The biggest fish in this metaphor are, of course, the Wall Street banks who are owned and controlled by the ruling One Percent class. They also essentially "own" Congress.
On the Senate’s last day in session in December, it approved the government’s $1.1 trillion budget for coming fiscal year.
Few people realize how radical the new U.S. budget law was. Budget laws are supposed to decide simply what to fund and what to cut. A budget is not supposed to make new law, or to rewrite the law. But that is what happened, and it was radical.
.... Congress has just legislated the right to scale back pension funds if they’re managed by labor unions, e.g. on multi-employer contributors. This will hit blue collar labor the hardest, especially unionized building superintendents, and service workers.
Once this is done, the idea of rolling back pensions can spread to other kinds of pension funds besides union funds. State and local pensions, corporate pensions and even insurance company annuities can be cut back.
