Michael Hudson: Obama’s “Cat Food” Social Security Reform

Jobs Not Cuts Rally on Capitol Hill

Image by David Sachs @ SEIU International via Flickr

by Michael Hudson
Writer, Dandelion Salad
Apr 11, 2013

TheRealNews on Apr 11, 2013

Michael Hudson: Obama’s “bargain” on social security reform will push more retirees into poverty in exchange for a minor increase in high end income tax – a class that receives most revenue from capital gains.


Michael Hudson is a former Wall Street economist. A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002) and Trade, Development and Foreign Debt: A History of Theories of Polarization v. Convergence in the World Economy. His book summarizing his economic theories, The Bubble and Beyond, is now available. His latest book is Finance Capitalism and Its Discontents. He can be reached via his website, mh@michael-hudson.com.

from the archives:

Richard Wolff VS Joseph Minarik: Debate on Social Security

Michael Hudson: Public Banking Needed to Stop “Cannibalization” of the Economy + Transcript

Government Debt and Deficits Are Not the Problem. Private Debt Is. by Michael Hudson

Michael Hudson: Economic Policy Deception

Erik Laursen: The War Against Social Security

How Congress Could Fix Its Budget Woes, Permanently by Ellen Brown

Kucinich: NO to #CatFoodChristmas + Bernie Sanders: If you change the CPI, you are raising taxes

4 thoughts on “Michael Hudson: Obama’s “Cat Food” Social Security Reform

  1. Pingback: Barack Obama at the White House Correspondents’ Dinner 2013 + Conan O’Brien | Dandelion Salad

  2. Pingback: Social Security Belongs To The Workers by Kathy Durkin | Dandelion Salad

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