U.S. retirement benefits to be cut?

Campaign to cut Social Security and Medicare takes off under fears of debt crisis.

President Obama, former President Bill Clinton, and others join Billionaire Peter Peterson in supporting new commission to solve long-term deficits.

For more visit www.therealnews.com.

Produced by Jesse Freeston.

Category:

News & Politics

Tags:

• greece
• obama
• commission
• bowles
• simpson
• greenspan
• clinton
• rubin
• peterson
• deficit
• debt
• greek
• imf
• world
• bank
• paul
• ryan
• fiscal
• responsibility
• tax
• vat

[MrDarkbloom]

Privatize the profit, socialize the debt. That's what Greenspan, Obama and all the other dicks stand for.

[2legs2armsetc]

Yes, we need less social security and more oligarchs so that cash can trickle down into the system, cos oligarchs just love going shopping (or at least their bitches do). The super rich need to expand otherwise they run out of golf partners and the rest of us must fight for jobs as caddies.

[5336045]

omg if u listen he does say the things u love the children and the porn whats he thinking and why not cut these people on welfare hhhhmmmm the ones that don't need it and can work cut that it would save billions and cut these girls 11 12 13 years old having babys not old enought to get a job so guess what welfare pays for it no if they are getting pregnant at 11 12 13 that means there parents aren't doing there job so why dont they cut them off welfare its bull no take away form the working

[mandroid87]

children and the... porn....

[marsCubed]

In a very recent survey of health care in the 7 most developed countries,. USA came bottom for coverage, quality of service and cost.

The top was the Netherlands which has excellent coverage quality and service and costs less than half as much as the USA system.

USA Privatized healthcare system is a way of syphoning off tax and healthcare money as bonuses for a few..

it is staggeringly wasteful.

Blame the conserva-nuts and tea-panty ranters for trashing affordable medicare style plans.

[marsCubed]

Great idea... work old people to death so young people can't get jobs.

Then compete with this angle internationally causing other countries to do the same to keep up with the nastiness...

thus everybody gets a shit life and the economic advantage of stolen pensions completely evaporates as the playing field becomes another example of how stupid and nasty capitalism is.. while all the time raking in $ for the bankers.. who also stole the pension money in the first place.

[FarangBalls]

BORROW money to pay a DEBT??? Does this make sense to anyone? And the loans from the IMF have to be paid back with INTEREST. THat means the countries that get an IMF loan will actually be more in debt. God help us this is insanity.

[KhmerD0g]

let's raise tax on the rich to 95% since they control 95% of the wealth. that will cut 95% of the debt. Bill Gates has $56 billions in wealth. take $50 billions of that and he is still billionaire.

tax 95% of wall street bonuses.

[zeph1955]

Ohhh, so glad the hopey/changey president is keeping the same old elite gasbags front and center! They got theirs, the rest of us are on our own. A whole lot of people were bamboozled by 0's marketing. The rest of us saw it coming but couldn't stop it. We're pretty screwed.

[lordhighexecutioner]

Japan's debt to GDP ratio is far higher than the American one yet its interest rates are low. The IMF just the other day threatened Japan yet again, though this state of affairs has continued for over a decade! This is just gangsterism. Peterson describes the way of things should he succeed in his evil plans.

[GodBlesstheWorld2008]

Simple, end inflation NOW. Back our money with something other than AIR.  The answer is NOT higher prices and lower wages.

[MarquisdeBarrabas]

This talk about raising taxes is ridiculous, and the media continues to ignore the elephant in the room:

There needs to be a global, coordinated CRACKDOWN ON TAX HAVENS and tax evasion practices.

Why aren't people on the Left picking up on this?