So called "conservatives" in the US are promoting austerity policies similar to the ones being pursued in Britain including those tax cuts for the rich. Meanwhile, there is push back as 300 economists and analysts warn that the "deficit hawks" who appear to be gaining the upper hand in our economic debates are threatening to turn an already deeply painful recession into a full-blown depression.
"The experts warned that the American economy now stands at a crucial juncture. They acknowledged that public debt is mounting, and presented a choice of two different paths to right the ship: imposing fiscal "austerity" today, in the midst of the most serious downturn since the Great Depression, or investing in the American economy -- with public spending over the short term -- in order to grow our way out of the red ink."
The alternatives are clear. Which side are you on? Denial is no longer an option
A group called One Nation is mobilizing a march on Washington for jobs and justice on October 2. Will it be big enough and noisy enough to make a difference?
News Dissector Danny Schechter directed Plunder The Crime of Our Time. A new excerpt is on You Tube. For more information on my film and book.
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