American Economic Disaster in the Making
As Bob Herbert succinctly summarizes in his NY Times Op-Ed today, Our great recession is slashing the very things we need most -- education, medical care, and, of course, jobs.
I frankly don't see where we can go from here. We have allowed our big money institutions to sabotage our financial system, waste monies on things like 'wars' and far too much military stuff to go on fighting the cold war against the Soviet Union which no longer exists -- substitute some Muslim radicals who are using our military presence in their countries to excuse their own slaughters of innocents. Needless to say our military presence in 150+ nations both generates resentments against us and is bankrupting us! We live now in the 21st century where economic competition is the name of the game and our Supreme court has now opened the door to corporations -- dominated in some instance by other nations -- to compete freely in funding our political candidates.
We are a nation divided increasingly into the super rich and those struggling to survive -- or if Health Reform fails are having to chose between death by hunger and expulsion from their homes or lack of medical care guaranteed to all major democracies and paid for by their wealthy who have had their taxes here dropped to incredible lows. There is even talk of sales tax increases which hit poor and rich alike -- in amounts, but, of course, not in effects.
How many hungry kids do we have in this country? One state is talking now of dropping their medical coverage. Ironically our Roman Catholic bishops and Pope are opposing health care reform while their own nurses and our doctors are supporting it.
We are daily becoming less and less of a democracy and more and more the domain of the super rich. Even the concept of the "public interest" is under attack by the right wingers! Such is hard to believe, but so it seems to be -- only in Amerika.
A Ruinous Meltdown
By BOB HERBERT
As the states face fiscal ruin, severe budget cuts across
the country are undermining economic recovery.
http://www.nytimes.com/2010/03/20/opinion/20herbert.html?th&emc=th
--
"A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope." (Livy cited by Machiavelli)
--
Ed Kent [blind copies]
I frankly don't see where we can go from here. We have allowed our big money institutions to sabotage our financial system, waste monies on things like 'wars' and far too much military stuff to go on fighting the cold war against the Soviet Union which no longer exists -- substitute some Muslim radicals who are using our military presence in their countries to excuse their own slaughters of innocents. Needless to say our military presence in 150+ nations both generates resentments against us and is bankrupting us! We live now in the 21st century where economic competition is the name of the game and our Supreme court has now opened the door to corporations -- dominated in some instance by other nations -- to compete freely in funding our political candidates.
We are a nation divided increasingly into the super rich and those struggling to survive -- or if Health Reform fails are having to chose between death by hunger and expulsion from their homes or lack of medical care guaranteed to all major democracies and paid for by their wealthy who have had their taxes here dropped to incredible lows. There is even talk of sales tax increases which hit poor and rich alike -- in amounts, but, of course, not in effects.
How many hungry kids do we have in this country? One state is talking now of dropping their medical coverage. Ironically our Roman Catholic bishops and Pope are opposing health care reform while their own nurses and our doctors are supporting it.
We are daily becoming less and less of a democracy and more and more the domain of the super rich. Even the concept of the "public interest" is under attack by the right wingers! Such is hard to believe, but so it seems to be -- only in Amerika.
A Ruinous Meltdown
By BOB HERBERT
As the states face fiscal ruin, severe budget cuts across
the country are undermining economic recovery.
http://www.nytimes.com/2010/03/20/opinion/20herbert.html?th&emc=th
--
"A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope." (Livy cited by Machiavelli)
--
Ed Kent [blind copies]
posted by Ed Kent at 8:22 AM
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