One of the signs prominently held up by one of the idiots at the Occupy Wall Street mob scene read “People Not Profits.” Obviously, this numbskull doesn’t understand that without profits we would all be living in poverty, as they do in Cuba. But neither the Cuban nor Soviet governments even remotely gave up on profits. The Soviets used slave labor to mine the gold in Siberia to pay for the Communist government’s need to import goods, and the Cuban government earns profits by maintaining beach resorts for foreign tourists.
Politicians who are principled enough to point out the fraud of Social Security, referring to it as a lie and Ponzi scheme, are under siege. Acknowledgment of Social Security's problems is not the same as calling for the abandonment of its recipients. Instead, it's a call to take actions now, while there's time to avert a disaster. Let's look at it.
According to Harvey Rosenblum, a top economist at the Dallas Federal Reserve Bank, the American economy is at the “knife edge” between growth and contraction. He spoke at a forum sponsored by the San Antonio Chamber of Commerce on September 27. “We are in the midst of the Second Great Contraction,” he observed, adding that he didn’t think that “monetary policy tweaks” would help much. “The patient isn’t responding well to the medicine,” he said.