Government Plans New Attacks on Social Security and Medicare

March 9, 2004

Alan Greenspan, chairman of the Federal Reserve Board, recently called on Congress to slash future Social Security and Medicare benefits. Specifically, Greenspan called for raising the retirement age and cutting back on cost-of-living increases.

Many other government officials and agencies are again joining the chorus to create a hysteria about huge Social Security and Medicare deficits in coming years. This propaganda is also accompanied by calls for slashing benefits and/or privatizing these entitlement programs.

Of course, all this propaganda is a lie from start to finish. Right now, the Social Security Trust Funds has a surplus of $1.2 trillion. As for the future, it is obvious not only that our country has vast resources at its disposal but that every year, our productive capacity continues to grow.

The problem is not a lack of funds or resources. The problem is the government's priorities.

In fact, for several years, the government has been taking hundreds of billions of dollars out of the Social Security Trust Fund in order to pay for the huge deficits it is accumulating. These deficits are a direct result of the militarization of the economy and the robbery of the public treasury by the big corporations. In other words, the government has been helping the Pentagon arms merchants and other big capitalists steal from the funds set aside to guarantee the pensions of retired workers.

The working people should take full note of just what the capitalist government is planning.

Our country has reached a stage of development where all the economic needs and rights of the people can be met; we have at our disposal the means necessary to take a giant leap from the realm of necessity to the realm of freedom. But instead of going forward, the capitalist system and the capitalist government are throwing us backward - attacking even such elementary rights as the right to retirement after a lifetime of labor, the right to health care, the right to education, the right to a livelihood commensurate with our country's level of economic development, etc.

In other words, our country must resolve the fundamental issue: the economy for whom?

The working people must fight to insure that the very starting point of economic life and the government's program is to guarantee the rights of the people instead of the superprofits of the capitalists.