Friday, August 20, 2010

Effort to Gut Social Security Incites Minority Beneficiaries

Is divide and conquer the last tactic remaining for Wall Street's capital starved gamblers?

That which is done is what will be done,
And there is nothing new under the sun.

Ecclesiastes

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Only a naive sucker would enter a debate discussing whether Social Security benefits paid to wealthy Americans ought be cut. It's a trick, and a dirty one at that, probably meant to leave those who need Social Security feeling relieved there will be a great effort to protect the crumbs they receive.




As long as the matter of the destruction of the nation's wealth-creating, physical economic capacity remains taboo, there is no point squabbling over the future of Social Security. The U.S. Treasury likely will default on its debt long before the Social Security program is at imminent risk of becoming insolvent.

—Tom Chechatka

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