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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:25 AM
Original message
Peterson Foundation Head Nostalgic for Debtor's Prisons
Be aware that the Peterson Foundation people are literally on a first-name basis with both the GOP and the New Democrats. These are the Wall Street/K-Street insider "centrists" who for years have been pushing for cuts in both Social Security and Medicare. Alice Rivlin, of Obama's Debt Commission, is a Peterson employee.



http://fdlaction.firedoglake.com/2010/06/15/peterson-fd... /

David Walker is the president and CEO of the Peter G. Peterson Foundation, founded by billionaire financier Peterson as a think tank on fiscal issues. On CNBCs Squawk Box recently, Walker seemed to long for a return to debtors prisons. If hes nostalgic for debtors prison, the next step is to advocate the return of debt bondage, or perhaps people being sold into indentured servitude. Those practices went hand in hand with the concept of prison time for those who owe money. Via Media Matters:

WALKER: The fact of the matter is, we have to change how we do things. We are on an imprudent and unsustainable path in a number of ways. You talk about debtors prisons, we used to have debtors prisons, now bankruptcys no taint. Bankruptcys an exit strategy. Our society and our culture have changed. We need to get back to opportunity and move away from entitlement. We need to be able to provide reasonable risk but we need to hold people accountable when they do imprudent things. Its pretty fundamental.

Now, why should you care that this wealthy CEO longs for the days of debtors prison, which often resulted in forced bondage and child labor? Walker heads the Peterson Foundation, and President Obama is heavily relying on Peterson and those associated with him to help run his deficit commission. Im horrified that this man with his insane beliefs is anywhere near important policy decisions about the future of Social Security and Medicare.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:29 AM
Response to Original message
1. People like Trump declare bankruptcy all the time. They finance everything with credit.
not there actual money. America was built on credit.
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joe black Donating Member (514 posts) Send PM | Profile | Ignore Wed Jun-30-10 12:17 PM
Response to Reply #1
5. Moveon .org
Got an email from them asking to call the WH and demand Simpson be replaced.
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Catshrink Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:33 AM
Response to Original message
2. "We need to be able to provide reasonable risk but we need to hold people accountable when
when they do imprudent things. Its pretty fundamental."

Does that include Goldman Sachs? Other banksters?
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Bitwit1234 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 09:41 AM
Response to Original message
3. I for one, can not believe
that Obama would appoint two people who want to destroy Social Security and Medicare. It seems to me ever since he got in, he has pushed a heck of a lot of the republican principals. And I will never forgive him for the way he gives in to republicans. If he wants to get re-elected he better darn sight start acting like he wants to do for the so called """"little"""" people and not corporations and republicans.
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Faryn Balyncd Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 11:35 AM
Response to Original message
4. Who the hell are the "unrec'ers"?
Edited on Wed Jun-30-10 11:38 AM by Faryn Balyncd

k and r


The Peterson Foundation have SS in their sites. They long for a return to debt bondage and feudalism.



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tk2kewl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 09:35 AM
Response to Reply #4
6. Ya think he made sure that his disabled son that he instutionalized got SSDI?
Edited on Thu Jul-01-10 10:00 AM by tk2kewl
I bet he did. And I have it from a good source that son is high functioning, so why does a billionair not have a disabled family member cared for at home?

Seems like a real prick to me.
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