opponent John Boozman wants to privatize Social Security.

Barely true is not false. It is true.

A reading of the Politifact research on the ad shows quite clearly the many ways in which John Boozman has indicated he believes Social Security is unsustainable and needs to be changed by opening the door to to privatization measures. Allowing such individual investment decisions would be the doom of the system as we know it and those who favor the approach know it full well. Imagine if G.W. Bush had succeeded in the Republican plan to privatize the system before the market collapse. Imagine.

Said Republican spokeswoman Alice Stewart:

He supports a plan to allow young workers to divert a portion of their payroll taxes into personal investment accounts, these would be safe investments,

Pray tell those safe investments. We'd all like to know.

It is also wholly true that Boozman is a co-sponsor of legislation to impose a 30 percent national sales tax. Imagine.

PS — The Republican shill wants you to believe a 30 percent sales tax would be offset by end of the income tax. Hah. A family of four earning $75,000 pays an effective income tax rate of under 5 percent, or about $3,750 a year. But virtually every dime they make would be spent on 30 percent sales taxable goods. That $20,000 pickup would add $6,000. A house? Who knows? And that's if 30 percent would be revenue neutral after all the special pleaders were accommodated. It slanders pigs to call this a pig in a poke.

Tags: , , ,


Speaking of...

Comments (26)

Showing 1-26 of 26

Add a comment

Subscribe to this thread:
Showing 1-26 of 26

Add a comment

More by Max Brantley

  • Thursday's open line and the daily video

    Here's the open line and the daily video.
    • Oct 27, 2016
  • UPDATE: Ted Suhl gets seven years, $200,000 fine for bribery

    Ted Suhl was sentenced this morning by federal Judge Billy Roy Wilson on four counts of attempting to bribe a state official to help his mental health business supported by Medicaid money. He received 84 months and a $200,000 fine and is to report to prison in early January. He will appeal.
    • Oct 27, 2016
  • Question raised on Dallas Cowboy gift to NLR cops

    Blogger Russ Racop raises an interesting question, as he sometimes does, about Dallas Cowboys owner Jerry Jones' gift of free tickets for North Little Rock cops to attend a Dallas Cowboy football game.
    • Oct 27, 2016
  • More »

Readers also liked…

  • Opposition organizes to school outsourcing bill

    Little Rock residents aren't happy about news of plan to to turnover the school district, its facilities and its tax base to private management companies for charter schools.
    • Mar 8, 2015
  • Four little words for equality: Civil rights bill filed for sexual orientation, gender identity

    Today, Rep. Greg Leding filed HB 1959, which adds four words to the state civil rights law to prohibit discrimination in employment, public accommodations, property transactions, credit or the political process on grounds of "sexual orientation, gender identity." The law already protects in cases of race, religion, national origin or disabilities.
    • Mar 9, 2015
  • War. What is it good for? Tom Cotton has an idea

    Twenty-four hours after meddling in President Obama's talks with Iran, hawkish Sen. Tom Cotton scheduled an off-the-record meeting with defense contractors, who'd be happy to supply goods for U.S. armed incursions in the Middle East.
    • Mar 9, 2015

Most Shared

  • Issue 3: blank check

    Who could object to a constitutional amendment "concerning job creation, job expansion and economic development," which is the condensed title for Issue 3 for Arkansas voters on Nov. 8?
  • Little Rock police kill man downtown

    Little Rock police responding to a disturbance call near Eighth and Sherman Streets about 12:40 a.m. killed a man with a long gun, Police Chief Kenton Buckner said in an early morning meeting with reporters.
  • From the mind of Sol LeWitt: Crystal Bridges 'Loopy Doopy': A correction

    Crystal Bridges Museum of American Art is installing Sol Lewitt's 70-foot eye-crosser "Wall Drawing 880: Loopy Doopy," waves of complementary orange and green, on the outside of the Twentieth Century Gallery bridge. You can glimpse painters working on it from Eleven, the museum's restaurant, museum spokeswoman Beth Bobbitt said
  • Ted Suhl loses another bid for new trial; faces stiff sentencing recommendation

    Ted Suhl, the former operator of residential and out-patient mental health services, has lost a second bid to get a new trial on his conviction for paying bribes to influence state Human Services Department policies. Set for sentencing Thursday, Suhl faces a government request for a sentence up to almost 20 years. He argues for no more than 33 months.
  • Football and foster kids

    It took a football stadium to lay bare Republican budget hypocrisy in Arkansas.

Most Viewed

Most Recent Comments



© 2016 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation