Friday, January 18, 2013
The Social Security cut is still lurking
And waiting for the right time to strike. Indeed, as Dean Baker tells us, it has been agreed to by Democrats already. It is not hard to explain why this is a very bad idea. What is difficult is to understand why unless you look at the ones who are pressing so hard for it, the bankers and businessmen who have already taken so much from our economy and want to take so much more.
The bottom line is that President Obama and many leading Democrats are prepared to give seniors a larger hit to their income than they gave to the over $250,000 crowd. And the whole reason it is necessary is that the Wall Street types who wrecked the economy say so. Is everybody happy?And the cat food lobby is right up there pushing for it.
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