Friday, October 5, 2012

Unmasking the most influential billionaire in U.S. politics - latimes.com

Peterson's influence in national politics stems largely from his ability to make his interests appear eclectic and nonpartisan.

He isn't content merely to express concern about the federal deficit. His particular targets are Social Security, Medicare and Medicaid, which he calls "entitlement" programs and which he wants to cut back in a manner that would strike deeply at the middle class.

Many beneficiaries of Peterson grants are, like the high school syllabus, initiatives sounding the alarm on the federal deficit. And although everyone agrees that too much borrowing can be bad for the country, the real question is what to do about it.

Unmasking the most influential billionaire in U.S. politics - latimes.com

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