(Reuters/Eric Thayer)

Elizabeth Warren to her Third Way critics: "Oh, please"

The Massachusetts senator shoots back at the Wall Street-aligned Think Tank


Elias Isquith
December 6, 2013 4:55AM (UTC)

After two of its top members penned an execrable and dishonest Op-Ed in the Wall Street Journal slamming Elizabeth Warren, the Wall Street-friendly think tank Third Way has been subject to a veritable wave of activism from the liberal grassroots.

And now, in an interview with the Huffington Post, Warren herself is firing back.

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"It's just flatly wrong," Warren said of Third Way argument to cut Social Security. "We could make modest adjustments and make the system financially stable for a century, and we could make somewhat larger adjustments and make the system pay more for seniors who rely on it."

"The Social Security system is not adding to the debt at all," she added. "More importantly, if we made no changes at all, Social Security would pay out at its current level for about 20 years, at which point it would drop by about 25 percent and pay out forever into the future."

"It's part of the larger issue about a rigged playing field. [The banks] don't wanna pay more, they don't wanna pay a fair share. I believe everybody should pay a fair share," she said. "That's how we make sure people can retire with dignity. That's not what Wall Street wants to do."

When asked about Third Way's response that Warren's plan would result in millionaires and billionaires getting more from Social Security (because the senator doesn't support means testing the program), Warren's response was a dismissive joke.

"Oh, please. I'm out there working for Jamie Dimon the same way Dick Cheney is out there trying to save the environment."


Elias Isquith

Elias Isquith is a former Salon staff writer.

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Related Topics ------------------------------------------

Elizabeth Warren Inequality Social Security The Huffington Post Third Way Wall Street

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