Monday, July 26, 2010
Neel Cash-N-Carry
You remember him, the guy appointed by the Bushoviks to deliver large pallets of US currency to various favored Wall St banks to keep them from going under because of their own blunders? He's back and he has a new message that will warm the cockles of Wall St's tiny little hearts.
Cutting entitlement spending requires us to think beyond what is in our own immediate self-interest. But it also runs against our sense of fairness: We have, after all, paid for entitlements for earlier generations. Is it now fair to cut my benefits? No, it isn't. But if we don't focus on our collective good, all of us will suffer.Yup, he wants to cut Social Security and Medicare for the good of us all and so he and other malefactors of great wealth won't have to pay too much in taxes. It's your cash he will carry to his master's vault.
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