The debate over austerity measures is causing riots and international strikes in Europe, but many Americans regard them as necessary to address the debt "crisis" that has resulted from 30 years of irresponsible government by both major parties. The real problem is the American system of corporate welfare. The solution is to make support of a constitutional amendment to get special interests out of financing elections.

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Members of Congress argue that the only way out of the debt they created is to impose austerity measures that target the social safety net provided by Medicare and Social Security. These are the primary protections against the depredations of a system that puts the interests of the rich over those of ordinary citizens. Their proposed solution to the problem of their own making is to protect the wealthy individuals who fund their campaigns and neglect the needs of the people who actually elected them. While this strategy is provoking riots and international strikes in Europe, many Americans accept this as a sensible solution. They fail to understand some basic facts.

The debt that the US has accumulated since the Reagan years is the result of a system of corporate welfare that has left the American and world economy in a shambles. Both parties have promoted globalization, shifting jobs to third world nations. They have given tax breaks to corporations and "job creators" who ship these jobs overseas, deregulated banks that taxpayers had to bail out and privatized essential government functions to profited corporations by degrading services and making them more expensive, all to maximum profits for the investor class.

The real reason for the debt "crisis" is that the US government has deeply indebted taxpayers to private banks, promoting private profits over investment in the social and economic infrastructure that made America great in the first place. In Iceland, they threw out those in Parliament responsible for transferring  private debt to taxpayers and prosecuted the banksters who took illegal advantage of their privileged position. Instead of passively assuming the debt their government tried to foist on them, they repudiated much of the debt that had been assumed in their name. We can do the same here, but only by first ending the ability of special interests to buy members of Congress of their choice by financing their elections.

A look at changing US demographics shows that unregulated capitalism will inevitably fail. Developed nations always see a drop in birthrate as women are empowered to have more control over their bodies and to participate in the economy. This means that over time, a smaller and younger work force has to generate the tax base necessary to fund essential government functions and to assure that retirees have the security afforded by Social Security and Medicare. This is the reason that we are in a real crisis with Medicare. Baby Boomers are retiring in record numbers at the same time that a generation of young Americans are facing the most dismal job prospects in American history. It is unconscionable that older Americans expect their grandchildren to provide for their retirements while denying them the opportunities that allowed them to prosper during their working lives.

It will take an entirely new economic model to move the country forward and assure that our children can enjoy the American dream. We must elect leaders who will challenge the system of corporate welfare that is bankrupting the nation. We can then have an honest debate about how and why making Medicare universally available will dramatically cut the costs of healthcare, eliminate 60% of bankruptcies and assure that no one need choose between food and necessary health care. They can also fix Social Security easily by removing the cap on the FICA tax so that the rich pay their fair share.

We also have to realize that no economy can be built on the idea of endless growth. The resources of the planet are finite. If we expect human civilization to survive the coming global climate catastrophe we are beginning to see in Sandy, Katrina and a unprecedented number of other major storms, we must create an environmentally sustainable economy by promoting local production of food and goods, converting to sustainable energy sources and reducing carbon emissions through tax incentives. This will require that those who have profited in this collapsing economy pay their fair share. The Bush tax cuts must be allowed to expire and corporate tax cuts need to be tied to job creation. We cannot afford to give highly profitable corporations like Exxon and General Electric to reap billions in tax rebates while average Americans lose their homes.

To make Congress accountable to We the People, we must make them pledge to support amending the constitution to ban corporate campaign expenditures, limit individual donations to influence elections and abolish corporate personhood. It is too late to make this a campaign issue in 2012 but not too early to begin making it an issue in 2014.

You can learn more about the Pledge to Amend campaign here: http://www.soldiersforpeaceinternational.org/p/pledge-to-amend-campaign.html

Authors Website: http://www.soldiersforpeaceinternational.org

Authors Bio:

I am a former Army and VA psychiatrist who ran for the US Senate in 2010 on a campaign based on a pledge to introduce a constitutional amendment to abolish corporate personhood and regulate campaign finance.

A constitutional amendment banning corporate campaign expenditures and limiting or abolishing individual donations spent to influence elections is an essential step to getting back on the path to democracy.

I am convinced that the only way to do this is to make support for such an amendment a campaign issue. That way, we can easily see who wants to get in Congress to represent We the People and who want to serve our interests over those of corporations who currently control the US government.

I believe that it is possible to end war, address climate change and provide health care to all if we can prove that democracy is possible. Unless we can awaken enough Americans to the fact that their government is pursuing an agenda of corporate imperialism that will enslave them along with the rest of the world if not reclaimed by We the People, we will leave our children with a legacy of pain for which we cannot be forgiven.

Ultimately, endless war is a symptom of a disease that will destroy human civilization if not eradicated. There is no "us" vs "them." Our fates are intertwined. None of us gets out alive. The question is, how will we have lived?