Tomorrow the Congress and the President will decide who or what will be sacrificed to the gods of sequestration. Will it be Social Security, Medicare, Medicade, education and food stamps -- or will the giant corporations, many of which have managed to pay no taxes at all, be dunned to pay enough taxes to cover any short fall. Surely 99% of all Americans would vote for the latter ...but most of the Congress has been paid off by the 1% and Obama is under easily imaginable pressure.

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Sanders on Sequestration

AS ELECTION DAY APPROACHES TV VIEWERS ARE ASSAULTED DAILY BY PARTISAN POLITICAL ADS. ONE OF THEM FEATURES AN ELDERLY GENTLEMAN CLAIMING HE GREW UP IN A SOCIALIST COUNTRY WHERE EVERYONE GREW POORER BECAUSE THEY WERE DE-INCENTIVIZED BY GOVERNMENT HANDOUTS. SO (NEVER MIND THAT THERE ARE ABOUT 5 JOB SEEKERS FOR EVERY AVAILABLE JOB IN THE U.S.) HE ADVOCATES VOTING FOR THE PARTY THAT PROMISES TO CUT SOCIAL SECURITY (NEVER MIND THAT IT IS PREPAID BY PAYROLL TAXES), FOOD STAMPS (LET THEM STARVE), AND MEDICARE (LET THEM SUFFER). YET BOTH PARTIES, ONCE ELECTED TO HIGH OFFICE (AND LOOKING FOR CAMPAIGN CONTRIBUTIONS), PASS LAWS GIVING AWAY OBSCENE AMOUNTS OF TAXPAYER MONEY TO THE GIANT CORPORATIONS (e.g. WALMART) AND THE FILTHY RICH (e.g. GEORGE W BUSH) DE-INCENTIVIZING THEM FROM EVER DOING ANYTHING BENEFITING THE LOWLY TAXPAYER.

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Free Lunch, Corp Welfare, Bill Moyers and David Cay Johnston 

http://youtu.be/LUNHwZVgLB8

Uploaded by litxlit on Feb 1, 2008 

A discussion of tax subsidies to large corporations and high income individuals, including "big box" stores and wealthy members of the federal government, at the expense of small businesses and taxpayers.
  

David Cay Johnston: Socialism

http://youtu.be/jFEVazV6WYM

Published on Mar 10, 2012 by JayAckroyd 

David, author of Free Lunch and Perfectly Legal describes the lifestyle of bus drivers in Sweden. They own two houses, free and clear.

MICHAEL HUDSON: "The Federal Reserve, by bailing out Wall Street, spent $13 trillion, more than tripling America's public debt just to give it away to Wall Street for the money that it had gambled and lost." RICHARD D WOLFF: "The reason we have a suddenly humungous deficit is because we had a failure of our private capitalist system, and that the government has come in to hold it up, to rescue it... When the government shores it up and borrows tremendous amounts of money ... it wants to make the people who pay for this be the poor people on Medicaid, the old people on Medicare."

  theREALnews

Debt and a Broken System

Hudson and Wolff: Massive public debt incurred to bail out a broken private system


Original with full transcript here.

Bio

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), 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). ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne).