Dean Baker

The co-chairman of President Obama’s deficit commission, who wants to take away the Social Security benefits that retired workers have paid for, gets $335,000 a year from a Wall Street bank that was rescued by taxpayers.

Erskine Bowles, the co-chair of President Obama’s deficit commission, is apparently just making numbers up to push his case for cutting Social Security and the media think this is just fine.

The International Monetary Fund bears considerable responsibility for the world economic crisis. Rather than own up to their failures, they want to take away your Social Security.

Erskine Bowles, the Democratic co-chair of President Obama’s deficit commission would apparently subordinate economic growth and kill jobs because of his worship of the number 21.

The Center for Economic and Policy Research has a new budget calculator that shows quick and easy ways to prevent the debt from getting out of control without cutting Social Security and Medicare.

The Peter Peterson funded America Speaks propaganda exercise backfired as participants rebelled against the effort to force them into backing cuts to Social Security and Medicare.

Wall Street investment banker Peter Peterson has been trying to gut Social Security and Medicare for at least two decades. He has redoubled his efforts in the last few years. One of his projects is America Speaks.

Former Senator Alan Simpson, the co-chair of President Obama’s deficit commission, complained that the government had spent the money it borrowed from the Social Security trust fund, just as it does with the money it borrows from anyone else.

Peter Peterson’s new service, the Fiscal Times, had a news article in the Washington Post telling readers that people like Peterson who believe that it is urgent to cut Social Security and Medicare are non-ideological, in contrast to the people who think it is important to defend programs on which the vast majority of workers will depend in their retirement.

The same central bankers in the United States, Europe and elsewhere, whose mistakes led to the current economic crisis, are still in power. They are now telling governments to cut Social Security, health care spending and to force workers to take pay cuts.