Early Retirement Blog

America Speaks,   a Wall Street front group pretending to be a grassroots coalition, will be holding town hall meetings across America to engage concerned citizens on ways to balance the budget.

What is America Speaks? America Speaks is a very slick and well organized PR effort,   designed to create the perception, that Americans are willing to give up their retirement benefits to balance the budget.

What is the goal of America Speaks? To balance the U.S. Federal Budget, while keeping taxes on the wealthy low, by robbing your middle class retirement benefits.

Who is behind America Speaks? A coalition of wealthy elite Americans, and trust fund babies, led by Pete Peterson.

Why do the wealthy elites care so much about balancing the budget? Simple.   The U.S. can not continue running up huge budget deficits without interest rates going higher.   When interest rates rise, the value of their stock, and bond holdings go down.   So, to protect their wealth, the U.S. budget deficit must be reduced.

Their are three ways to balance the budget, raise taxes, cut spending, or a combination of both.   Taxes are off the table.   The argument from the wealthy elite will be that raising taxes hurts the economic recovery. Balancing the budget will have to come from spending cuts.

The two largest parts of the U.S. Budget are military spending and entitlement spending.   Cutting military spending is off the table.   Not only do the wealthy elite, who own the military industrial complex, profit from government spending on the military, the wealthy elite also depend on a strong and aggressive military to protect their global investments.

Balancing the budget will have to come from reducing entitlement spending.   What is entitlement spending? Social Security and Medicare – your retirement.   The reason why your retirement benefits are called entitlement spending, is because you are entitled to receive these retirement benefits from the government, after having paid for them during your working life.   The government owes you these retirement benefits.

What America’s wealthy elite, who fund America Speaks, wants is for the American middle class to agree to sacrifice their retirements to balance the budget.   It is class warfare.

What can you do to protect your retirement from these class warriors?   Attend an America Speaks town hall meeting, and speak out against their attempt at wealth re-distribution, from the American middle class to the wealthy elite they represent.

Also Read:
Why and How You Are A Wage Slave
Stop the Budget Deficit Commission

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