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immoderate
immoderate's Journal
immoderate's Journal
April 11, 2013
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10054
On edit: A link to the video. Quite informative.
--imm
Economist Michael Hudson: "...this is pure, naked class war."
HUDSON: Well, it's sort of like The Hound of the Baskervilles, where Sherlock Holmes said the important thing is that the dogs didn't bark. When the government printed $13 trillion to give to the banks after the 2008 breakdown, nobody complained at all about the fact that the government can simply print the money, pour it into the economy, and do something. Nobody's complaining about the increased war spending that we're doing, the waste that the Pentagon [incompr.] war.
Why is it that all these complaints are only focused on one particular small part of the budget, Social Security and medical care and health care? And the reason is this is pure, naked class war. There's no other word for it. You can't believe that people are being honest when they don't talk about the whole budget or the overall economy when they're singlemindedly tunnel-visioned, focused only on how do we pay retirees less, so that we can give the bankers more when President Obama continues the bank deregulation he's doing. You have the idea that they're cutting back pensioners, cutting back Social Security, in order to be able for the next big bank bailout.
Why is it that all these complaints are only focused on one particular small part of the budget, Social Security and medical care and health care? And the reason is this is pure, naked class war. There's no other word for it. You can't believe that people are being honest when they don't talk about the whole budget or the overall economy when they're singlemindedly tunnel-visioned, focused only on how do we pay retirees less, so that we can give the bankers more when President Obama continues the bank deregulation he's doing. You have the idea that they're cutting back pensioners, cutting back Social Security, in order to be able for the next big bank bailout.
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=10054
On edit: A link to the video. Quite informative.
--imm
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