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Fed Chair Bernanke prefers 'entitlement' cuts over tax increases for the wealthy

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democracy1st Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 08:03 PM
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Fed Chair Bernanke prefers 'entitlement' cuts over tax increases for the wealthy
 
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https://www.youtube.com/watch?v=PpGGjQuASZo
 
Posted on YouTube: December 04, 2009
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Posted on DU: December 09, 2009
By DU Member: democracy1st
Views on DU: 311
 
Fed Chair Bernanke prefers 'entitlement' cuts over tax increases for the wealthy
This Fed Chair confirmation hearing was Thursday, December 3, 2009
Visit: http://firedoglake.com
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Guy Whitey Corngood Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 08:17 PM
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1. So this is the guy I keep hearing is not a fucking horrible choice. OK then. nt
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JHB Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-08-09 08:32 PM
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2. Just remember: it's not "entitlement cuts", it's theft.
Payroll taxes were increased two decades ago to ensure Social Security could function through the Boomers' retirment without cuts, and Medicare's costs reflect the out of control probems wth our medical system. Fix that, and Mediare stabilizes.

Those things have been paid for. Failure to deliver is theft.
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