Lobbyists Come For Your Retirement Money

Bombshell: Plutocrats Brazenly Collude to Hurt State Economies and Screw Working People | Alternet

Bombshell: Plutocrats Brazenly Collude to Hurt State Economies and Screw Working People | Alternet
"Illinois fatcats discuss plan to sabotage state bond ratings in scheme to destroy pensions."

Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare? | Common Dreams

Has NPR Joined Peter Peterson's Crusade Against Social Security and Medicare? | Common Dreams
"Peter Peterson, the Wall Street investment banker, has been most visible in this effort, committing over $1 billion of his fortune for this purpose. Recently he enlisted a group of CEOs in his organization, Fix the Debt, which quite explicitly hopes to divert concerns over income inequality into concerns over generational inequality. It argues that programs like Social Security and Medicare, whose direct beneficiaries are disproportionately elderly, are taking resources from the young."

Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams

Wall Street’s Misdeeds Cost Trillions, But It’s Main Street Who’s Getting Nickel-and-Dimed | Common Dreams
"And as Washington argues about whether it should spend millions to save Main Street’s resiidents trillions, both parties are reportedly open to a budget agreement that would cut $130 billion in Social Security benefits for the elderly and disabled over the next ten years (according to White House estimates). In Washington that’s an acceptable “buy-partisan” solution.

But, especially for the Republicans, it isn’t acceptable to ask the bankers who cost Americans trillions of dollars – and walked away wealthy – to spend millions to prevent another trillion-dollar crisis."