Tuesday, May 4, 2010

The vultures are returning

Just in case anyone believes that Greece will be the end of debt-holding ghoul's attack on the real economy--think again.  The USA is being readied for the big theft.
The Coming Plan to Slash Social Security and Medicare
The Flight of the Deficit Hawks
The deficit hawks are going into high gear with their drive to cut Social Security and Medicare. President Obama’s deficit commission is having a big public event on Tuesday in which many of the country’s most prominent deficit hawks will tout the need to reduce the budget deficit. The next day, Wall Street investment banker Peter Peterson will be hosting a “summit on fiscal responsibility,” which will feature more luminaries touting the need to get deficits under control.
What will be missing from both of these events is any serious debate on the extent of the deficit problem and its causes. These affairs are not about promoting a real exchange of views on issues like the future of Social Security, Medicare, and public support for education, research and infrastructure. The purpose of these events is to tell the public that everyone agrees, we have to cut the deficit. And, this means cutting Social Security and Medicare. This is argument by authority. more

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