FROM Fred Lynch
Zero-Sum Politics in an Age of Austerity It's no surprise that older Americans have accumulated more wealth and earn more income than their children and grandchildren. But a recent study shows the gap is growing much faster than previously reported. The growing federal deficit and demands for spending cuts create a sense of scarcity that's pitting Americans against one another. We look at the impact of that and other "fault lines" between Americans in this election year.
The Politics of Austerity It's no surprise that older Americans have accumulated more wealth and earn more income than their children and grandchildren. But a recent study shows the gap is growing much faster than previously reported, leading to age-based competition for federal benefits. Older conservatives who see the pie shrinking view programs to help younger people, and even the poor, as threats to Medicare and Social Security. That fear has energized the Tea Partiers, and Occupy Wall Street is the first sign of youthful resistance as the struggle for scarce resources turns nasty. Meantime, well-off elites face a middle class plagued with unemployment and a sense of deprivation. What are the implications for this year's campaigns?
Is AARP Leading the Way to Cuts in Social Security? Last week, the Wall Street Journal quoted John Rother, policy director of the AARP saying, "The ship was sailing. I wanted to be at the wheel when that happens." What he was talking about was AARP's decision that cuts in Social Security might be necessary. In Washington, and around the country, the reaction was deafening. Had AARP changed its position? Should Social Security become part of deficit reduction? We hear an argument directly affecting America's most reliable voting bloc.
Social Security, the AARP and the Deficit With 37 million members and a massive budget, AARP claims it's the voice in Washington for senior citizens, America's most reliable voting bloc. But last week, AARP created a firestorm by saying it would consider "modest" cuts in Social Security benefits. The Wall Street Journal quoted AARP Policy Director John Rother saying, "The ship was sailing. I wanted to be at the wheel when that happens." In Washington, and around the country, the reaction was deafening. Deficit hawks said it's about time, but other defenders of Social Security accused the organization of selling out the very people it claims to represent. Has AARP provided an opening for America's most popular social program to be put on the deficit chopping block?
Political appointments and the reshaping of the judiciary President Trump has the chance for a long-term impact -- not just on the US Supreme Court, but on the entire federal court system. And his nominees are likely to get the support of a massive spending campaign by donors who don't have to reveal their names. Can President Trump "pack" the federal court system?
The airline electronics ban and what it means President Trump's Department of Homeland Security has banned all electronic devices larger than cell phones on some foreign airlines flying direct to the US. It's causing confusion as well as inconvenience. Is the motive really just increased security?
Trump, Russia and rabbit holes Conservatives are now joining liberal critics of President Trump by demanding to know about his administration’s ties to Russia. We hear about Washington latest political flap and possible unintended consequence.
'Do-or-die' time on healthcare bill President Trump has demanded a House vote today on replacing Obamacare…whatever the details might be. Despite his campaign promise that nobody would lose health insurance, that's possible for 24 million people if he were finally to sign this bill into law.