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