Tuesday, August 23, 2011

Obama and Social Security

I was reading this story about "Wall Street aristocracy got $1.2 TRILLION in Fed's secret Loans" "Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley (MS), got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress." Read the story here. 

I remembered this story "Obama Administration Bankrolls Massive Internet Propaganda Campaign to Push Obamacare"  "According to a budget summary prepared by Ogilvy, from October 2010 through February 2011, the Obama administration spent $1,435,009 on these online advertisements alone, including advertising campaigns with Google and Yahoo, almost $300,000 per month."  Read the story here.

Knowing that millions of citizens relying on Social Security for their retirement or disability, it would have been a good move to have put the money that was spent for promoting Obamacare, on Big Banks, and sending money overseas, the money should have gone to Social Security.  Instead we got threats of Social Security checks may not go out if the debt ceiling wasn't raised and the budget passed.  Working citizens have paid into Social Security and are entitled to it.

I am again reminded of the book "Rules for Radicals" by Saul Alinsky "Remember the rule - the threat is often more effective than the tactic itself, but only if you are so organized that the establishment know not only that you have the power to execute the tactic but that you definitely will.
 
Now we hear that Social Security disability is on the verge of insolvency by 2017.  Read the story here.  Let's not forget "Social Security wrongly declares 14,000 people dead each year".  Read the story here. The Social Security Administration is government run as we all know.  The more the government gets involved the worse things get.

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