How Washington Insiders Bar Economic Reality From Political Debate

Perhaps the best demonstration of the corruption of the Washington policy debate is that former Federal Reserve Board Chairman Alan Greenspan is still a member in good standing among the serious people. Last week, he told a conference organized by Wall Street investment banker Peter Peterson that a recession would be a price worth paying to get the cuts to Social Security and Medicare that he wants to see.

The point here, as Greenspan put it so eloquently last week, is that the rich and powerful want to cut your Social Security and Medicare. They will say lots of things that are untrue about the debt and deficit to scare you. There will be few opportunities for correcting this nonsense, because hey, they control the news outlets.

So just remember, it’s not even a bad movie. It’s just the serious people trying to take money out of your pocket and put it into theirs.

via How Washington Insiders Bar Economic Reality From Political Debate.

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