Dean Baker: Celebrate the Defeat of the Granny Bashers!

It isn't often that progressives in the United States have much to celebrate. After all, the news has swung between bad and worse for most of the last three decades. That is why we should be celebrating the victory over the Campaign to Fix the Debt and its efforts to cut Social Security and Medicare.

Just to remind everyone, the Campaign to Fix the Debt (CFD) is yet another Peter Peterson inspired initiative that has as its main goal cutting and/or privatizing Social Security and Medicare. Peterson has used the billions of dollars he earned as a Wall Street investment banker and private equity fund manager to finance a whole slew of Washington-based outfits for this purpose over the last two decades.