Reply #5: Goodbye Social Security [View All]

[PSPS]

David Plouffe, a senior White House adviser, said Barack Obama, the president, would propose “significant debt reduction”, including looking at the federal Medicare and social security programmes, traditionally regarded as sacrosanct. “Every corner of the federal government has to be looked at,” Mr Plouffe said on Sunday, although he added that spending on investment and education would be protected whenever possible.

Since Social Security contributes zero to the national debt, this is Obama paving the way for his desired dismantling of it. The cat food commission was his initial signal in this regard, since he hand picked for its members only those known to loathe the program. His "tax holiday" scheme, with its intrusion of Social Security into the general budget for the first time in history, was Obama's tricky way to insinuate Social Security into the debt discussion.

Of course, "spending on investment and education" translates to more corporate welfare and elimination of the public school system in favor of for-profit schools run by political cronies.