Ed Silverman, February 15, 2013
In
addition to cutting medicine costs, Medicare research could
President Obama was elected to deliver on more jobs and to protect Social Security and Medicare. We all know how well he's done on jobs. Now we see his approach to the two entitlement programs. God forbid, he should stop endless wars, military meddling, and cut back on the 1,000 U.S. military bases overseas. Saving mega contracts for the defense industry is clearly much more important than protecting two programs vital to the health and well being of citizens -- programs that can be optimized without needless benefit reductions.
Geithner's rhetoric as Chairman of the Social Security and Medicare Board of Trustees is the proof of Obama's alignment with The Money Party's position that the programs need serious cuts. He knows the story on his good friend Tim before he appointed him.
The president and Geithner don't care. They don't have to. Benefits, retirement, and an overly abundant lifestyle are guaranteed. All that's required is delivery on demand. The bosses need "change they can count on."
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