July 26, 2011

Dayton Paper’s ‘Seniors Fear’ Story Likely All Too Typical

If there’s a reason why Dayton Daily News staff writer Drew Simon wrote his Tuesday morning story (“Seniors fear losing Social Security checks”) other than to scare the elderly, I don’t know what it is.

Nowhere in his report did Simon say who was the first person to invalidly raise the specter of Social Security checks not going out on August 2 (it was President Barack Obama, in case you missed it). Nowhere did he mention that the likelihood is extremely remote, and that if it happens it would only be because the Obama Treasury Department decided to let it happen. Messy items like that distract from the main purpose. Oh, but Simon did get an apparatchik from AARP who also should and probably does know better to chime in on his behalf.

Here are a few paragraphs from Simon’s stench:

Seniors fear losing Social Security checks
One Dayton woman wonders how she will survive without it.

Trudy Steineman of Dayton receives $1,078 each month from Social Security, which represents about half of her monthly income.

Should Congress fail to raise the debt ceiling by next week and the government halts the distribution of Social Security checks, she wonders how she will survive.

“I wouldn’t be able to live,” said Steineman, who moved in with her youngest son Matt in December. “I have medical bills I’m trying to pay off.”

The 61-year-old Dayton retiree said she suffered two seizures and has back problems. Workers’ compensation contributes to the other half of her monthly income.

… More than 2 million Ohio seniors would be affected if Social Security checks are halted Aug. 2, according to Kathy Keller, associate state director of communications for AARP.

“What we’re doing is making sure that our congressmen and senators know that this is unacceptable,” Keller said. “For about one-third of the Ohioans who get Social Security checks, its 90 percent of their income. Those are the people that are going to be hurt the worst.”

As Dean Clancy at RedState explained: “… since those checks only cost $50 billion, compared to $170-200 billion coming in, there will obviously be sufficient funds to mail them.” Of course, you can’t rule out the Obama administration failing to send them (actually, in most cases, to electronically transfer them) to make a political point.

But that’s my point. Simon’s fact-free, blame-free, scare-tactic reporting is irresponsible, and conveniently implies that Congress and not President Obama, Tim Geithner, and their merry band of bankrupters will be to blame if the funds don’t go out.

One wonders how many times Drew Simon’s effort is effectively being duplicated in local papers, web sites, and broadcast outlets around the country. The answer is probably “way too darned many.” Oh, and there’s hardly a chance in Hades that Simon would have ignored what President Obama said if a Republican or conservative president had said it.

Cross-posted at NewsBusters.org.



  1. Obama thinks we are all a bunch of sheep…….


    Ron Paul: Social Security Talk a Scare Tactic

    Michael Baron
    07/18/11 – 03:42 PM EDT
    NEW YORK (TheStreet) — Republican presidential candidate Rep. Ron Paul (R., Texas) weighed in Monday on the drama surrounding the looming debt ceiling deadline, saying the Federal Reserve’s quantitative easing already constitute a default on the American people and that the threat of Social Security checks being held up is a scare tactic.

    “Every time the Federal Reserve engages in more quantitative easing and devalues the dollar, it is defaulting on the American people by eroding their purchasing power and inflating their savings away,” Paul said in a statement entitled Debt Ceiling Drama on his Web site.

    Saying defaults happen every day through “monetary policy tricks,” Paul noted the dollar’s depreciation of nearly 50% against gold since 2008, and took issue with the government’s claims of “inflation is 2% or less over the past few years,” saying alternative data complied by economists “show a 9% inflation rate if calculated more traditionally.”

    Paul, who announced on July 12 that he won’t seek re-election to his House seat, called statements that Social Security checks could be held up the “most abhorrent bit of chicanery” that’s come up in relation to the political theater that’s gone on with the debt ceiling. He points out that the Chief Actuary of Social Security has confirmed current Social Security tax receipts are “more than enough” to cover outlays.

    “The only reason those checks would not go out would be if the administration decided to spend those designated funds elsewhere,” Paul said. “It is very telling that the administration would rather frighten seniors dependent on Social Security checks than alarm their big banking friends, who have already received $5.3 trillion in bailouts, stimulus and quantitative easing.”

    A proponent of the gold standard who has sometimes been referred to as the ideological father of the Tea Party movement, Paul was plain about his feelings that the United States is headed for “rough economic times either way,” saying what needs to change is a fundamental view of how big a role the government should play in society.

    “We need to stop adding more programs and entitlements to the problem,” Paul said. “We need to stop expensive bombing campaigns against people on the other side of the globe and bring our troops home.”

    He continued: “We need to stop allowing secretive banking cartels to endlessly enslave us through monetary policy trickery. And we need to drastically rethink government’s role in our lives so we can get it out of the way and get back to work.”

    Paul declared his intentions to run for the 2012 presidential nomination of the Republican Party on May 13. This is his third run for the presidency.

    Comment by Greg — July 27, 2011 @ 9:45 am

  2. This article was timely in 2008 as it is today.

    Remember, Congress created the FED, they can kill it.
    Three evils occured in 1913 that need to be corrected now!
    1. The IRS was created.
    2. The FED was created.
    3. and “Senators” were elected directly instead of being appointed by the states….. Now the states are disenfranchised and the constittution never intended this.

