Saturday, October 22, 2011

The Third Pillar of Retirement about to be Sacrificed to Wall Street.

What I like most about Rachel Maddow is her ability to take short term issues and extrapolate their long term effects.

Here Maddow presents the three "pillars" of retirement. The first two pillars were eventually privatized, resulting in the loss of their effectiveness, and subject to massive monetary losses due to Wall Street recklessness. She warns that Republicans, like Paul Ryan and his fellow band of thieves, will eventually do the same to Social Security. It's a given considering the history of the first two pillars of retirement.

Former IMF chief economist Simon Johnson breaks it down enough where even the most conservative low information voter can understand the gamble isn't worth the ideological price.

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