This is timely, because I also believe this blog bears close attention from Abby Huntsman and other Millennials, given the cabal that devised the plan factors them in as pawns to be manipulated. Normally, I’d not recommend specific books on Social Security to Millennials, aka the Generation Y cohort, but in this case I believe their attention and reading will enable them to escape ongoing exploitation by the Neoliberal-Libertarin 'Axis of Economic Evil' out to use them for its own purposes.
“The following year, a privatization blueprint written by two analysts at the Heritage Foundation (Stuart Butler and Peter Germanis) surfaced in the libertarian CATO Institute’s CATO Journal. Mischievously entitled, Achieving A Leninist Strategy. – the article observed that while Social Security was certain to collapse someday under its own fiscal burdens, it was worth examining the Bolshevik leader’s precept that even a preordained revolution often needs to be jump-started by an elite vanguard.”
These CATO vermin understood the key to enabling more open attacks on Social Security would be to undermine its reliability. People had to be made to believe, little by little, that the program could not deliver what it promised over the long term. So long as the reliability remained unchallenged, any politician that sought to change it, by reducing its benefits, would be served up ready roasted on the 3rd rail.
The CATO pests also realized they needed to employ a “divide and conquer” template to try and set younger generations-workers against the older. Betting on the ignorance or lack of attention of the young to the issue, they wagered they could eventually parlay their concept into a full-fledged triumph. Some excerpts from their tract:
"We (must)…construct … a coalition that will … reap benefits from the IRA-based private system … but also the banks, insurance companies, and other institutions that will gain from providing such plans to the public.”
“The first element consists of a campaign to achieve small legislative changes that embellish the present IRA system, making it in practice a small-scale private Social Security system.
“The second main element … involves what one might crudely call guerrilla warfare against both the current Social Security system and the coalition that supports it.”
“The banking industry and other business groups that can benefit from expanded IRAs …… the strategy must be to propose moving to a private Social Security system in such a way as to … neutralize … the coalition that supports the existing system.”
Hence, according to Hiltzik:
“The key to securing reform, they said, was to ‘cast doubt on the picture of reality’ promoted by Social Security’s supporters. This required ‘guerilla warfare against both the Social Security system, and the coalition that supports it’”
Additionally critical was to breed skepticism in the young that they’d receive a thin dime from the program, hence might be more disposed toward privatized solutions or outright cuts. Naturally, the themes of “permanent fiscal crisis” together with “Ponzi scheme” were soon adopted, especially after payroll taxes were increased in 1983 to accommodate the coming Boomer onslaught. (One reason why the other bollocks that “there aren’t enough workers” doesn’t hold water.)
In a more recent piece Hiltzik wrote last year for the LA Times (Attacks on Social Security, Medicare borrow a strategy from Lenin) he noted: "The answer, (Butler and Germanis) concluded, was to “neutralize” elderly voters while continuing to undermine confidence in Social Security among the young. Their model was the Leninist movement’s “success in isolating and weakening its opponents.”
Any plan to change Social Security, they wrote, “must therefore be neutral or (better still) clearly advantageous to senior citizens … the most powerful element of the coalition that opposes structural reform.”
This then is where the younger generations must enter. Then, hopefully, by educating themselves (say starting with Hiltzik’s book) they won’t fall into the mind trap that Abby Huntsman did on the Bill Maher show. They will, instead, recognize an insidious, cynical con when they see one and not take the bait.
The young, by contrast, were "not organized to support privatization", and "uninformed about its virtues.”
Hiltzik observes these libertarians intended to “fill the knowledge gap” by making use of the financial industry, i.e. to impart faux beliefs to the young.