Wednesday, May 12, 2010
In Real News
From The Real News Network
This story is really the central issue throughout the Western world. "Billionaires for Social Insecurity" as the folks over at Campaign for America's Future put it.
In the United States, right now, as we speak, millions of Americans are being forced into poverty by the demands of the banksters and looters of Wall Street and Our Ruling Class -- some of whom are featured in the videos above. Vampires like Alan Greenspan, Bob Rubin, and of course the Devil Himself, Peter G. Peterson.
Millions of Americans are being forced out of work, and many of them will never hold a job again. They won't pay into Social Security, and even without the Billionaires' ministrations, their benefits, if they receive any at all, will be substantially lower than if they were able to keep working. Millions are forced into bankruptcy every year, but in many cases they still have to pay off their credit card debts, which, thanks to Joe Biden's "bankruptcy reform act" is a protected form of debt which can be collected essentially in perpetuity.
And here we see our Billionaires quite openly conspiring to cut Social Security and Medicare further for one very simple reason: they don't want to have to pay taxes to make up for the shortfalls in the funds that have resulted from their various forms of corporate and finance sector welfare and their astonishing levels of tax cuts over the years.
In essence, they are openly refusing to be taxed, and they are daring anybody to do anything about it. They will, however, be delighted to consider taxing the lower orders sufficiently to pay for their ever expanding need for wars of aggression.
It's not just happening in Washington, it's happening all over the Western world -- and in many other places as well.
The recently announced bailout of the EuroZone is a plan to pay off the EuroCreditors at 100% of loan value, at the full expense of the People of Europe. They will suffer, as the billionaires think they should, for being profligate and complacent. The banksters who are demanding payment -- extortion, really -- will lose nothing, in fact they will be rewarded for their efforts to loot the treasuries of all of Europe.
And while all this and more is going on, we see continuing focus on Elena Kagan and her inadequacy.
It's sad, really. There are some people on the left-er side of the alternative media who are actually paying attention to this robbery in plain sight. Digby has been covering it extensively for years; it -- like the proliferation of Tasers in this country -- is her own private bailiwick. The mainstream media will only cover it to the extent that they are able to reinforce the faulty premises that underlie the crusade to cut already minimal benefits for millions. Most of the mainstream media is fully behind the Peterson crusade, and they cannot imagine that anyone would disagree.
But the sad thing is that much of the alternative media seems to agree with the deficit scolds and can't figure out that maybe the Petersons and the other billionaires who are pushing this line are wrong. Even if they did figure it out, they wouldn't know what to do about it.
The fact that the Obama White House and Congress apparently agree with Peterson, and practically the entire ruling class of Europe agrees as well -- in the face, of course, of having their own credit restricted -- is a tough nut to crack for many people who might otherwise be bold. The fact that the masses in Europe, but not here, are informed enough about the fraud, the pillage, and the sleight of hand that's being performed to rise up and protest is a hopeful sign.
But there is still no organized resistance.
We have fallen far down the cliff-face; many have already reached the bottom.
What will it take for Americans to say, "Enough!"