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.
This kicked off a response and a reply on Feb 13th:
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.
It won't take too long to read the three articles.
Spend the time. Sit back and digest the issues and the way they are phrased.
Still not sure about who to side with?
Read Ronni Bennett's posting today.