In these times of the deficit mantra that big government spending must be cut, our elected politicians create crisis after crisis. The Postal Service and Social Security, both self sustained by users and not taking tax revenues, are supposedly contributing to the national deficit. The Medicare system, which is by law not allowed competitive bidding for prescription drugs, is going bust. They must be cut, cut, cut.
Deficit reduction measures never address the $1.3 trillion+ government bailout of Wall St. and the European Central Banks that are considered "too big to fail". It was government deregulation of the financial sector that allowed the casino capitalism of Wall St. They lost, but we pay. Socialism for the rich. Predatory capitalism, preying on working people and the unemployed, for the rest. The $5 billion a day squandered on misguided war efforts we're supposedly pulling out of, is off the table for discussion, as are tax cuts that benefit the wealthy.
If Wall St. is "too big to fail", then why not the states? As the federal government cuts aide to the states, states cut services to the public. New York state legislature and governor agreed to cut state programs $450 million and at the same time repeal the state's millionaire's tax. 3,500 state workers have received lay off notices, and state services will be significantly curtailed. We are asked to tighten our belts, to sacrifice in our collective time of increasing need for social services. The millionaires have no need for these services, so why should they pay their share? We have no need for hedge funds or central banks, so why should we bail them out? Professor Noam Chomsky writes: "As long as the general population is passive, apathetic, diverted to consumerism or hatred of the vulnerable, the powerful can do as they please, and those who survive will be left to contemplate the outcome". Unfettered greed resulted in the destruction of the world economy as well as the earth's environment. When corporations, government, and the corporate media merge, we have arrived at the final stage of predatory capitalism where it starts to devour itself as well as everyone else.
The Occupy Wall St. movement sprang up in response to young people seeing no future. The vast inequality of Wall St. and corporations enjoying record profits and low or no taxes is in stark contrast with students graduating with no job prospects and tens of thousands in student loan debt. The corrupted media repeats the fictitious official government unemployment rate, while the real rate is double. The classic response to political awakening is the media's ignoring, then ridiculing, followed by police repression. What started with hundreds occupying Liberty Park is now tens of thousands in cities across America demanding economic and environmental justice. The corporate media's counterfeit narrative doesn't get it, the failed system's corruption is beyond reform and recovery. It's incomprehensible to them that people have had enough of profit over life. One in five Americans lives in poverty, one in four children. That corporate greed and war are bleeding us dry, is verboten, can not be spoken on CNN. They are in the business of creating realty, fostering fear, passivity cynicism and apathy. The people sleeping on cold stone in Liberty Square have sparked an awakening in America. The rest of the world is wondering what took us so long.