We learn why they hate social security

Lifted from an e-mail from coberly

We learn why they hate social security:

NCPSSM e-mail (update)
Apparently, these are the “good-old days” our nation’s fiscal hawks relish. The Peterson Foundation’s David Walker co-hosted CNBC’s Squawk Box this morning (personally, we yearn for the good-old days when so-called “news” shows were hosted by journalists—not partisan advocates—but that’s another debate).

The discussion followed the classic Peterson Foundation talking points—government bad, ‘business’ good—but ultimately led to a nostalgic reminiscence for the good old days when Americans faced debtors prisons and had no sense of “entitlement” (presumably to the Social Security and Medicare benefits workers already paid for their entire working lives):

“The fact of the matter is we have to change how we do things. We are on an imprudent and unsustainable path in a number of ways. You talk about debtors prisons, we used to have debtors prisons, now bankruptcy is no taint. Bankruptcy is an exit strategy. Our society and our culture have changed. We need to get back to opportunity and move away from entitlement. We need to be able to provide reasonable risk but hold people accountable when they do imprudent things…it’s pretty fundamental.”…David Walker, Peterson Foundation, CNBC Jun 10, 2010

Rdan here: I also refer you to Yves Smith’s piece on Peterson, and the part 2 of The Nation’s ‘Looting Social Security’.

Updare 2: And the NCPSSM e-mail.

Tags: Comments (42) | |