Recently I posted a piece entitled, “Will Obama Cut Social Programs” and my conclusion was….yes he will. I listened to his speech and re-read it to be sure I think there is a disturbing part of that message.
It has been said that the Obama Admin is looking at reform entitlements like Social Security and Medicare. That usually means that the people who receive these entitlements will most likely mean they will get less in benefits and pay higher taxes.
This reform will effect the very people that cannot live with austere reforms. These are those on fixed incomes and a limited amount of services received.
I ask why start with the elderly and the poor for such reforms? Why not make it mandatory that ALL people paying Social Security, pay on the entire amount and not limit it to the first $250,000. That would be a more impressive reform and would make everyone part of the solution.
Obama made his speech and for the most part an excellent speech, but as usual there was a part that stuck in my brain and I found it to be a bit disturbing. The part that all Americans most take responsibility.
This formulation holds tens of millions of workers facing the loss of their jobs and homes through no fault of their own equally responsible for the present crisis as Wall Street executives and hedge fund managers whose financial parasitism and criminality helped drag their own institutions and the world economy into ruin.
Now Obama is telling working people that they must take “responsibility” for the crisis that is destroying their livelihoods by accepting deeper attacks on jobs, wages and social benefits, even as trillions of dollars in public funds are used to bail out Wall Street while its CEOs continue to draw down their seven- and eight-figure compensation packages.
I am all for taking responsibility for something that is my fault, but I refuse to take responsibility for something that was none of my doing. Obama is asking me to do just that and I am not thrilled about it. I do not think this is a place to begin with when trying to solve an economic crisis.