[news] Social Insecurity - The Phony Pension Crisis

[Resist!ca]

By Eugene Plawiuk George Bush announced his plan to "reform" Social Security in his State of the Union address this week. Of course the plan is not to increase funding for Social Security but to allow for the privatization of social security and consequently a reduction in benefits. He would do well to look east to Russia which has done just that, and the consequences have been thousands of Baba's in the streets protesting against Putin. (See Russia's Patriotic Faction Plans Hunger Strike Protesting Pension Reform Moscow News Stories on Pension Reform Crisis in Russia) The attack on workers pensions and on social security is now another peg in the agenda of global free trade and the privatization of the State. It is occurring world wide, in Britain, France, Germany, Italy, in the majority of G8 and G20 industrialized countries workers are seeing attacks on both social security and on their workplace pensions. Read the rest of the article at Le Revue Gauche: http://plawiuk.blogspot.com/

URL: http://resist.ca/story/2005/2/23/3355/22822