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Sanders Warns Musk's Call for $700 Billion in Cuts Is a 'Prelude' to Social Security Privatization (www.commondreams.org)

submitted 5 months ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

17 comments fedilink hide all child comments

U.S. Sen. Bernie Sanders warned late Monday that billionaire Elon Musk's new call for up to $700 billion in cuts to mandatory federal spending is an alarming step in the direction of Social Security privatization, a longstanding—and deeply unpopular—goal of right-wing politicians and corporate-funded think tanks.

Musk, who is spearheading a large-scale assault on federal agencies and workers, told Fox Business host Larry Kudlow on Monday that "waste and fraud" in "entitlement spending"—a category that includes Social Security, Medicare, and Medicaid—is "the big one to eliminate," estimating that up to $700 billion could be cut from such programs.

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[–] seeigel@feddit.org 4 points 5 months ago* (last edited 5 months ago) (2 children)

It doesn't have to be a private company. Why don't workers privatize social security themselves and take the government and thus the influence of the billionaires out of the loop?

Create a cooperative that is owned by all working citizens who want to participate. There don't have to be profits.

[–] pelespirit@sh.itjust.works 3 points 5 months ago

Except there is a huge boomer population, with gen x on the back burner, that is already depending on it. Definitely, that should be an added option.

My only worry would be that the greeds would somehow get a hold of that too. They don't like to see others content with having a source of income they can't control.

[–] earphone843@sh.itjust.works 3 points 5 months ago

Because humans suck and it won't be long before that system is abused by people who will gladly destroy others for personal gain.