Wednesday - May 18, 2005

Crossroads

Where are the conservatives in D.C., I ask you?  John B. Roberts served in the Reagan Whitehouse and he is saying we are headed for a socialist state.  American corporations shedding their future contract liabilities for, union employees’ retirement benefits, onto the backs’ of American tax payers is one of the biggest scam of all time.  Not only do tax payers have to pay for the Federal Government’s unfunded liabilities in Social Security and Medicare, but also union employees’ pensions so they can retire at 58 years of age and play golf in Sarasota, it’s pathetic.  Make sure you read the last 4 paragraphs of what John has to say.

The Skipper should promise us all pensions and retirement health care benefits and then transfer that future liability onto the backs’ of US tax payers.  We can let OLDCATMAN draw up our contract, who’s with me?

America is at a crossroads, thanks to the combinationof UnitedAirlines’ record $10 billion pension default and the Pension Benefit Guaranty Corp.’s operating deficit. A major challenge to conservative thinking is taking shape before our eyes. Capitalists are urging socialist measures to address the looming pension crisis. Unless clear thinking prevails in Congress, American corporations will succeed in shifting their employee obligations from the private sector onto the taxpayers.

This goes far beyond corporate welfare. The new deal corporations are seeking in a global economy is to offload their costs onto government, while preserving transnational access to markets, consumers and labor. We saw the glimmerings of this nascent era of capitalist-socialism in the 2004 presidential campaign. CEOs from smokestack and high-tech industries supported the concept of universal health-care as a way to shed the burden of employer-provided health insurance. And no wonder. With the annual price of premiums rising at double-digit rates, health insurance now ranks alongside pension benefits as costs that sink troubled companies into bankruptcy.

Posted by Z Woof     on 05/18/2005 at 11:46 AM   
Filed Under: • Social-Security •  
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Not that very many people ever read this far down, but this blog was the creation of Allan Kelly and his friend Vilmar. Vilmar moved on to his own blog some time ago, and Allan ran this place alone until his sudden and unexpected death partway through 2006. We all miss him. A lot. Even though he is gone this site will always still be more than a little bit his. We who are left to carry on the BMEWS tradition owe him a great debt of gratitude, and we hope to be able to pay that back by following his last advice to us all:

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It's been a long strange trip without you Skipper, but thanks for pointing us in the right direction and giving us a swift kick in the behind to get us going. Keep lookin' down on us, will ya? Thanks.

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