It's the 1 percent that pay for elections, not the 25 million workers suffering from Congressional greed and incompetence

the ability of our super-rich elites to use their bought and paid for elected puppets and media shills to manipulate us and pit us against each other knows no bounds...

dean baker...

It is truly impressive how the Washington elite have managed to make these modest protections for the country's working population (the 99 percent) into the greatest problem facing the country. The obsession with cutting these programs is occurring at a time when we have more than 25 million people unemployed, underemployed or who have given up looking for work altogether. One might think that Congress would convene a supercommittee to get people back to work rather than figuring out a way to undermine programs that people need, but it's the 1 percent that pay for elections, not the 25 million workers suffering from their greed and incompetence.

Since almost no one can be immune to the hysteria that the media have created around the cost of these programs, it is worth putting it in some context. Starting with Social Security, the latest projections from the Congressional Budget Office show that the program can pay all benefits through the year 2038 with no changes whatsoever.

Even if we never did anything, the program would be able to pay more than 80 percent of scheduled benefits well into the next century. Since the value of benefits is projected to rise through time, 80 percent of the projected benefit in 2040 is considerably higher than the average benefit received by retirees today. Therefore, the often repeated comment that there will be nothing there for our children or grandchildren is a telltale sign of ignorance or dishonesty.

[...]

The public should realize that "generational warfare" is an agenda that was deliberately designed by the 1 percent to distract the rest of us from the class war that they have been successfully waging over the last three decades. Rather than have a public debate on the policies that have redistributed so much income upward, the 1 percent want to pit children against their parents and grandparents, forcing them to fight over crumbs.

it's truly astounding to me that, given the state the world is in and the many issues of real substance we have facing us as a human race, that the appointed stooges of our elites can, in what only amounts to unbelievable arrogance and deliberate denial, sit in washington and deliberate how best to destroy the precious little bit that remains of our social contract...

Submit To Propeller
Tweet