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Corporate Democrats in DC Already in Freakout Mode That Liz Warren Is a Threat to Their Power

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Source: AlterNet

There's a growing smear campaign underway against progressive ideas that might represent a threat to Hillary Clinton in 2016.


The Washington establishment's war on Senator Elizabeth Warren has officially begun.

On Friday, Jim Kessler, vice president of the centrist Democrat think-tank Third Way, took to the airwaves to defend his organization's recent attack piece on the Senator. That editorial, which was published in the Wall Street Journal last week, blasted Warren for supporting an expansion of Social Security.

Kessler doubled down on Third Way's anti-Warren messaging during his appearance on Sirius XM radio, telling host Ari Rabin-Havt that she is "starting to get out of hand."

Ignore the not-so-hidden sexism in that comment, and consider for a second what's really going on here.

Jim Kessler and the corporate Democrat "moderate" types who support Third Way are absolutely terrified. They're terrified that Elizabeth Warren and her supporters will upend the stranglehold they've had on Democratic politics since the Clinton era.

So now they've joined Republicans in declaring an all-out war on her and everything she stands for.

Warren has said that she won't run for President in 2016, but that doesn't really matter. Because even if she makes good on her promise to fill out her Senate term, Warren's message and her supporters will continue to threaten what the Democratic establishment sees as an easy road to a second Clinton presidency.

So make no mistake about it -- that Wall Street Journal editorial was just the start of a big multi-year smear campaign against progressives who might represent a threat to Hillary Clinton in 2016.

And here's the thing -- those establishment Democrats know that Elizabeth Warren is spot-on when it comes to policy issues.

The idea that Social Security is about to go bankrupt is just completely false. It's currently running a $2.8 trillion surplus, a surplus that's expected to rise even higher by 2020.

But while Social Security is working fine, our retirement system is failing -- almost half of retirees have less than $10,000 in savings.

And as everyone learned back in 2008 when the financial system collapsed, the 401(k)'s that many Americans now rely on to make ends meet when they leave their jobs are risky and unstable.

To make matters worse, it's not like pension plans are any safer either. Just ask any retired Detroit firefighter for proof of that.

Reasons like this, coupled with the reality of the increasing cost of living, are why Senator Warren wants to increase Social Security payments using a formula called CPI-E.

Using CPI-E would only result in about a $56 dollar increase for seniors receiving Social Security checks in 2013, but it's a good start that could be paid for by simply raising the maximum payroll tax so that the wealthy pay as much into the system as everyday people do.

And what's more, just acknowledging that the current system needs to be expanded would be enough to change the debate about Social Security and could get policymakers thinking about new ways to make the program more effective for seniors.

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http://www.thomhartmann.com

Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War (more...)
 

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Elizabeth Warren's biggest contribution to the hea... by manifesto 2000 on Thursday, Dec 12, 2013 at 2:23:30 AM
Agreed... by Sun King on Thursday, Dec 12, 2013 at 1:53:33 PM
Yes, all the corporate congressional whores, along... by COMMONSENSEFOR COMMONGOOD.COM on Thursday, Dec 12, 2013 at 8:26:57 PM
Thanks, fully agree with your proposal.Sen Warren ... by BFalcon on Thursday, Dec 12, 2013 at 8:35:04 PM
As I said in an earlier comment, Wall Street and ... by Hosea McAdoo on Thursday, Dec 12, 2013 at 9:03:50 PM
Curious. What is Hillary's stand on the TPP?. Anyo... by Theodora B Crawford on Friday, Dec 13, 2013 at 1:26:19 PM
We who understand this simple truth must spread th... by Theodora B Crawford on Friday, Dec 13, 2013 at 1:24:45 PM
I definitely agree w/raising the social security i... by Amy Fried, Ph.D. on Saturday, Dec 14, 2013 at 11:27:59 AM
How about a slight drop in tax but no cap?... by Hosea McAdoo on Saturday, Dec 14, 2013 at 1:44:41 PM