An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, February 19, 2009
PRESIDENT OBAMA INVITES PETER G. PETERSON FOUNDATION LEADERS TO TAKE PART IN WHITE HOUSE “FISCAL RESPONSIBILITY SUMMIT”
God help us. The same group that did not see the current financial crisis is now gaining clout with the Administration and is hell bent of destroying social security and truly plunging our country into poverty if their prescriptions are followed. The group's president, David Walker, was on my show last October admitting that the country "Did Not" face a solvency issue and, that, "Social Security checks wouldn't bounce." Is he lying, then, when he goes around the country stating otherwise?
Listen to audio clip here.
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