It’s Not Just Social Security
Like the corporate CEOs that Zero idolizes, he is going after the retirement programs of the military and Civil Service employees. They were already talking about changing those programs before they decided to attack Social Security.
The reason is the same – to avoid paying those programs what is owed. The three programs together own 26% of the bonds covering the national debt, and Zero intends to stall making the payments on those bonds when they come due. They can get away with it by controlling the pension programs and slowing the outlays. They will be defaulting without admitting it, and that is the real reason they are doing this. The deficit is the excuse they are using to cover what they are really up to – raiding the employees’ pension funds.
The ‘moral hazard’ of defaulting on debts only exists for the ‘little people’, not the ‘masters of the universe’.
April 6, 2013 Comments Off on It’s Not Just Social Security
