2008 exposed the disdain the wealthy have for social security and medicare.
Remember, what the whole idea of SS and Medicare is. Its a social safety net so that when the economy goes into recessions and markets go down you can fall back on it. In other words, Social Security along with various other government programs established throughout the 20th century WAS and IS the bailout. But when the moment of truth came in 2008, the wealthy looked at the prosect of relying on social security and they were terrified. So they effectively created entitlement programs of their own by bailing out Wall Street banks and having the Fed prop up asset prices.
Now they want to argue that all the post 2008 policies didn't cost anything and that SS and Medicare are the problem.
Say wha? wrote:
SS and Medicare are not just for poor people.