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Thu Nov 8, 2012, 04:10 PM

Wall Street Urges Obama to Commit the Great Betrayal

The Safety Net is the Glory of America and the Unending Wall Street Nightmare

Wall Street’s leading “false flag” group, the Third Way, has responded to the warnings that Robert Kuttner, AFL-CIO President Trumka, and I have made that if President Obama is re-elected our immediate task will be to prevent the Great Betrayal – the adoption of self-destructive austerity programs and the opening wedge of the effort to unravel the safety net (including Social Security, Medicare, and Medicaid). Romney favors the same betrayal, but it would be political suicide for a Republican national leader to lead the attack on the nation’s most popular programs. Huge majorities of Americans oppose cuts in the safety nets. A majority of Republicans oppose such cuts and Democrats overwhelmingly oppose the cuts.

The American people love the safety net because they know it is essential to a humane America. They know that it has transformed the nation. Before Social Security, older Americans were frequently reduced to poverty and dangerously inadequate health care that made the remainder of their lives dangerous and miserable. The safety net does not cover only the elderly and the sick. My father, for example, died when I (the eldest of three children) was 19 and a sophomore at the University of Michigan. Even though in-state tuition was inexpensive in those days I would have had to drop out of school. Survivors’ benefits allowed me to obtain a superb education and pay back the nation with service and decades of greater taxes because education increased y income. Food stamps and unemployment insurance frequently provide the temporary support that prevent tragedy and allow Americans to obtain useful education and jobs. The safety net has made America a nation we are proud of and a nation that makes it possible for Americans to recover from hard times and tragedy and to on to lead lives that are vastly more productive and enjoyable.

One of the most important reasons that more Americans support the Democratic Party than the Republican Party is that the Democratic Party is viewed as the Party that created and guards the safety net. The elements of the safety net are the crown jewels of Democratic Party policy successes.

http://truth-out.org/news/item/12622-wall-street-urges-obama-to-commit-the-great-betrayal

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Arrow 10 replies Author Time Post
Reply Wall Street Urges Obama to Commit the Great Betrayal (Original post)
JRLeft Nov 2012 OP
msongs Nov 2012 #1
JRLeft Nov 2012 #2
msongs Nov 2012 #3
JRLeft Nov 2012 #4
limpyhobbler Nov 2012 #7
Fire Walk With Me Nov 2012 #5
limpyhobbler Nov 2012 #6
JRLeft Nov 2012 #8
limpyhobbler Nov 2012 #9
JRLeft Nov 2012 #10

Response to JRLeft (Original post)

Thu Nov 8, 2012, 04:12 PM

1. vote counts show the democrats won. will democrats act like they won? stay tuned nt

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Response to msongs (Reply #1)

Thu Nov 8, 2012, 04:15 PM

2. Call the White House and apply pressure.

Call the President
Phone Numbers

Comments: 202-456-1111

Switchboard: 202-456-1414

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Response to JRLeft (Reply #2)

Thu Nov 8, 2012, 04:20 PM

3. already doing that, anc calling our new buddhist senator as well nt

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Response to msongs (Reply #3)

Thu Nov 8, 2012, 04:35 PM

4. I am too.

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Response to JRLeft (Reply #2)

Fri Nov 9, 2012, 05:56 PM

7. +1

I called today.

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Response to JRLeft (Original post)

Thu Nov 8, 2012, 04:45 PM

5. austerity is the socialization of debt, false debt.

 

Last night the Greek parliament passed a 5 billion Euro austerity bill. Note that some 2,000 government workers were found to be hiding money out-of-country. Citizens surrounded parliament and demanded it step down; riot cops attacked (as always, as everywhere) and were met with stones and Molotov cocktails. The people aren't having it any more.

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Response to JRLeft (Original post)

Thu Nov 8, 2012, 04:48 PM

6. Only Nixon could go to China.

Last edited Fri Nov 9, 2012, 06:12 PM - Edit history (1)

Only Democrats can start the destruction of Social Security and Medicare.

They are not privatizing, yet. But it will be death by a thousand cuts.

Cuts to these programs are not needed. That's the big lie.

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Response to limpyhobbler (Reply #6)

Fri Nov 9, 2012, 06:10 PM

8. You hear Ed Rendell mention entitlement cuts all of the time.

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Response to JRLeft (Reply #8)

Fri Nov 9, 2012, 06:15 PM

9. sad. I've heard him once say

"we need to start being honest with our people about the need to reform social security and medicare".

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Response to limpyhobbler (Reply #9)

Fri Nov 9, 2012, 06:25 PM

10. He says it all of the time.

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