10 Reasons Why Conservatives' Fiscal Ideas Are Dangerous

By Sara Robinson, Campaign for America's Future. Posted February 27, 2009.

The first step to restoring affordability is to kick the profiteers out of the system. (According to the most conservative estimates, this one step would drop the national health care bill by at least $200 billion a year.) The second is to put it in the hands of administrators whose first concern is providing high-quality care instead of big bottom lines; and who are accountable to the voters if they fail to perform. Our experience with Medicare and the VA -- which, between them, currently provide care to over 70 million Americans, or about 22% of the country -- proves that we are perfectly capable of providing first-class, affordable care through the government.

If Costa Rica and Canada can manage this, why can't we?

9. But this Peterson guy's a billionaire Wall Streeter. Obviously, he knows something about finance...

Let's punt this one to William Greider:

Peterson, who made his fortune on Wall Street, never raised a word about the dangers of hyper leveraged finance houses gambling other people's money. He never expressed qualms about the leveraged buyout artists who were using debt finance to rip apart companies. He didn't fund an all out effort to stop Bush from raiding the Social Security surplus to pay for tax cuts for the rich.

But now he wants folks headed into retirement who have already prepaid a surplus of $2.5 trillion to cover their Social Security retirements to take a cut and to work a few years longer to cover the money squandered on bailing out banks, wars of choice abroad, and tax cuts for the few.

Basically, we're only having this conversation in the first place because a conservative ideologue was willing to pony up $1 billion of his own money to fund a "foundation" devoted to killing Social Security. Given that most politicians -- both Democrat and Republican -- are extremely unwilling to touch the notorious "third rail of politics," it's pretty clear that next Monday's "fiscal responsibility summit" wouldn't even be happening if Peterson wasn't bankrolling the Beltway buzz on this terrible idea.

10. OK -- if killing Social Security isn't the answer, just how do you propose to get us out of this?

The idea of a White House summit on fiscal responsibility is a good one -- but only if it focuses on real solutions to our real problems.

Cutting health care costs by getting all Americans into a rationally-managed system that puts delivering excellent care above delivering shareholder profits has to be a central part of any long-term economic health strategy. We're also about 15 years overdue for a complete overhaul of our military budget, too much of which is still focused on fighting the Soviet Union instead of responding to the actual challenges we're currently facing. Finally, it's time to ask the wealthy -- who've profited more than anyone from the past 15 years, and yet haven't paid anywhere near their fair share -- to step in a pay up for the system that enabled them to build that pile in the first place.

There's plenty we can be doing to actually reduce the national debt, and really stimulate the economy for both the short run and the long haul, without ending Social Security and sending hundreds of millions of Americans into sudden panic over their retirement. True "fiscal responsibility" can never be achieved by breaking promises.

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Sara Robinson is a Fellow at the Campaign for America's Future, and a consulting partner with the Cognitive Policy Works in Seattle. One of the few trained social futurists in North America, she has blogged on authoritarian and extremist movements at Orcinus since 2006, and is a founding member of Group News Blog.

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