Friday, December 17, 2004


Social Security Scam Part II

Howie Kurtz, (the Washington Post media critic that everyone hates, but must read), whines that the media has and will do a poor job of reporting on Social Security privatization (destruction) because its hard:

Kinsley has fashioned one of his liberal, economically precise, smarty-pants arguments about how Bush's Social Security plan is destined to flop. He invites all comers -- that is, anyone with a modem -- to take him on. (Of course, some of them were coming whether he wanted it or not). This to me is the essence of what's good about the Web -- a wide-ranging, no-holds-barred debate in which you don't need to work for a big media corporation as a ticket for admission.
But perhaps there's a challenge here as well for the mainstream media, which find it so much easier to go wild over Amber Frey or Bernie Kerik's mistresses or "Desperate Housewives" or Ron Artest punching out fans (that is, when they're not filled with holiday advice about the latest cell phones, digital cameras and other gadgetry that you absolutely must have).
I don't want to slight the economics writers who have done a fine job of unraveling the threads of the Social Security arguments and whether private accounts can be created without huge costs or benefit cuts. But this is dense, complicated stuff based on all kinds of economic assumptions, and I wonder whether the media, particularly television, can muster the patience to cover it in more than a superficial sound-bite way. In other words, having a liberal and conservative come on talk shows and argue that the other side wants to bankrupt the system and leave seniors out in the cold is not what we need right now.

I thought that's why we buy newspapers like the Washington Post--to make sense out of difficult economic/political policies. I thought that's why their reporters get the big bucks to "splain things" to Lucy and morons like me. But I guess we have to rely on the blogosphere...

good blog
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