The President's Social Security Plan Is a Really, Really Bad Idea

Think of the double plus for Wall Street of Privatized Social Security.



First, they get a constant, mandated influx of revenue into their dicey, fraud-based markets.



Second, the Privatized Wall Street version of Social Security would be a perfect hostage for a Financial Services Industry that relies on securities kiting, wealth counterfeiting though derivatives and CDS contracts, and outright Bernie Madoff style Ponzis to simulate prosperity, for, never again, could an un-bailed out market crash be tolerated for it would immediately dump millions upon millions of Americans into poverty. The US Government would be obligated to cover Wall Street's bad bets, for it would be a National Security issue not too.



And, you're correct, Obama is tight with Wall Street, for no individual would ascend to the office of the President without that being the case .. they wouldn't make it that far in contemporary America.
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