Wanker Of The Day

May 12th, 2010at 11:11am Posted by Eli

Pete Peterson:

While a Social Security fix would cure only a small part of the country’s long-term fiscal shortfall, it could pay big dividends in terms of the U.S. standing internationally, deficit hawks say. “It would be a confidence builder with our foreign lenders,” said Pete Peterson at a recent fiscal summit organized by his foundation, the Peter G. Peterson Foundation.

In other words, Peterson doesn’t think cutting Social Security would actually fix the deficit – he just thinks cutting Social Security is awesome.  Which, as Dean Baker points out, it’s not.

Entry Filed under: Economy,Politics,Republicans,Social Security,Wankers


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