Billionaire Spreads His Money Far and Wide to Privatize Social Security
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And, of course, if Social Security is privatized, guess who takes over? Wall Street takes over. The same Wall Street where Peterson made his money, and where his buddies are salivating over the $2.7 trillion Social Security trust fund.
So what’s the bottom line to all of this?
Pete Peterson and his strong efforts to privatize Social Security and Medicare are working. Average Americans have no idea that Social Security is just fine, and has a $2.7 trillion surplus. Instead, in part because of all the PR and advertising and hired talking heads from Peterson's various front groups, Americans – particularly young Americans – are more likely than not to doubt Social Security will survive as long as they will.
This perception that the social safety net in this country is failing is helping turn America into a feudalistic state. Like in Dickens' 19th Century England, the wealthy elite increasingly control everything, and the working class is forced to live off of billionaire scraps.
Every day that the “Fix the Debt” and other Pete Peterson efforts succeed at destroying Americans' faith in our own government, We The People lose.
To learn more about Peterson and his campaign, and his millionaire CEO buddies, go to www.petersonPyramid.org. And spread the word. Our national wealth, our national retirement and social safety net programs, should not be handed off to Wall Street.