Of course, Pelosi works for capitalists and is here to defend their system –
but she does feel the forces of anti-capitalist sentiments rising and think she
had to acknowledge that – but certainly the article does.
People like Pelosi – imo – follow power and will be wherever they detect power
is moving. The socialist payoff may be much less, or even nothing, but if
capitalism is going down, she will jump ship – again IMO.
The future of anything like IRA has been threatened by Elite control of government
where criminal legislators have corrupted Social Security to move it from a system
which was “pay as you go” to a system which has been forced to raise huge surplus
amounts which have since served as “slush funds” for the rich and used for wars and
tax cuts for the rich. These surpluses have over-burdened average citizens who are
the primary supporters of Social Security since SS FICA payments by the wealthy have
not been increased, nor has the ceiling on earnings been increased in a very long time.
Used to be automatic.
PLUS Social Security is now also threatened by 10 years of pretty much elimination of
COLA’s while we have had inflation at rates even higher than 6.5%.
So – anything that depends on future payoff has to be judged by our governments criminal
intrusions on these programs. COLA’s were intended to keep the “paycheck/pension” honest.
However, as we saw during Obama’s reign where he stopped the SS COLA’s for two full
years and then assigned decisions about resuming them and how they would resume to the
GOP/Alan Simpson, a lifelong opponent of Social Security. COLA’s now provide little or no relief.
Combined – we have betrayal by our own DP which has colluded with the right wing GOP and
its corporatist agenda in destroying these programs – and basically our futures.
All investments that pay off in some “future time” are threatened, naturally, by this criminality
of our own government.
The US government has been lying to the public about the rate of inflation since the Vietnam War.