Bernanke Channels Willie Sutton In Assault On Social Security: 'That's Where The Money Is'. Huffington Post reports: In testimony before the Senate Banking Committee today, where he's seeking re-appointment as the Fed's chairman, Bernanke called for cutbacks in Medicare and Social Security even as unemployment rises and the middle class is endangered.
Citing legendary bank robber Willie Sutton, Bernanke said of the retirement and health care funds that are the legacy of the New Deal: "That's where the money is."
And Wall Street wants that money, stat. It's official, "they" won't be happy until the middle class (what's left of it) is poor and the poor are dead. Never mind the $10 billion plus being spent every fucking month in Iraq and Afghanistan (and we know that's going up, thanks Obama!), the hundreds of billions--no trillions--given to Wall Street, the trillions lost in revenue due to W's tax cuts. No, the problem is that we insist on getting a piddling social security monthly payment that we fucking paid for when we finally get to retire because corporations don't give pensions any more and our 401ks, if we have them, are in the shitter.
Honestly, what the fuck do we do? I don't have enough to move abroad, but if I did I would be looking for a new place to live. Hell, I already am looking, just in case an opportunity arises.