[lbo-talk] liberal austerity (cont.)

SA s11131978 at gmail.com
Wed May 6 11:17:19 PDT 2009


Michael Pollak wrote:


> Nope. I'm just saying all SS needs is a little fiddling to stay
> solvent. And this quote from Steny sounds like that's all they intend
> to do: a little fiddling (while blustering that they've accomplished
> something big). I have no hopes that things will get better in this
> department. But I see no evidence in this quote for a scary boogeyman
> on the horizon.
>
> You and Doug seem to be fearing that a massive austerity program is
> about to be foisted on us. And see this as evidence for it. I think
> it's only evidence if you've already accepted the accused is guilty.

You have to admit, Michael, that at a time when millions of people's retirement savings have been literally wiped out, the fact that the party of the left is able to get up with a straight face and talk about raising the retirement age and cutting retirement benefits *at all* - while simultaneously adding billions to the taxpayers' debt to bail out bank creditors - is pretty amazing. That's the scary boogeyman. I don't know if it's a massive austerity program but it's pretty remarkable. We're all in this together, as Obama likes to say.

SA



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