Who Likes Phase-Out? Not the Affluent…

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Wow, a new poll reveals that 48 percent of all “business owners” and 49 percent of all “affluent consumers” don’t think Social Security phase-out is a good idea. Maybe they realize that financial collapse because of trillions of dollars of new debt really isn’t such a good thing after all.

Speaking of which, the Center on Budget and Policy Priorities has a new analysis of the radical Sununu-Ryan plan for privatization, now being touted by House conservatives who have given up any pretense that “reforming” Social Security is all about fiscal sanity and averting future actuarial imbalances.

The thing to see here is that the Sununu-Ryan plan would require transfers from the general budget of $79 trillion over the next 75 years. In other words, all you need to do is wave a magic wand and pour in trillions of dollars, and you can create a really cool social program! Well, no kidding. Look, if you think Social Security is currently on an “unsustainable course” all because we may need to raise either income or payroll taxes slightly over the next 75 years to continue paying out the full benefits promised by the program, that’s one thing. But please note, if the ground rules dictate that we’re allowed to transfer $79 trillion over the next 75 years from the general budget to Social Security, then we can pretty much solve any of our current problems three times over. How long before the press realizes that all this carping about “insolvency” by Republicans is really just a red herring?

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

And we hope you might consider pitching in before moving on to whatever it is you're about to do next. It's going to be a nail-biter, and we really need to see donations from this specific ask coming in strong if we're going to get there.

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