Posts Tagged benefits

Strong Unions – The Worst Nightmare for the Financial Elite

Michael Collins

Man wouldn’t pay you unless he had to. Chris Rock

The antiunion movement in the United States keeps us underpaid and represents a serious impediment to economic growth.  Despite that, the antiunion sentiment remains strong among the political establishment and their patrons.  Why?

Worker rights and a decent wage represent a toxic brew to the ruling elite.  In the past, they expressed their antiunion position in a crude fashion.  From the 1870s through the 1920s, industrialists fought union growth with hired thugs and complicit law enforcement officials.  Organizers and union members were harassed, maimed, and killed throughout the country for simply acting on the right to organize and participate in a union.
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The Money Party Deficit Reduction Scam and Social Security

Michael Collins

President Obama announced the new National Commission on Fiscal Responsibility and Reform on February 18 to address astronomical federal budget deficits.  There has been considerable speculation that this commission will target current and future benefits for Social Security recipients to achieve its goals.

Why would this be the case?  We need look no further than the treatment of major retirement funds over the past 20 years to get the answer.  When the mob needed cash, it looted the Teamsters retirement fund.  When large corporations or government entities get in trouble, they effectively borrow from their employee retirement funds by delaying required payments or otherwise gaming the programs.  This provides a source of ready cash, a quick vehicle to cover management errors, or jack up their bonuses.

Think of the Social Security Trust Fund (trust fund) as the most lucrative retirement fund in the country, the ultimate pot of gold, and you’ll immediately understand why it is that for decades, big business has plundered the trust fund.  How does this happen?

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