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Sunday, July 10, 2011

Michael Hudson: Debt Ceiling Charade a Move to the Right + Sanders: Hands Off Social Security

Posted on July 8, 2011 by dandelionsalad
tax_the_rich
Image by sandy_sanders via Flickr
Jul 8, 2011 by 
Michael Hudson: Panic about debt ceiling used to attack social programs; no real need for more borrowing
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 on Jul 7, 2011
As Social Security emerged as a target in White House budget negotiations, Sen. Bernie Sanders insisted that the retirement program must not be cut as part of any deficit reduction deal. “Let us be clear,” Sanders said. “Social Security has not contributed one nickel to our deficit or our national debt.” The program that benefits more than 50 million seniors and disabled has a $2.6 trillion surplus, he stressed, and will be able to provide full benefits for every eligible American for the next 25 years. “I am especially disturbed that President Obama is considering cuts in Social Security after he campaigned against cuts in 2008,” Sanders added.
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 on Jul 7, 2011
July 07, 2011 CURRENT TV Keith Olbermann
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Updated
 on Jul 8, 2011
see

Posted by USuncutMN at 2:57 AM

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