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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Michael Hudson on Obama's "Catfood" Social Security Reform | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="TByydjMFaS"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/04/michael-hudson-on-obamas-catfood-social-security-reform.html"&gt;Michael Hudson on Obama&#x2019;s &#x201C;Catfood&#x201D; Social Security Reform&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/04/michael-hudson-on-obamas-catfood-social-security-reform.html/embed#?secret=TByydjMFaS" width="600" height="338" title="&#x201C;Michael Hudson on Obama&#x2019;s &#x201C;Catfood&#x201D; Social Security Reform&#x201D; &#x2014; naked capitalism" data-secret="TByydjMFaS" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Michael Hudson, in a Real News Network interview, puts paid some of the key ideas used to sell catfood futures, um, Social Security and Medicare cuts, such as if we don't Do Something, interest on government bonds will eat the economy. He also gives a good explanation of what "chained CPI" is really all about.</description></oembed>

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