Monday, November 14, 2011

Greedy Geezers

To be able to attack Social Security the GOP and its backers are pushing the "greedy Geezer" stereotype. All old people are rich. They just want more money. Supporting the rich geezers simply means generational "warfare" between them and the young whose taxes pay for those benefits.

Terrence Heath looks at a revised measure of poverty among the elderly and finds they're just as poor as everyone else. Those older than 55 were hit especially hard in this recession. The greedy geezer is a myth.

Heath takes a look at the 1% who actually deserve all we can do for them. These are our veterans, and they are very much a part of the 99%.

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