Wherein I Register my Exasperation with the Folksy Alan Simpson

(The president never should have appointed Simpson to co-chair this commission. - promoted by desmoinesdem)

I really don't care that Alan Simpson used the word “tits” in his description of Social Security as a “milk cow with 310 million tits.” Yeah, I realize that he was being jerkily provocative. He knew that his rough language would result in a satisfying amount of pearl-clutching, while meanwhile he could hide behind an ersatz farm-boy “well out in the barnyard that's how we pronounce 'teats'” line.

The plain truth is that Sen. Simpson has made a tidy post-Senate career out of being a sort of affable country dumbass. In the mid-1990s, while he was cooling his post-DC jets at a Kennedy School sinecure here in the People's Republic of Cambridge, he even had a local TV show on WGBH with Robert Reich called “The Long and Short of It.” Ha ha, see, because Simpson is very tall while Reich is very short.

Anyway, the long-term (i.e. 75-year) shortfall in SS amounts to 0.7% of GDP. Not exactly a huge item, compared to other recent liabilities taken on by the US Govt, including a couple of wars and two rounds of tax cuts for the wealthy in 2001 and 2003. In fact, it turns out that the long-term cost of extending the Bush tax cuts for the plus-$250K crowd is roughly equal to the long term shortfall in SS. So, allow tax rates to return to those ruinous Clinton-era levels for the top 3% or so, devote the resulting dough to SS, and bada-bing, SS “crisis” solved for another 75 YEARS.

Speaking of which… did you know that the US Defense budget is scheduled to “go bankrupt” in about one month? ONE MONTH! Geez, according to current polling I guess it's more likely that E.T. will be dispensing my Ham Squishy at the Quik-E-Mart than the Defense Dept. will be fully funded for FY2011.

  • it says a lot about Obama

    that he appointed Simpson to that commission and is standing by him now. Not an encouraging sign at all.

    I thought Simpson was particularly classy in the way he discussed veterans’ disability benefits:

    The system that automatically awards disability benefits to some veterans because of concerns about Agent Orange seems contrary to efforts to control federal spending, the Republican co-chairman of President Barack Obama’s deficit commission said Tuesday.

    Former Wyoming Sen. Alan Simpson’s comments came a day after The Associated Press reported that diabetes has become the most frequently compensated ailment among Vietnam veterans, even though decades of research has failed to find more than a possible link between the defoliant Agent Orange and diabetes.

    “The irony (is) that the veterans who saved this country are now, in a way, not helping us to save the country in this fiscal mess,” said Simpson, an Army veteran who was once chairman of the Senate Veterans’ Affairs Committee.

    The guy who doesn’t want billionaires to pay a slightly higher marginal tax rate thinks disabled veterans should be the ones to solve our fiscal problems. That comment alone should get him fired.

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