News & Politics

Stop the Campaign to Loot Social Security

Although Obama has stated his support for Social Security, progressives need to fight against private interests who will push him to compromise.

The resounding defeat of George W. Bush's effort to privatize Social Security in 2005 seemed to be the end of attacks against the program. However, William Greider argues that Wall Street interests are leading a new round of threats to Social Security in a plan to use money from the program to recover the costs of bailing out banks. Although President Obama has indicated support for Social Security in the past, Greider argues in the video below that progressives need to exert pressure and educate the public about its solvency in order to counteract the efforts of private interests pushing for a compromise. 

 

Read Greider's full article, "Looting Social Security," from The Nation,here.

William Greider is the author of, most recently, "The Soul of Capitalism" (Simon & Schuster).
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