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Heading Toward Economic Ruin

By       Message Stephen Lendman       (Page 1 of 6 pages)     Permalink    (# of views)   3 comments

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Heading Toward Economic Ruin - by Stephen Lendman

Bad policies assure bad results. Destructive ones assure calamities. Well before Obama took office, bipartisan initiatives plotted a course for disaster. 

Bush accelerated it. Obama much more, so today America hangs on the precipice of what a previous article called the banana republicanization of America - a kleptocracy run by corrupt politicians and corporate crooks, scamming the public with austerity, debt peonage, and banker occupation, heading them toward mass impoverishment, misery and neo-serfdom.

Washington's current debt ceiling/budget debate centers around slashing entitlements and other social benefits to avoid a manufactured looming crisis. Off the table, however, are: 

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-- cutting military expenditures minimally in half, ideally much more, including closing overseas bases, reducing force levels, ending foreign occupations, and renouncing imperial wars; 

-- taxing speculators and the rich;

-- making corporations pay their fair share;

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-- strengthening America's social contract, not destroying it;

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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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