I am always amused when some member of the economic elite bemoans the
coming BOOMER BENEFITS BOOM!
Consider;
CORPORATIONS, WITH THE HELP OF WALL STREET AND WASHINGTON, HAVE
ELIMINATED THE OLD DEFINED BENEFIT PENSION IN FAVOR OF THE RISKY
401ks WHICH SEEM NOT TO BE WORKING!
CORPORATIONS HAVE SHIPPED HIGH PAYING VALUE ADDED JOBS TO LOW WAGE
COUNTRIES IN DROVES.
COPORATIONS HAVE ENCOURAGED SPENDING AND DEBT, OVER SAVINGS AMONG THE
AMERICAN CONSUMERS.
CORPORATIONS HAVE ENCOURAGED ALL AMERICAN WOMEN TO BE "LIBERATED" AND
MOVE INTO THE WORKFORCE, INSTEAD OF, SAY, "HAVING KIDS," THUS
PUTTING DOWNWARD PRESSURE ON AMERICAN WAGES. AND CREATING A DANGEROUS DECLINE IN THE BIRTH RATE, AND FUTURE WORKFORCE.
NOW!
NOW! CORPORATIONS AND THE ECONOMIC ELITES ARE BITCHING ABOUT PICKING
UP THE PIECES OF THE ECONOMIC AND DEMOGRAPHIC MESS THEY HAVE CREATED!
When Greenspan and others say: CUT BOOMER BENEFITS! WHAT EXACTLY DO
THEY MEAN?
Cut Bill Gates' Social Security Check? Well, OK.
BUT KNOW THIS. AND KNOW THIS WELL!
PEOPLE CAN NOT LIVE ON LESS THAT $2000 PER NOMTH IN THE US TODAY!
THEY SIMPLY CAN NOT MAKE IT. AND THAT'S ASSUMING THAT THEY HAVE
MEDICARE PICKING UP SOME OF THE MEDICAL EXPENSES.
Just exactly how low does Greenspan, et al, want to push the American
Consumer?
Are retired people supposed to "live off" the G-Mans ONE PERCENT
BUBBLE LOVING INTEREST RATES?
Are retired people supposed to survive on CORPORATE DIVIDENDS, NOW AT
ALL TIME RECORD HISTORICAL LOWS!
Is Grandma Millie supposed to flip stocks and commodity trades to pay
her electric bill?
WELL, MR GREENSPAN, TELL US!
JUST TELL US HOW YOU EXPECT PEOPLE TO LIVE IN A US ECONOMY THAT YOU,
AND YOUR WALL STREET BUDDYS, HAVE RUINED!
INDEED, TOTALLY TRASHED. WITH ONE ASSET BUBBLE AFTER ANOTHER!
After 20 years of Bubbles and Corporate Corruption at the highest
levels, NOW THE CROOKED ELITES WANT TO "CUT BOOMER BENEFITS!"
GREENSPANS SPEECH CAN BE SUMMED UP IN ONE WORD: BULLSHIT!
Postscript:
Or, if you prefer a more nuanced two word response: TOTAL BULLSHIT!
Just think about it.
