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View Diary: Protecting Social Security from Inaccurate Accounting with an Agenda (44 comments)

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  •  The whole of the capitalist system is pervaded -- (1+ / 0-)
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    by insane modes of accounting.  The whole idea, for instance, of a $1.2 quadrillion notional economy of debt derivatives appears to me as a sort of blackmail -- the banksters are saying to the world "if you expose our trading game as a Ponzi scheme, we will ask the world's taxpayers to foot a $1.2 quadrillion bill or else we will crash the world economy."

    Perhaps much the same thing is going on here with Social Security -- maybe the Powers that Be imagine some sort of "unfunded liability" in the future so that, when they can marshal the political power to create that liability out of thin air, it can be funded by stealing from Social Security.  Possible?

    "Always in motion is the future." -Yoda

    by Cassiodorus on Fri Mar 29, 2013 at 03:28:46 PM PDT

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