Bernanke Wants Your Social Security Money

Posted in: Politics, Economics
Share

As if he hasn't already been a disaster for the finances and retirement savings of the middle class...

Yesterday, Ben "Bubbles" Bernanke - testifying before the Senate Finance Committee that is considering his reappointment as Fed chairman - called for cutbacks in Medicare and Social Security even as unemployment rises and the middle class is endangered.

In a particularly tone deaf moment, this scoundrel who presided over the single largest theft in the history of the world, cited legendary bank robber Willie Sutton when asked to explain why he was in favor of tampering with Social Security funds. Just like Willie Sutton said when asked why he robbed banks, Bernanke said of the retirement and health care funds, "That's where the money is."

After more than a trillion un-accounted-for US tax dollars were shoveled out the door to financial institutions around the world by Bernanke, he has now evidently set his sights on the legacy of the New Deal, our Social Security and Medicare monies. I guess Wall Street needs more caviar and champagne to go with their record compensation again this year while Main Street is applying for foodstamps.


 
 
< Previous
Declining Unemployment Rate Points To Economic Recovery, Can Have Positive Rub-Off On Select Sectors (XOM, CVX, SPY, QQQQ, XLF, M, WMT, BBY)
Next >
U.S. Banks Remain Stuck In TARP, Choking on Commercial Real Estate Loans, (SNV, BAC, ZION)
Share
Printer-friendly version
Send to friend
We're Loving

Benzinga's Premium Memberships

Benzinga's News Delivered Free

Brain Trust

Special Offers:
Quick Cash Advance