We are living in a period of suspension of disbelief in terms of the US Economy. The fraud based US economy that created false prosperity through the 80's, 90's, and early 00's died in 2008. It completely collapsed. If it was a patient in a Hospital a Doctor would be disusing with the next of kin when to turn off the machines an let it go. It's over. The rush to privatize everything not nailed down, and roll the assets of Social Security into the moribund economy is simply an attempt to get a few more heartbeats out of an economic system that is clinically dead. Gone forever. Never coming back.
If the United States of America is to survive, and I am not over dramatizing here, we need to expand the social safety net not slash it. There are many simple ways to save Social Security ... eliminating the contribution cap is but one, slightly upping the contribution by a percentage point or two is another ... but the issue isn't really the health of Social Security. The issue is for Wall Street to confiscate the wealth of Social Security, that we have all contributed into, in order to keep the Terry Schaivo Economy they love alive. An impossibility.
In order to save Social Security, we need to come to terms with the true state of our economy.
Read the Article at HuffingtonPost
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