Obama To Abscound With Social Security

Andrew Taylor of the Associated Press reports Social Security Cuts Are Part Of Deficit Reduction Plan.

Simply by the makeup of the Blue Ribbon Panel of the Debt Reduction Task Force at the think tank, Bipartisan Policy Center, it was simply a foregone conclusion that Social Security cuts would be part of the proposals for deficit reduction. The cuts are a policy coup, to abscond with resources in the US Pension System. It is similar to the US Federal Reserve Quantative Easing TARP Facility, which was privatization of profits to the banking elite, and socialization of losses to the public.

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