Feed the rich on Soylent Green

[richardf8]

After the Bush tax cuts have set deficits sprialling out of control, it seems the fed chief has come up with the perfect solution: Cut Social Security

This is essentially a Swiftian solution which would have us eat our elderly rather than our children. Anyone up for a side of Fed Chief with Fava Beans and a fine Chianti? He's 78 now, and has CLEARLY outlived his usefulness.

Comments

[lordrunningclam.livejournal.com]

It's not that I can't belive he said that, I just can't believe he said that during an election year. It's as if he wants the Democrat to win...

Greenspan is just reacting to the simple economic reality that has befuddled every Republican Prez since Reagan. If you gotta give tax cuts to the rich, and you gotta increase the defense budget, and you gotta keep paying debt service (because you gotta keep the dollar on a sound footing), and you gotta keep inflation from spiraling out of control, sooner or later you gotta talk about cutting grandma's Social Security.

The worst economic news I have heard recently is how badly the dollar is doing next to the euro and yen, due mainly (I think) to the crushing debt. I'm just waiting for Da Prez to announce a third world style structural adjustment program to deal with the problem. This could just be the first step.

[visservoldemort.livejournal.com]

I'm told that to a certain extent, the disparity hurts Europe and Japan more than it does us. Which might imply that they may take steps to strengthen the dollar as well. Granted, I'm not expert on the topic, however.