Will Obama Go After Social Security? My Editor and I Have a Bet

By Joshua Holland, AlterNet
Posted on February 26, 2009, Printed on February 26, 2009
http://www.alternet.org/story/128915/

I have a bet with my editor, Jan Frel. He thinks that President Barack Obama is going to go after Social Security. It's a huge honeypot sitting in a country that's had an enormous amount of wealth shaken out of it, and if it were looted, it might produce enough in fat management fees alone to resuscitate Wall Street's ailing financial giants.

Jan's not alone. William Greider, writing in The Nation, noted that "Governing elites in Washington and Wall Street have devised a fiendishly clever 'grand bargain' they want President Obama to embrace in the name of 'fiscal responsibility.' "