Kevin Zeese addresses the unfriendly to ordinary citizens end-of-2012 "fiscal deal" from Obama and Congress and the further challenges to come.
"... Congress passed a watered down fiscal cliff package that will raise taxes on everyone, but the worst is yet to come, and this “deficit cutting” measure contains some surprises.
"... Obama has been laying the ground work to cut social insurances since 2010.Read below the fold...
Re-POST from 4-8-10
Citigroup's Rubin's and Prince's "Duh" testimony in Congress about the financial crisis! So, sorry, America. We had no idea. Is that as good as the accountability gets?
Time to resurrect the story of Brooksley Born this week and try to sustain in our memory how clearly it indicts these masters of the universe who have gang-raped Americans of their financial security. The truth of Born's story won't be highlighted with any help from a corporate-loving media, unfortunately, or a Congress that colluded with the financial clique headed by Greenspan that "killed" messenger Born's message OVER A DECADE AGO. Read below the fold...
The following are excerpts from Danny Schechter’s article, “We Can't Let the Banksters Walk Away from Their Crimes”:
Although the financial crisis that swept the world may have started on Wall Street, it has brought down governments and shredded economic security worldwide, resulting in the loss of millions of jobs and homes as businesses collapse, foreclosures grow, credit tightens and communities are devastated.
Estimates of the damage run into the trillions.Read below the fold...
On Friday, the Government reported its 2010 Fiscal Year results. Here are some fragments from a “news” article in WaPo by Vincent Del Giudice.
The U.S. government posted its second straight annual budget deficit in excess of $1 trillion as lingering unemployment constrained tax revenue.
The shortfall totaled $1.294 trillion in the fiscal year ended Sept. 30, second only to the $1.416 trillion deficit in 2009, the Treasury Department said today in Washington. . . .
. . . The national debt totals more than $13 trillion, exceeding the size of the economy, unadjusted for inflation. . . .Read below the fold...