The National Debt and Our Children: How Dumb Does Washington Think We Are?
While much of the country is focused on the presidential race, the Wall Street gang is waging a different battle: they are preparing an assault on Social Security and Medicare. This attack is not exactly secret. There have been a number of pieces on this corporate-backed campaign in the media over the last few months, but the drive is nonetheless taking place behind closed doors.
The corporate honchos are not expecting to convince the public that we should support cuts to Social Security and Medicare. They know this is a hopeless task. Huge majorities of people across the political spectrum strongly support these programs.
Instead, they hope that they can use their power of persuasion, coupled with the power of campaign contributions and the power of high-paying jobs for defeated members of Congress, to get Congress to approve large cuts in Social Security, Medicare, Medicaid and other key programs. This is the plan for a grand bargain that the corporate chieftains hope can be struck in the lame-duck Congress.