Every year at this time, an important phrase marks the season: peace on earth and goodwill towards men. It's so common we sometimes forget about what it really means - that we strive for a world without war, a society where we respect and help our neighbors, a place where we protect and uplift our most in need. This isn't a phrase we should live by for one day or one month. It's a set of values that must bond and motivate us every day.
Utilities used deregulation to effect a series of mergers limiting competition. In order to accelerate profits, cost cutting ensued, involving the layoff of thousands of utility company employees, including some who were responsible for maintenance of generation, transmission, and distribution systems. A number of investor-owned utilities stopped investing in the maintenance and repair of their own equipment, and, instead, cut costs to enhance the value of their stock rather than spending money to enhance the value of their service.
First of all, the Social Security money belongs to Main Street, not to Wall Street. It needs to be said very clearly here that privatization is off the table... Social Security, as a matter of fact, is a better investment now than the stock market. There's a higher return. There's guaranteed cost-of-living increases. Privatization you have to worry about the value of your account.
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