    By Chuck Baldwin http://www.baldwin08.com/
    September 26, 2008

    At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history.
    Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

    According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this “money-out-of-thin-air” fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.
    Already, Bear Stearns was awarded a $29 billion bailout, followed quickly by the bailout of Freddie and Fannie that will cost the taxpayers up to $200 billion. Then the Fed announced the bailout of AIG to the tune of $85 billion. Mind you, AIG is an enormous global entity with assets totaling more than $1.1 trillion. Moreover, the Feds agreed to pump $180 billion into global money markets. And the Treasury Department promised $50 billion to insure the holdings of money market mutual funds for a year. Now, taxpayers are being asked to provide $700 billion to Wall Street. (I hope readers are aware that, not only will American banks be bailed out, but foreign banks will also be bailed out. Then again, at least half of the Federal Reserve is comprised of foreign banks, anyway.) In other words, the Federal Reserve is preparing to spend upwards of $1 trillion or more. Remember again, this is fiat money, meaning it is money printed out of thin air.

    All of this began when the U.S. Congress abrogated its responsibility to maintain sound money principles on behalf of the American people (as required by the Constitution) and created the Federal Reserve. This took place in 1913. The President was Woodrow Wilson. (I strongly encourage readers to buy G. Edward Griffin’s book, The Creature from Jekyll Island.) Since then, the U.S. economy has suffered through one Great Depression and several recessions–all of which have been orchestrated by this international banking cartel. Now, we are facing total economic collapse.
    But don’t worry: the international bankers will lose nothing–not even their bonuses. They will maintain their mansions, yachts, private jets, and Swiss bank accounts. No matter how bad it gets on Main Street, the banksters on Wall Street will still have the best of it–President Bush and the Congress will make sure of that. This is one thing Republicans and Democrats can agree on.

    America’s founders were rightfully skeptical of granting too much power to bankers. Thomas Jefferson said, “If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”
    Jefferson also believed that “banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
    Daniel Webster warned, “Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than that which deludes them with paper money.”
    Webster also said, “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no, Sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors, and a ruined people.”
    Our first and greatest President George Washington said, “Paper money has had the effect in your State [Rhode Island] that it ever will have, to ruin commerce–oppress the honest, and open the door to every species of fraud and injustice.”

    If George W. Bush, John McCain, or Barack Obama had any honesty and integrity, they would approach the current banking malady in much the same way that President Andrew Jackson did. In discussing the Bank Renewal bill with a delegation of bankers in 1832, Jackson said, “Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”
    What President Andrew Jackson said to the bankers in 1832 is exactly what an American President should say to these criminal international bankers today. But what George Bush, John McCain, and Barack Obama want to do is provide amnesty for the international bankers, just as they want to provide amnesty for illegal aliens. I say, No amnesty for Wall Street, and no amnesty for illegal aliens, either. Instead of sending these banksters on extended vacations to the Bahamas with millions of taxpayer dollars in their pockets, we should be sending them straight to jail!

    The only way to fix this economic mess that the international bankers have created is to return America to sound money principles, as prescribed in the U.S. Constitution. This means dismantling the Federal Reserve and the Internal Revenue Service, overturning the 16th Amendment and the personal income tax, and returning the American monetary system to hard assets: gold and silver. Anything short of this will only delay and worsen the inevitable collapse that has already begun.

    Comment by Greg — July 27, 2011 @ 9:54 am

  3. Tom did you see this one?

    Drop in Durables

    The odds of a second dip in the economy just moved up a north this morning with a report on Durable Goods Orders from the Census Bureau:
    New Orders http://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf

    New orders for manufactured durable goods in June decreased $4.0 billion or 2.1 percent to $192.0 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 1.9 percent May increase.

    Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.8 percent. Transportation equipment, also down two of the last three months, had the largest decrease, $4.2 billion or 8.5 percent to $45.4 billion. This was due to nondefense aircraft and parts which decreased $2.8 billion.

    Shipments of manufactured durable goods in June, up six of the last seven months, increased $1.0 billion or 0.5 percent to $196.0 billion. This followed a 0.5 percent May increase. Machinery, up four of the last five months, had the largest increase, $0.7 billion or 2.6 percent to $29.1 billion.

    Unfilled Orders
    Unfilled orders for manufactured durable goods in June, up fourteen of the last fifteen months, increased $2.1 billion or 0.2 percent to $862.7 billion. This followed a 0.9 percent May increase. Machinery, up seventeen consecutive months, had the largest increase, $2.1 billion or 2.0 percent to $111.2 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 3.4 percent May increase.

    Inventories of manufactured durable goods in June, up eighteen consecutive months, increased $1.6 billion or 0.4 percent to $357.2 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1.2 percent May increase. Transportation equipment, also up eighteen consecutive months, had the largest increase, $1.2 billion or 1.1 percent to $109.1 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 1.7 percent May increase.
    The interesting part of this morning is that it reveals – in stark detail that without wars going on, the economy would likely be contracting as a very must faster rate: Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.8 percent.

    Thus, if you’re trying to dial in how much economic impact The Wars are having, take the increased number of people in uniform and related (maybe 0.75-1.2% of population) and then toss in the consumables that go with wars – which as this morning’s report shows military spending accounts for 1.7% of durable goods and you have a case for The Wars artificially reducing unemployment by somewhere around 3 percent.

    Or, to keep things on a positive note, it’s possible the wars are keeping the unemployment rate at 9.2% instead of 12.2 percent, or somewhere in there.

    Now, don’t you feel good about that?
    Why, just one or two more wars, and a false flag attack (or several) and we could be down to 8% unemployment…

    S&P London holds the key to whether the US debt quality is lowered.


    Comment by Greg — July 27, 2011 @ 10:14 am

  4. Tom did you read this one? Forget Anonymous: Evidence Suggests

    Ohio GOP Hacked, Stole 2004 Election


    Comment by Greg — July 27, 2011 @ 10:22 am

  5. Read it. Nonsense. Individual county election boards would know if this happened, and would have squawked at the time. It didn’t happen.

    Comment by TBlumer — July 27, 2011 @ 10:43 am

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