Green Retirement

 Update: February 15, 2009 - I just came across a fantastic article on Obama’s plans to raid Social Security, titled “Looting Social Security“,  written by William Greider in The Nation Magazine.  Because the Main Stream Media perverts the news, most people assume that it is only conservatives who disagree with Obama, the truth is that more and more progressives are becoming disenchanted with Obama’s policies.  There is a hidden, and without the blogosphere a voiceless mass of progressives, yearning for real change.   We are here even if you can’t hear us.

Update: February 14, 2009 - Liberal Blogosphere is catching on.  Dean Baker in the Huffingtonpost.com warns readers of Obama’s plans to go after your retirements.

Update: January 21, 2009 - The Chicago Tribune, Obama’s hometown newspaper, in an article posted on their website pretty much confirms my belief (expressed below) that Obama will go after your retirement. “You may be called upon to take responsibility by paying higher taxes through your working years and giving up some Social Security and Medicare benefits when you retire.” Writes Gail Marks Jarvis of the Chicago Tribune.

The honeymoon is over, tell Obama, hands-off Social Security and Medicare.  The gall to keep the Bush tax cuts for the wealthy, and pay for it with the Middle Class’s retirement, is nothing short of a continuation of the systematic looting of one class for the benefit of another - just in a different package.  Original blog post below.

Say hello to the Chief Performance Officer and goodbye to your retirement. President-elect Obama signaled in a news conference held yesterday, announcing the appointment of Nancy Killfer as the nation’s first “Chief Performance Officer”, that he is planning to reduce the deficit by going after Social Security and Medicare.

Obama’s plan to reduce the deficit and debt that will be created, to pay for his trillion dollar stimulus package, will come from a reduction in future benefits for American workers.  And the reason Obama has to go after Social Security and Medicare, to pay for his trillion dollar stimulus plan, is because Social Security and Medicare are the last two assets the American people have left.  Americans are on the verge of losing their retirement.

The eventual plan will be a convoluted mess, that will pit seniors against working people and doctors against insurance companies, and will involve many heated debates.  In the end, the possibility of a decent retirement for the average American, will become a distant memory.

To give you an idea of the amount of money you are about to lose, to replace the income produced by Social Security and Medicare ($1,500), would require a $450,000 investment.  Multiply that number by 130 million working Americans, and you are talking nearly $60 trillion dollars in future benefits, the U.S.  Government owes - you.  It’s your money, in fact the irony is that, you have been paying extra taxes into the Social Security and Medicare trust funds to pay for your retirement.  And in a clever accounting trick, Obama can reduce the the national debt and deficit, by reducing the amount of money the Government owes you.

The stock market may have collapsed, forever killing the idea of privatizing Social Security and giving your money to Wall Street, now you have to watch out that the government does not rob you.    America, prepare to guard your retirement, it’s all you have left.