Tuesday, March 15, 2005

Hannity's Social Security at New Ruskin College

www.NewRuskinCollege.com

Lecture Notes: 02-18-05

“They will probably end up means testing it . . . and wind up punishing success like they normally do.” ---- Sean Hannity, 02-17-05

I really do not want to respond to you anymore. I have other things to deal with now.

When Ganesh D'Sousa, on the NewsHour last night, repeatedly referred to Social Security as a “savings” program I resisted. And unlike Franken one can not excuse D'Sousa on account of ignorance.

For example, he stated that the system was incurring “liabilities” because the people being paid had not contributed enough to cover their withdrawals. This is a series of lies. It is a “pay as you go system.” If the take from the paychecks of the people covers the payouts the system continues. There is no accumulated liability because the people receiving the money did not “contribute” an equal amount. These are all lies.

The only way to “save” is to invest in things that are valued by the consumers. Or did you think that there is a pot of gold in your bank where the money is kept? If you want to “save” you must invest in some business scheme. Philosophically we would say you must participate in life.

The miser who saves his money in his mattress is fundamentally confused. The money in the mattress only has value because it is valued by others. They, their subjective valuation is what gives his savings value. Life is with the people. Cast your bread upon the waters.

Gold does not have intrinsic value. Gold is not “objectively” valuable. The value does not rest in the thing itself, but in the perceived value found among the people in the market. There is no such thing as capital there are only capital goods. (LvM)

If you want to save you must go out among the people. But this is just what Dr. Greenspan and many others did not want Social Security to do. Government ownership would lower the efficiency of capital because everyone’s capital is no ones capital, or so they feared all these years.

So we have been told a series of lies. Lies about “lock boxes” and “savings,” all those lies. My God I am so tired of all your lies . . .

First rule for politicians: First, stop telling lies.

But Hannity’s “punishing success” demands a response. (Who will respond after I am gone?)

Hannity and the rich are stealing from the workers. Not enough that for the whole of their careers they have raised their prices, passing on their own taxes, and every other of their costs onto the consumers, (those who are unable to raise their prices in response), but at the end of life, they demand the right to reach directly into the payroll of the people and steal from the people, the whole of their long retirement. If they are not allowed to steal this one last time they claim they are being “punished.” Success.

Yesterday Rush Limbaugh was complaining about market pricing of roads. Of course he does not care one way or the other. The current road tax falls evenly on people in Bakersfield as on people in San Francisco. Mr. Limbaugh thinks that is fine. That Bakersfield’s roads cost a fraction of San Francisco’s is a matter of no concern to the king of talk radio. He has never walked the streets of Bakersfield. I have.

What is outrageous is that Limbaugh claims to be in favor of markets. Free enterprise. That he carelessly exposes himself in his opposition to market pricing of roads as an ignoramus makes no difference to him or his audience. He will at times bloviate this way against markets, and then claim he is in favor of lower taxes to advance free markets, stringing words together, in this confused self interested way until the next commercial break. Then off to the golf course. I just can not take your lies anymore . . .

Dr. Astaneh-Asl was on Barbara Simpson’s KSFO radio program explaining how to turn the proposed Oakland Bay Bridge design into a true suspension bridge.

I was thinking that since the original design, which was a self anchored bridge, and very unstable, was falsely presented to the public as a “suspension” bridge, (the stay cables were arranged in a decorative pattern that looked like, but only “suggested” a real suspension bridge), now if this design is changed into a real suspension bridge the public will never know.

They will never know the incompetence that tied up the project for years, never know that they were nearly sold a multi billion dollar bridge that could not withstand a large earthquake or even a small car bomb. Never know that that self anchored design had not been submitted to Lawrence Livermore for structural analysis.

The public will see the new bridge with Dr. Astaneh-Asl’s design, drive across it safely, and never know.

Dr. Astaneh-Asl during the interview explained that the reason he involved himself in the controversy was because he is an immigrant. He felt obligated to give back to America.

I have been thinking about that. (He has been repeatedly attacked by the corrupt Cal Trans and other corrupt politicians.) Then I realized that there must be thousands of civil engineers, well, at least hundreds, who could have seen the folly of building the world’s largest single tower self anchored bridge, in one of the most active earthquake zones.

Many must have known that using the decorative faux “suspension” stay cable arrangement would make the foolish design even more idiotic. To build the bridge with that arrangement of cables a temporary bridge must first be built to hold the unbalanced road deck, then carefully removed so as not to upset the teetering bridge balanced as it is on its single tower. Insanity.

Why had only Dr. Astaneh-Asl been the only one to speak out?

Cowards.

They didn’t want to get involved.

If he had not felt an immigrant’s loyalty to us we would have been victimized, (yet once again), by these corrupt politicians.

But think about all those who knew and said nothing.

Editor’s Note:
Hannity’s criticism of President Bush’s suggestion that the cap on Social Security taxes could be raised is only the second time Hannity has been critical.
The first time Hannity was critical was when Mr. Bush said that he may have been too aggressive in a few of his statements leading up to war. At that Hannity thought the President was wrong ---- to say he might have been too aggressive.

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