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Responsible Fiscal Cliff Resolution

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They're obligated only to shareholders. Their power has grown exponentially. They're out-of-control. They're rapacious predators. They make US policy. They write legislation Congress passes. Presidents dutifully enact it. It's high time that changed.

Dismantle destructive duopoly power. Replace it with multi-party direct democracy. Get money out of politics.

Break up big media. Make broadcasting a public utility. Airwaves belong to everyone. Business giants exploit it. Generous subsidies support them.

Prohibit corporate handouts, loopholes, and special benefits. Make corporations pay their fare share. Tax all profits equitably.

Mandate progressive taxation. Treat all forms of income equally.

Tax speculation. Impose a Tobin tax on large financial transactions.

Reinstitute Glass-Steagall. Decouple commercial from investment banks and insurers. Abolish the Commodity Futures Modernization Act. It legitimized swap agreements and other hybrid instruments.

It prevents regulatory oversight of derivatives and leveraging. It turned Wall Street crooks loose on unsuspecting investors. Fraud more than ever was institutionalized. It's Wall Street's business model.

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Giant banks make money by stealing it. Crooked politicians permit it. Predatory rapaciousness is institutionalized. America's 1% profits at the expense of others. Depression conditions harm growing millions. Reckless policies make it possible.

Mandate level playing field fairness. End monied corruption. Hold corporate bosses accountable. End America's student loan racket. Reenergize organized labor. Let workers bargain collectively with management fairly.

Save public education. Institute it at the college and graduate school levels. Establish universal healthcare. Everyone in. No one left out.

End America's permanent war policy. Prioritize peace. Close all overseas bases. Cut defense spending sharply. Use America's resources for productive economic growth.

Imagine priorities this beneficial. Imagine a country fit to live in. Imagine widespread activism committed to achieve it. It won't happen any other way. It never has. It never will. 

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Ordinary people are responsible for their own futures. They hold their fate in their own hands. It's their choice. Act responsibly or lose out entirely. America's on a fast track toward the worst of all possible worlds. 

Imagine mass activism unwilling to tolerate it. Beneficial social change could follow. Institutionalizing it could become policy. It that's not worth working for, what is?

Stephen Lendman lives in Chicago and can be reached at Email address removed

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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According MSN a deal has been reached but no one h... by Bill Johnson on Monday, Dec 31, 2012 at 8:40:15 PM