Retirement Security

Fiscal Ciff Debate: Austerity & a Grand Betrayal

Prof. William Black explains the fiscal cliff narrative is an effort to begin unraveling the social safety net — Social Security, Medicare, Medicaid, food stamps... The focus on a tiny increase in revenues from the wealthy is a distraction (watch my left hand, while all the magic is taking place in the right hand) while the giveaways are massive in return. He argues that this can only come from a a Democratic president, because it's toxic for any national-level Republican candidate.

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