Rein in entitlements? No. Increase them, says James Galbraith.


	Rein in entitlements? No. Increase them, says James Galbraith.

RayWatkins

10-8-2009 11:28 AM

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RayWatkins says:

COMMENTARY | October 08, 2009

It's time the press stopped falling for false, ongoing efforts to portray Social Security and Medicare as going broke, says economist James Galbraith. To the contrary, increases in entitlement program benefits would provide a major boost to economic recovery. For reporters and editors Galbraith's message is: Separate propaganda from facts.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b20a4885-bd04-4a7b-bc5a-7e321cf0f3bc/0A13EC46-F1B3-46C1-992C-54F1796B61B5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00397" href="http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00397" style="font-size: 11px;">www.niemanwatchdog.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00397"><P>Although the mainstream press, with rare exceptions, routinely portrays the Social Security system as fiscally troubled and facing deficits that could bring down the economy in coming decades, prominent economist James K. Galbraith is unequivocal: The Wall Street insiders and news media promulgating that view are flat-out wrong.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00397"><P>Galbraith, the author of seven books, holds the Lloyd M. Bentsen Jr. chair in government/business relations and is a professor of government at the University of Texas, Austin.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.niemanwatchdog.org/index.cfm?fuseaction=background.view&backgroundid=00397"><P>“Let me make this clear,” Galbraith said in an interview with Nieman Watchdog. “Social Security is untroubled. It is sustainable.” In fact, contrary to the prevailing inside-the-Beltway wisdom that “entitlement programs” need to be reined in, Galbraith believes Social Security -- and Medicare -- benefits should be increased.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0A13EC46-F1B3-46C1-992C-54F1796B61B5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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