SOCIAL SECURITY - US

rutsuyasun · Tue Jul 20, 2010 9:03 am

Obama's Deficit Commission Will Attack Social Security Benefits
By Grant Lawrence
Bodhi Thunder

President Obama has put together this commission that is going to take a look at the federal deficit and then make recommendations.

One of the things this commission will be looking to do is to attack America's Social Security program as too expensive. President Obama has already stacked the commission with leadership that has come out against present social security benefits.

But is the social security system in trouble?

According to economist Dean Baker in an interview on Democracy Now, the supposed social security crisis is fictional.

Quote:

"....Just to be very clear, absolutely nothing needs to be done. If we look at the projections from either the Congressional Budget Office or the Social Security trustees—they’ve yet to come out with their new ones, but in any case, the one from last year—the program could pay all scheduled benefits well into the future, at least twenty-seven years into the future. And even after that, it could still pay the vast majority of benefits, assuming nothing is ever done. Now, somewhere down the road, we’ll probably make changes in the program as we’ve done in the past. But the idea that somehow something has to be done anywhere soon, this is crazy....."

(source: democracy now)

Still this commission, put together by Obama, will come out and say that Social Security Benefits need to be cut. They will make recommendations for the raising of the age at which benefits can be accessed.

How do I know this?

Well at the recent G-8/G-20 meeting it was decided that the industrialized world was going to cut social programs to pay for the Bail Out of the rich. They also decided that the elite financial class was to escape any penalty for bringing about the disaster. Instead the working and non-working people around the world were going to have to pay, according to the political puppets in Toronto.

Already this attack on social programs is occurring right now in Britain and other European countries.

(See Also

G-8/G-20 Summit Decides You Will Continue to Pay for Bad Bankster Bets - http://grantlawrence.blogspot.com/2010/ ... -will.html )

So Obama, like the Presidents before him, create smokescreen commissions to pretend that they are somehow looking at real alternatives to problems. In the end, it is nothing but a sick joke and in the case of social security it is being played on the sick and the aged.

Dean Baker offers his insight on the Obama commission.

Quote:

"....Well, a commission is very, very worrisome. It’s chaired, you know President Obama picked Alan Simpson, former senator from Wyoming, who’s made a career out of beating up on old people—he thinks it’s cute. I don’t know if he’s delusional or what, but he talks about how old people drive into their gated communities in their Lexuses. Maybe his friends do. We have the data. Very few others do. And then the Democratic co-chair was Erskine Bowles, who’s getting—he’s a Wall Street guy. He gets over $300,000 a year as a director of Morgan Stanley, a firm that should be famous to everyone, because it would be out of business without the taxpayers’ support. And he, right off the bat, said, "Well, we’re going to have to cut Social Security." So, President Obama’s two lead appointees, his co-chairs, are both on record saying they want to cut Social Security. This should have people very, very worried. That isn’t a balanced commission...."

(source)

But the commission was not meant to be balanced and the conclusions are already known.

President Obama has emerged as an even worse nightmare than George W. Bush. At least Bush could no longer fool the American people. Obama still has his progressive and liberal supporters as he implements the same corporatist, neocon Bush agenda. But that support is drying up and for good reason.

by Grant Lawrence at 5:08 PM

http://grantlawrence.blogspot.com/2010/ ... ttack.html

SOCIAL SECURITY - US

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