Hands off Social Security
OPS_admin | Apr 09, 2009 | Comments 0
Hands off Social Security
Now is no time to touch program in the name of fiscal responsibility.
By Dean Baker
As a result of incredible economic mismanagement and the greed and incompetence of the financial industry, the country is in the worst downturn since the Great Depression. In this collapse we have seen the most massive intergenerational transfer in the history of the world.
Americans have lost more than $15 trillion in housing and stock wealth, with the great bulk of the losses being incurred by people age 45 and older. This is effectively a transfer to younger workers and those yet to enter the labor force, because they will be able to buy into the stock market and buy homes at close to half the price they would have paid just two years ago.
What do our elites, ranging from editorial boards to former Commerce secretary Pete Peterson, plan in response to this situation? At the same time that they are handing trillions of dollars to the bankers who wrecked the economy, they are proposing to cut Social Security in the name of fiscal responsibility.
This plan is even more outrageous because workers have already paid for their Social Security benefits. The Congressional Budget Office projects that Social Security, by drawing down its trust fund, will be able to pay benefits until the year 2049 with no changes whatsoever.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
