More Right Wing Money for Youth Groups
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- sarahkatheryn
- added this
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more from News:
http://www.futuremajority.com/node/9304
This morning I got an email from myImpact.org announcing that they'd received support from the Peterson Foundation and Mobilize.org for a social media project they intend to do. This was announced at the Mobilize.org event "Exploring the Millennial Generation’s Return on Investment" a conference announced earlier this year when Mobilize announced their $1million grant from the Peterson Foundation.William Greider wrote in The Nation earlier this year about the Looting of Social Security, describing very specifically the plan among Wall Street and Banking elites who are pushing the idea of fiscal responsibility as part of policy. Fiscal responsibility is a well tested phrase that everyone can get behind - because everyone agrees that our country should be responsible with its money. . . but Greider says that this is a backdoor swindle on anyone who has paid into Social Security
"These players are promoting a tricky way to whack Social Security benefits, but to do it behind closed doors so the public cannot see what's happening or figure out which politicians to blame. The essential transaction would amount to misappropriating the trillions in Social Security taxes that workers have paid to finance their retirement benefits. This swindle is portrayed as "fiscal reform." In fact, it's the political equivalent of bait-and-switch fraud."
His piece is extensive, and outlines the ways in which the rich want to use funding for Social Security to cut taxes to corporations and upper-income wage earners and a huge tax increase imposed on working people that he says is similar to the 1983 tax
"the payroll tax rate supporting Social Security--the weekly FICA deduction--was raised substantially, supposedly to create a nest egg for when the baby boom generation reached retirement age."
There is a kindred spirit in young people with this message, because since the 1980's the Millennial Generation has heard a consistent message about Social Security being too small to support the Baby Boomer Generation. Most young people don't think it will be there for them (Disclaimer: It will be), so this is a great group of people to begin organizing around "entitlement reform" to unmake Social Security and bait the young against the old to screw us all.
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- groups:
- News
