The Economic Mess

Is the Obama administration looking to screw people over (again) by attacking programs like Social Security?

I have said I didn't exactly trust him, so any talk about cutting SS, had better not leave the talking stage; in fact, it shouldn't even be in the thinking stage.

A snip:

That such comments portend an unprecedented attack on Social Security, the bedrock federal program for retirees dating from the Great Depression, was underscored by two articles posted Sunday on the Washington Post web site. One, entitled “Don’t Expect Retirement Help,” declared, “Uncle Sam won’t be of much help” to the millions whose retirement savings have been decimated, “with Social Security likely to face cuts in benefits.” The other was ominously headlined “A Flimsy Trust: Why Social Security Needs Some Major Repairs.”

It should be noted that these individuals—Obama, Geithner, Summers and Greenspan as well as the talk show moderators—are all multi-millionaires. The "hard choices" they speak of will not impact their lives in the least.

Beginning with Obama, they all exhibit a combination of callousness and ruthlessness that bespeaks not only themselves, but the ruling class whose interests they defend. Their touting of an economic “recovery” for the wealthy at the expense of the broad mass of the population must be taken as a warning.

All of the policies of the Obama administration have been focused on protecting the interests of a financial aristocracy that exercises a de facto dictatorship over the social and political life of the country. Now, the crisis which the bankers precipitated is being used to effect a permanent reduction in the living standards and social position of working people.

There will be no return to the already depressed wage levels and paltry social benefits that existed prior to the crash of 2008. Instead, a further redistribution of wealth from the bottom to the top will be carried out through the destruction of all that remains of past social gains and an immense intensification in the exploitation of the working class.

If that happens, expect massive social unrest, even in the apathetic United States.