Tuesday, February 22, 2005

The rehabilitation of LaRouche and his followers

Twenty years ago I would occasionally read Lyndon LaRouche media and say he is 80-90% wrong but he is accurate but slanted on history. I noticed in the last elections that I agreed with 60-70% of what his articles had and he was clearly right about Bush. The latest media a friend picked up from a Democratic party meeting I agree with 90%.

Have I changed my opinion that he is an egomaniacal fraud who exploits his followers and is basically a political cult?
No, but I am now thinking his followers are doing legitimate research. The fact he is now going after the Social Security privatization deceit which he predicted that Bush would turn to next probably accounts for the degree of my agreement with his publications today.

This is a link to a LaRouche site which had this interview with Social Security Trustee Thomas Saving
"The Social Security Trust Fund holds $1.5 trillion of U.S. Treasury bonds. Are you saying the government should default on the bonds?" Saving said, "We will honor the bonds." EIR: "Then the Trust Fund can use the interest from the bonds." Saving said, "The interest on the bond is a fiction, it's not real." EIR pursued the point. "The Treasury pays interest on Treasury bonds held by the Chinese and Japanese. That is real. Why isn't the interest owed to American bond-holders real?" Saving snapped, "We have to pay interest to the Chinese and Japanese. We can decide to break the rules. 535 people [i.e., the Congress] can rule that the bonds don't have to pay interest" to the Trust Fund.

Saving is a Social Security Trustee. Should he not be removed?

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