Wednesday, June 22, 2011

Deficit Hysteria: Washington's War on the Young

Amplify’d from www.huffingtonpost.com

The most bizarre thing about this fiscal war on America's young people is that it's completely unnecessary. Lifting the payroll tax cap would make Social Security 100% solvent for the next 75 years. But that's off the table. Republicans are adamantly opposed to any taxes that discommode the wealthy. And the White House embraced a "payroll tax cut" that creates a useful, if minor, stimulus effect -- but at the effect of making the country's most effective and valuable program a target for future benefit-cutters.

Social Security can be stabilized easily and cleanly, just by asking the wealthy to pay their fair share. The only way to fix Medicare is by addressing our nation's broken health care system, which means taking on the structural flaws in our for-profit health economy.

Washington should be helping these young people find jobs. Instead, too many policy makers are abandoning them just as their work lives begin. Worse, they're also trying to make sure they're abandoned when their careers end, too. Enough is enough. It's time to call these misguided austerity policies what they really are: a war on America's youth.

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