Another entitlement for seniors

WASHINGTON — Three years before Rep. Wilbur Mills, the Arkansas Democrat who then chaired the Ways and Means Committee, had his fling with a stripper named Fanne Foxe, aka “The Argentine Firecracker,” he decided to seek the Democrats’ 1972 presidential nomination. So in an almost admirably straightforward attempt to buy the votes of the elderly, he successfully championed an automatic COLA — cost of living adjustment — for Social Security.

His campaign fizzled but his achievement endures, and his place in liberalism’s pantheon is secure. His COLA, which began in 1975, is the entitlement that proves that the entitlement system, like the universe, will expand until, perhaps like the universe, it collapses in on itself.

Barack Obama has now established Mills’ Social Security COLA as the capstone to the architecture of the entitlement culture that is modern liberalism’s crowning achievement: It is an entitlement to which you are entitled even when you are not entitled to it. Obama says 57 million Americans — every Social Security beneficiary and some other recipients of federal entitlements — are entitled to $250 apiece to assuage the disappointment of having not been injured by inflation. Because the cost of living declined 4 percent last year, the 57 million are not entitled to the actual COLA, but they evidently are going to be declared entitled to monetary consolation for the misfortune of not experiencing misfortune.

This is the second continent-wide shower of $250 checks. The first came from the $787 billion stimulus package enacted in February. There will not be another such shower, until the next one.

In January, retirees received a 5.8 percent COLA, the largest since 1982, primarily because of a surge in energy prices, which since then have declined. Furthermore, after lifetimes of accumulation, Americans over 60 have the highest net worth of any age cohort. So why the special solicitude for them during an economic downturn that has afflicted almost everyone?

Obama says “we must act on behalf of those hardest hit by this recession.” But are they the hardest hit? How does he know? By what measure? Is it possible that, say, the millions who have lost jobs have been hit harder than retirees?

Andrew Biggs of the American Enterprise Institute notes that a “lost” COLA can mean a significant increase in the value of retirees’ entitlements. Because falling prices increase the purchasing power of stable benefits, and because many Medicare premium increases are limited in years in which no COLA is paid, the typical retiree’s purchasing power will be almost $725 higher next year.

More than 40 percent of the voters in 2008 were at least 50 years old. Perhaps Obama can do better than Mills did at purchasing the affections of the elderly. He needs to because they are especially unenthralled about his plans for their health care.

But about one thing, they should relax. A president who cannot resist dispensing a semi-COLA after the cost of living declines will not really fund a substantial portion of the new health care entitlement by cutting more than $400 billion from Medicare. And speaking of the unbelievable:

Maine Sen. Olympia Snowe is being beatified as the incarnation of bipartisanship because, of the 217 Republican senators and members of Congress, only she cast a vote for a Democratic health care addition to the nation’s Ponzi entitlement structure. Yet in 2005 she opposed a Republican plan for shaving just $10 billion from government health care entitlements over 10 years. If, as seems probable, she would have opposed the health care bill she just voted for if Republicans had proposed it, does that devalue her version of bipartisanship?

Perhaps the 57 million $250 handouts should be seen as a down payment on a stealthy Stimulus III, which Democrats do not have the audacity to advocate candidly. In any case, Obama, whose inaugural address was a summons to “responsibility,” does not even feign an intention to pay for them with offsetting economies. The money will be borrowed, much of it from abroad, much of that portion from China. Fortunately, foreigners have unlimited appetites for lending to America. Don’t they?

George Will is a Washington Post columnist. His e-mail address is georgewill@washpost.com.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Opinion

2024 Presidential Election Day Symbolic Elements.
Editorial: Elect Hem, Rhyne, Burbano to Everett council seats

The Aug. 5 primary will determine the top two candidates for Council Districts 1, 2 and 4.

toon
Editorial cartoons for Thursday, July 17

A sketchy look at the news of the day.… Continue reading

Stores offer savings to those who spend enough

Here are some hoops you have to jump through to get the… Continue reading

White House must provide clarity on Epstein controversy

Am I the only one who finds it odd that a group… Continue reading

Comment: Texas paying the price for handouts to oil, gas industry

The tax money it gives the fossil fuel industry might be better spent on readying Texans for climate change.

Comment: There’s no vaccine that assures concern for community

As vaccination rates drop we’re losing the ‘herd immunity’ that protects those who can’t receive vaccines.

Comment: Epstein matter places MAGA, Democrats on common ground

MAGA wants release of the files. Democrats are happy to exploit the division between Trump and his base.

Traffic moves northbound in a new HOV lane on I-5 between Everett and Marysville on Monday, Aug. 19, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
Editorial: Check state’s transportation road map from now to 2050

A state commission’s Vision 2050 plan looks to guide transportation planning across the state.

July 14, 2025: New FAA Chief
Editorial cartoons for Wednesday, July 16

A sketchy look at the news of the day.… Continue reading

Burke: Here’s a scary thought: What if Trump dies in office?

Imagine the power struggles and chaos just within the administration that would be unleashed.

Find better programs to end addiction than job training for dealers

Todd Welch’s columns are generally a source of mirth and amusement with… Continue reading

Why isn’t county’s fireworks ban being enforced?

So many of those living around us in the Meadowdale Park area… Continue reading

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.