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Cato Institute Leads the Attack on Social Security

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McKenzie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 11:55 AM
Original message
Cato Institute Leads the Attack on Social Security
Never heard of this organisation before now. It has attracted funding from r/w think tanks.

<snip>

No organization is more responsible for the forced-march drive to privatize Social Securitystealing trillions of dollars of its funds for Wall Street accountsthan the Cato Institute, a multi-million dollar Washington, D.C. think tank. During the past 20 years, Cato has had more than a quarter of a billion dollars lavished on it in contributions by the most powerful Wall Street banks, and largest right-wing think tanksled by the ultra-right-wing Koch group of foundations. Cato has spent this money on a host of projects intended to destroy the sovereign nation-state and implement fascist economic austerity. But the lion's share has gone into the privatization of Social Security.

<snip>

http://www.larouchepub.com/other/2005/site_packages/ss_...
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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 11:57 AM
Response to Original message
1. get ready for the "Larouche is a wacko" avalanche
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McKenzie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:03 PM
Response to Reply #1
2. Thnx for forewarning me.
Sigh, the perils of not being American and posting on an American forum.

Don't shoot the messenger.
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:16 PM
Response to Reply #1
5. Larouche is a wacko.
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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:21 PM
Response to Reply #5
8. sweeeet
:)
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candy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:14 PM
Response to Original message
3. The Cato Institute is very well known and well connected.
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ferg Donating Member (873 posts) Send PM | Profile | Ignore Sat Jan-29-05 01:26 PM
Response to Reply #3
12. and very dishonest
Their specialty is producing dishonest papers "showing" things like Ronnie's tax cuts increasing revenue (if you ignore inflation, population growth, base-line productivity growth and the increased payroll taxes.)
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LiberallyInclined Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:16 PM
Response to Original message
4. never heard of the Cato Institute???
very famous right-wing libertarian shills.
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nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:16 PM
Response to Original message
6. The CATO institute actually created the program Bush is pushing
That's why...and John Stossel of ABC is their biggest mouthpiece...it would be nice to see how much dough CATO has paid him to push THEIR shit on the airwaves under the cover of "news reporter."
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:20 PM
Response to Original message
7. The world financial system is an advanced phase of disintegration
I did not know that! I read most of this article. I like the description of Cato creating sham-grassroots-front-organizations. Now back to the collapse:

Cato and its sister organization, the Institute for Policy Innovation, have written legislation introduced into Congress, calling for the diversion into an Individual Account of the full 6.2% payroll tax that a worker now pays into the Social Security Trust Fund. This Individual Account would provide (millionsof dollars) that Wall Street could use to save its endangered position. The world financial system is an advanced phase of disintegration, with crises in the derivatives market, Fannie Mae- and Freddie Mac-issued housing paper, the stock market, and so on. Bankers whose power relies on this failing financial system, are desperate to get their hands on a large stream of money to prop it up. The largest steady stream of cash is the U.S. Social Security system. The bankers' problem is that the money is not theirs, and legally, they can not get their hands onto a penny of it. Hence the "privatization" of Social Security, on a crash basis. Their strategy is to tell whatever lie is necessary, but get the money.
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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 12:41 PM
Response to Reply #7
9. to put it more simply
every ponzi scheme eventually collapses upon itself. The end of the gold standard was the beginning of the end of a sustainable economy. Especially in dubya's ewe nited states
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porkrind Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 01:00 PM
Response to Original message
10. Cato Institute = GOP astroturfers
They pretend to be reporters and independent experts. They're always on CNN shilling for the * admin.
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tjwash Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 01:17 PM
Response to Original message
11. The CATO institute citing "extensive studies"...
...showing social security is collapsing, is roughly akin to the CEO's of 500 major corporations citing "extensive studies" showing that they need to eliminate overtime pay.
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oasis Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 03:19 PM
Response to Original message
13. Cato members would privatize their grandmothers if it was legal.
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tsuki Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 03:48 PM
Response to Original message
14. Cato Institution, sifting through fact to prove a foregone conclusion.
American Anti-Intellectualism at its best.
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OneBlueSky Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-29-05 08:52 PM
Response to Original message
15. Larouche is indeed a whacko . . . but he's also exceptionally . . .
well informed on many issues, particularly those dealing with the US corporate oligarchy . . . read his stuff with a cautious eye, but don't discount everything he says . . . there's truth in them thar whackos . . .
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