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For the third time in the last 20 years, establishment voices, with high-profile slots in traditional media, are trying to convince the public to accept cuts to Social Security by endlessly claiming such cuts are necessary without giving coherent evidence to justify the claim. Twice, under President Clinton and the second President Bush, these voices were defeated. But they didn't give up. And now they are in striking distance of their goal: the fact that Republicans have taken over the House, combined with the fact that the President appointed a deficit reduction commission which nearly recommended a cut in Social Security benefits, and might well have done so if Rep. Schakowsky hadn't worked to undermine the co-chairs' plan, means that one can't be complacent; some reports have suggested that the President may indicate support for cuts to Social Security in his State of the Union speech. Of the two principal Washington political actors who will shape the outcome - the Republican leadership and the President's team - one is a determined adversary of the public interest, the other a very uncertain ally. The most successful anti-poverty program in U.S. history is again in grave danger.
Twenty years ago, Social Security was called the "third rail" of U.S. politics. Touch it, you die. But it turned out that was not true. The Establishment greedheads were not, in fact, afraid to try to mess with this wildly popular program. Maybe Wall Street political power is the third rail.
In these two decades, Social Security hasn't been the third rail. Instead, it's been the Grey Goose of folk song legend. The knife couldn't cut him and the fork couldn't stick him. Try as they might, they couldn't kill him. Can the Grey Goose survive the next assault?