Thursday, February 19, 2009

moving from casino capitalism to disaster capitalism

here they come again...in 2005 their mantra was to privatize social security....they were going to give us a "real choice" ....as this article and the losses taken at the casino prove, we were right to stand up and loudly shout "keep your picks off our social security"......

now they have a new scheme. they want to have their tax cuts, war without end, greedy corporate profits and continue to charge it all on our credit cards while stiffing us (baby boomers) at a time in our life when many of us will be struggling with the declining years.

hopefully President Obama will not drink the kool aide and go along to get along.

Looting Social Security
By William Greider
This article appeared in the March 2, 2009 edition of The Nation.
February 11, 2009

Is Social Security threatened by entitlement reformers? David M. Walker, president and CEO of the Peter G. Peterson Foundation responds to William Greider's essay here. Read William Greider's answer to Peterson's criticism here.


Governing elites in Washington and Wall Street have devised a fiendishly clever "grand bargain" they want President Obama to embrace in the name of "fiscal responsibility." The government, they argue, having spent billions on bailing out the banks, can recover its costs by looting the Social Security system. They are also targeting Medicare and Medicaid. The pitch sounds preposterous to millions of ordinary working people anxious about their economic security and worried about their retirement years. But an impressive armada is lined up to push the idea--Washington's leading think tanks, the prestige media, tax-exempt foundations, skillful propagandists posing as economic experts and a self-righteous billionaire spending his fortune to save the nation from the elderly.

full article

wake up america

1 comment:

jessica said...

Thanks for the information with us..
nice blog..

___________________
Jessica
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