Trump Agenda: Privatization of Medicare and Social Security?

Jerri-Lynn here: In this Real News Network interview, Nancy Altman, Co-Director of Social Security Works and the author of a book entitled, The Battle for Social Security: From FDR’s Vision to Bush’s Gamble, discusses the enhanced threat of privatisation of Medicare and Social Security raised by the membership of President-elect Donald Trump’s transition team and  recent nomination announcements.

I have some reservations about this interview but will only raise two quibbles here. First, there’s an assumption embedded in the framing employed herein that Democrats are angels who consistently and adamantly oppose tampering with Social Security and Medicare, and it’s only the nasty Republicans who seek to jettison these highly popular programs. To swallow this assumption is to ignore bald evidence to the contrary. Bill Clinton was poised to privatize parts of Social Security and might well have succeeded, but for the disclosure of his Oval Office dalliance with Monica Lewinsky. And also remember that it was the Obamamometer who in 2010 created the National Commission on Fiscal Responsibility and Reform — more widely known as the Simpson-Bowles Commission– that put “entitlements” spending on the chopping block. So both parties must be watched carefully– if we turn our backs, who knows what they might get up to?

– Naked Capitalism

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