We are constantly hearing that it is too expensive to keep Social Security as a government pension for the public. Well well well... we seem to be able to have billions of dollars to shore up WallStreet.... what about shoring up the retirement of Main Street.
Here a little snippet from Democracy Now with Amy Goodman and Michael Husdon.
MICHAEL HUDSON: That [inaudible] bailout. They’ve already spent $5 trillion in the last two weeks to double the size of the national debt by taking over Fannie Mae. How can they bail out the gamblers, how can they bail out Wall Street and not—and claim that the Social Security system doesn’t really exist? They’ve used the Social Security money basically for the bailout. There it goes. They’ve made a choice. The choice is to bail out Wall Street against the people.
The Treasury is supposed to represent the government and the economy, and the Fed is supposed to be the board of directors of commercial banks, but now Wall Street plays both sides of the game. It not only supplies the heads of the Fed; it supplies the Secretary of the Treasury. And that’s why I said the class war is back in business with a vengeance.
Amazing... utterly amazing.
Regards,
Anne
Democracy Now-US Seizes Control of AIG with $85 Billion Bailout