S & P's Downgrade Targets Entitlements - by Stephen Lendman
A previous article discussed the dirty game, accessed through the following link:
It explained bipartisan support for incrementally ending Social Security, Medicare and Medicaid, no matter that:
-- Medicaid provides essential healthcare for low-income beneficiaries, jointly funded by the states and Washington, managed at the state level.
-- In contrast, Social Security and Medicare are insurance programs, funded by worker-employer payroll tax deductions. They're contractual federal obligations to eligible recipients who qualify.
However, you'd never know it the way both programs are publicly discussed, explaining everything but the truth, including about S & P conspiring with Washington and Wall Street to end them as they're now structured to create greater profit opportunities for financial vultures, while, at the same time, shutting out growing millions losing what they can't afford.
On April 18, Standard & Poor (S & P) showed its hand, downgrading its rating on America to negative, saying: