Obama's Deal From a poor Person's Perspective

[JDPriestly]

31. We shall see what happens in the House, but this deal does not foreclose pension cuts.

And the low interest rates and nervous stock market have already hurt middle class retirees who will not gain anything from this deal.

Cuts to Social Security that convert it into program that relies on the largesse of Congress to keep its poorest recipients safe are unacceptable. Cruel. And when I speak of Social Security, I am using the term as shorthand for a number of programs including SSI, government pensions especially military pensions, etc. Those programs should not be tampered with.

I hope I am wrong but the fact that President Obama appointed Tim Geithner, virtually a Pete Peterson protege to be Secretary of Treasury causes me to distrust Obama when it comes to Social Security in particular but these other programs for the disabled and retirees in general.

Listening to, agreeing with and praising Pete Peterson's anti-Social Security theories has become a ticket for advancement on Wall Street and in D.C.

It is shameful and immoral for these extremely wealthy but also extremely greedy folks like Pete Peterson to want to increase the insecurity and possibly the poverty of the poor, the needy and the elderly in order to satisfy their own insatiable greed.

These are issues of values, of morality.

As for unemployment, we need to employ people building new infrastructure for the 21st century. And we need to impose taxes on imports and less on incomes.