The Rich Elite Profit from Government Interference with the Economy
Paul Roberts goes into disconcerting detail concerning the economy in this article: http://www.counterpunch.org/roberts03192009.html. He poses serious and important question about whether we are all aware enough about our country’s economic “stimulus” packages. He also explicates the enigma that allowed executives of a tax-funded bank to withdraw incredible bonuses:
“The US government breaks its contracts with US citizens on a daily basis, but AIG’s bonus contracts are sacrosanct. The Social Security contract was broken when the government decided to tax 85% of the benefits. It was broken again when the Clinton administration rigged the inflation measure in order to beat retirees out of their cost-of-living adjustments. To have any real Medicare coverage, a person has to give up part of his Social Security check to pay Medicare Part B premium and then take out a private supplemental policy. The true cost of Medicare to beneficiaries is about $6,000 annually in premiums, plus deductibles and the Medicare tax if the person is still earning.”
Hopefully with this information the reading American public will become better informed and more capable of guarding its (and its children’s) capital. Maybe then with this in mind we can start to get ourselves out of debt.
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