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You are here News Economy Class Warfare Jeopardizing American Workers' Security

Class Warfare Jeopardizing American Workers' Security

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Warren Buffett once said:

"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning," Obama's deficit-cutting agenda the latest battle.

"Is cutting the public debt really an objective economic necessity, or is it actually a deeply political stance, reflecting the interests of the business and financial elites?"

"The great 30-year experiment in 401(k) and similar retirement financing schemes that depend on stock market investments has failed. Even before the" 2008 crash, it was clear, the signs "everywhere that very few workers would be able to accumulate enough wealth through these accounts to insure" their retirement futures.

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