Peterson's "Rigged" Drive to Cut Social Security

For Immediate Release

Contact: 

Sam Husseini, (202) 347-0020; or David Zupan, (541) 484-9167

Peterson's "Rigged" Drive to Cut Social Security

WASHINGTON - BARBARA KENNELLY, PAMELA TAINTER
CAUSEY

Kennelly is president of the National
Committee to Preserve Social Security
; Causey is communications
director for the group, which has written several pieces that critique
the Peterson Foundation including "Ahhh ... the Good Old Days ...
Debtor's Prisons and No Entitlements" and "The Campaign Against Social
Security." See: http://www.ncpssm.org/entitledtoknow/?tag=pete-peterson

DEAN BAKER

Co-director of the Center for Economic
and Policy Research
, Baker is author of the new book "Taking
Economics Seriously." He just wrote the piece "America
Speaks Back: Derailing the Drive to Cut Social Security and Medicare
,"
which states: "Next weekend will feature another milestone in the drive
to cut Social Security and Medicare. The organization America Speaks
will be hosting a series of 20 meetings in cities across the country.
They will ask the people at these meetings, a cross section of the
nation, to come up with proposals for dealing with the country's
projected long-term budget deficit.

"The way the problem is outlined for these meetings virtually
guarantees that most of the participants will opt for big cuts to Social
Security and Medicare. The results of this song-and-dance exercise will
then be presented to President Obama's fiscal responsibility commission
on June 30, which will use it as further ammunition for plans by its
co-chairs to gut these programs.

"The rigged deck approach should come as no surprise. America Speaks
is largely funded by Peter G. Peterson, the investment banker
billionaire who has been on a decades-long crusade to gut these
programs. In recent years, Peterson has redoubled his efforts,
committing more than a billion dollars to a wide variety of groups in
addition to America Speaks. To advance his agenda Peterson has even set
up a fake news service, the Fiscal Times. To fill the staff, Peterson's
son hired a number of reputable reporters who were displaced by the
collapse of the newspaper industry."

Baker will be at Politics and Prose on Wednesday evening in
Washington, D.C. to discuss his latest book "Taking Economics Seriously"
in which he argues that the free market is a myth, given corporate
interests in government interventions. He is also author of "False
Profits: Recovering from the Bubble Economy" and "The Conservative Nanny
State." Baker writes a blog on economic reporting,
Beat the Press.

###

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