General Discussion
In reply to the discussion: Why is Social Security Under Attack from Obama, when it ADDS NOTHING to the deficit??? [View all]truedelphi
(32,324 posts)Because deficit hawks, including Dem leadership, think that some 4+ trillions of dollars needs to be chopped out of the federal Budget over the next 10 years. So here is the best proposal - GET IT FROM THE DAMN BANKERS and FINANCIAL PEOPLE.
We know, ever since Bernie Sanders' insisted upon audit of the Fed went through, that Paulson/Bernanke lent some 14 to 16 trillions of dollars to their friends in high positions in banking across the globe.
As far as I am concerned that is a terrorist act.
But Bernanke told "Sixty Minutes' it wasn't real money - just digitized money that he created and nothing for anyone to worry about.
The experts tell us that some 4.7 trillions of dollars of these "loans" will never be paid back.
So have the President sign and Executive Order recapturing that money - in the same way the nation recaptures the accounts of Libya, Bin Laden et al.
As far as whether or not it should come out of Social security - hey - the American people, many of them in retirement, or nearing retirement, lost nine trillions of dollars when the Housing bubble burst. Let this "recapture of loaned monies" help to reduce the pain so many of us felt.
If that is not a good idea, then quit the crap and extend the cap! It is the affluent who live long enough to see retirement. Poorer people, especially those of us in our fifties and early sixties who don't have decent medical care, have much poorer odds of getting Social Security.