Fiscal Cliff Postmortems
Act one of a multi-stage plan to destroy America's social contract.
by Stephen Lendman
Congressional profiles in courage are sorely lacking. Pretenders usually vote party line when asked or pressured.
No House or Senate member explained what constituents most need to know. Fiscal cliff hype reflects doublespeak duplicity. Previous articles explained.
America's social contract is targeted. Bipartisan complicity wants it eroded and destroyed. Heavy lifting comes later. Eleventh hour legislation ducked tough issues. The battle of 2013 awaits.
Expect something greater than August 2011's debt ceiling crisis. Version 2.0 will demand more pounds of flesh.
Republicans have Obama where they want him. They conceded on extending most expiring benefits. They settled for half the mandated $1.2 trillion sequester.
Get even time approaches. Expect post-inaugural hardball. Middle income and disadvantaged Americans will suffer most. Congressional takeaways will way exceed benefits given.
They'll come incrementally. Obama and most Democrats support them. Eroding Social Security, Medicare, Medicaid and public pensions are prioritized. Privatizing and/or ending them altogether is planned longterm.
America's social contract will be downsized. Plans are to destroy it altogether. By 2023 or earlier, it may be entirely gone, or too little to matter will remain.
No one in Congress explains. Media scoundrels are silent. What most people need to know, they're not told. A rude awakening awaits. It's not the America this writer grew up in.
Post-WW II, anyone wanting work found it. High pay/good benefit jobs were plentiful. Economic growth provided them. America was unchallenged economically. Its manufacturing base hadn't moved offshore.
Union representation was high. New Deal/Great Society programs hadn't eroded.
Real inflation was low. Today it's around 9% based on how calculated decades earlier. New homes, cars, and other major purchases were affordable.