American Retired Seniors

Sound The Alarm! Peterson Foundation Assault On “Entitlements”  By Roger Hickey with Campaign For America’s Future, February 5th, 2009

At a press conference today by Wall Street mogul Peter Peterson, he and his invited speakers informed Americans who are losing their jobs and homes in record numbers that our nation’s biggest problem is the national deficit-and that the solution is to cut Social Security and Medicare.  We don’t need this campaign. What the nation needs right now is an increase in the federal deficit to stimulate economic recovery and to create and save jobs. Yes, President Obama inherited a large budget deficit and national debt due to George W. Bush’s reckless tax cuts for the very wealthiest Americans, like Peterson. Economist Dean Baker has pointed out that Peterson and his partners made a fortune running a Wall Street private equity fund, much of which he was able to shelter from normal taxation through the “fund managers” tax break.

Does anyone remember Peterson (or the others at his press conference) warning of the fiscal dangers of those massive tax cuts to the wealthy? Did they warn us about the speculative bubble economy and the irresponsible and dangerous financial deregulation of their industry that allowed them and their cronies to make huge fortunes, while the banking system eventually collapsed under the weight of its own greed?

Sound the alarm! The people who got us into the financial and economic mess that is currently costing American jobs and businesses have launched a campaign to jeopardize our retirement security and the one part of our health care system that works. The American people rejected their attempts to privatize Social Security, and they should reject this latest, ill-timed campaign.

“We The People” Demand Congress to Return America back to The People!   We need to tell Congress and the President to roll back the Bush Tax Cuts that continue to give the wealthiest Americans huge tax cuts and to remove the huge tax cuts Bush gave to big oil companies who currently ONLY PAY 9% in taxes, much less than even average Americans. 

If Seniors and Boomers do not speak up now, the same old Scapegoating of the most vulnerable by the too powerful Republicans will attempt to cut Social Security and Medicare programs along with raising taxes. 

Call 1-866-544-7573 and tell your Senators NOT to cut Social Security and Medicare.  How to call:

Step 1) Dial 1-866-544-7573: You will be given brief instructions (which you can skip by pressing “1″) then forwarded to the Congressional switchboard operator. Tell the operator which state you’re from, and ask to be connected to one of your senators.

Step 2) Tell Your Senators: Stop any effort to cut Social Security and Medicare!

Filed under: Senior Finances