On Fri, Aug 13, 2010 at 4:27 PM, Michael Perelman
<[email protected]> wrote:
> What troubles me is the difference between the rights of bondholders and
> the rights of people who have paid into social security.  I suspect that
> the idea of some will be to tell people that "we" cannot afford to honor
> those obligations.


Whereas of course, if they are rich bondholders, contracts are
sacrosanct and they have to be made whole! The hypocrisy here is way
too blatant, which is probably why attempts to gut soc sec have so far
gone nowhere..
-raghu.
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