REQUIRED WATCH FOR ANYONE WHO THINKS THAT SOCIAL SECURITY "NEEDS" TO BE CUT, OR WORSE, PRIVATIZED!!! MICHAEL HUDSON, ONE OF THE TOP TWO OR THREE ECONONOMISTS IN THE COUNTRY WHO HAVE NOT BEEN BOUGHT OFF BY WALLSTREET, DOES NOT MINCE WORDS IN THIS COGENT EXPOSE OF THE NON-EXISTANT FISCAL CLIFF CURRENTLY BEING SOLD AS AN EXCUSE TO FINALLY GIVE WALL STREET IT'S FONDEST WISH: STEALING THE SAFTY NET OF THE 99% WHOSE PAYROLL TAX RATES (HIGHER THAN MITT ROMNEY'S TOTAL TAX RATE) HAVE PREPAID SOCIAL SECURITY AND MEDICARE FOR DECADES INTO THE FUTURE.

---

 theREALnews                                                                               Permalink

November 25, 2012

Fiscal Cliff An Artificial Crisis

Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people
Watch full multipart Fiscal Cliff An Artificial Crisis


Bio 

Michael Hudson is a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). His most recent book is "Beyond the Bubble."