Bob Schieffer's Left Wing Diatribe On Imus

Imus In The Morning | 5/4/05

[Route101]

Don't look now Schieffer, but your raging socialism is starting to show.

[CaptainK]

The TV host of the MSM's most unpopular Sunday show and anchor of the MSM's most unpopular evening news show, talks to the DJ with the largest precipitous drop in the latest Arbitron ratings, and both cluelessly tut tut over Bush's poll numbers.

[conservatism_IS_compassion]

Schieffer was certain that President Bush's plan for personal retirement accounts will never be passed, because it will cause a 9 trillion dollar deficit in social security.

A second-order effect of President Bush's plan for personal retirement accounts would in fact cause additional "expense" by allowing the heirs of payroll tax taxpayers to benefit from their parents' investment.

But the "9 trillion" is primarily not a new cost but institution ofproper accounting for an existing obligation. The actual problem posed by past Ponzi scheme financing is that it will cause inflationary pressure on the dollar if when the cash flow of the program turns negative. And raising "social security taxes" is not answer to that conundrum, but merely a business-as-usual extension of the problem. The central problem is in the fact that the Social Security "surplus" of cash flow required to maintain the solvency of Social Securtiy is invested in "safe" government bonds.

Government bonds are perfectly safe, for an individual investor. But as the Retirement Boom hits 67 years after the Baby Boom, the federal treasury will confront the challenge of actually redeeming those bonds without causing an inflationary crisis of confidence in the US dollar. But that will be a tall order, and a burden for which The Greatest Generation's grandchildren are unlikely to remember New Deal politicians (including Nancy Pelosi et al) fondly.

Government bonds as an investment instrument are perfectly safe, but if the Government acts as if they were a free good (as the federal budget presently does WRT the Social Security Trust Fund) the piper will ultimately be paid. The Bush plan is courageously to stop adding to that problem, by diverting the investment into the real economy. Which is nothing more than an admission that in the final analysis it is the real economy which will feed, clothe, and nurse the Retirement Boom. Just as it will be the real economy, and not the Tooth Fairy, which pays the taxes to redeem the government debt which the SSTF represents.

[pizzalady]

Happened to catch the last 5 min. replay of Neil Cavuto's show from last evening. Anyone else? Something about an off-the-record democrat talking about social security. When questioned, the dem said the Bush plan will not pass even though he has included everything the dems want. When asked isn't it broken? Cavuto was told yes it's broken but because social security is a democrat issue not to be touched by republicans, Bush would be blocked. WHY? Because they can.

[sanjacjake]

Imus is an Anus. Jake

[johnny7]

Once you realize that the MSM and the DNC are one, your frustrations will evaporate.

[PISANO]

On the face of Schieffer's statements one can reasonably argue that he is at least a buffoon if not a simpleton. To say that he believes we should have INVADED IRAQ and removed Saddam, BUT that when we found their were NO Nukes to just up and LEAVE, borders on the rantings of a 10 year old with a room temperature IQ.

CBS was in the toilet with Rather, but this guy is a friggin joke!

[penowa]

"A talking scrotum, who refuses to let facts get in the way of his slanderous and uninformed opinions."

..."who refuses" or is it, is unable? Once embalmed, even if it is a self-embalming job, it is no longer possible to consider facts. Imus' "thinking" days are long over; that is, if he ever had any.

[1Old Pro]

Of course Bob is a liberl looney. Otherwise he wouldn't have a news show (that nobody watches) and sit in the anchor chair. Doesn't matter to me, I watch neither.

[Polyxene]

Imus - Bush's fault, now if Clinton were still President...
Rather - Bush's fault...
Schieffer - Bush's fault...
Jennings - Bush's fault...
Couric - Bush's fault...

blah, blah, blah, MSM/lib/socialist talking points -- you get the idea.

[pollyannaish]

Yeesh. Down right scary. I sure hope there are enough people really, really paying attention. Sigh.

[GunnyHartman]

I like Scheiffer and all his liberal buddies in the lame stream media and hollyweird. If these morons keep spewing their venom I predict a rise from 51% of the votes to near 55% by 2008.

(Forty More Years, Forty More Years!).