Wednesday, February 27, 2013

The Age of the Robber Barons? Neo-Feudalism? Political Treason? What Do You Call it?

Too big to fail, too sociopathic and greedy to care. And we're paying for it, every bit. Today, Richard Eskow wrote that, "The President’s “sequester” offer slashes non-defense spending by $830 billion over the next ten years. That happens to be the precise amount we’re implicitly giving Wall Street’s biggest banks over the same time period. We’re collecting nothing from the big banks in return for our generosity.  Instead we’re demanding sacrifice from the elderly, the disabled, the poor, the young, the middle class – pretty much everybody, in fact, who isn’t “too big to fail.”

Which is flat-out fucking disgusting. Yet, when I listen to people as I'm out and about, it seems like most don't have a clue about what's going on, and how it's 100% the CHOICE of our lawmakers - in spite of how much said lawmakers pretend to bitch and moan about it.

600,000 people will be cut off from food stamps, at a time when the program is seeing unprecedented levels of need. Many of the recipients are children! Children are going to go hungry (are going hungry), so that big banks, Wall Street, and huge, profitable industries can get massive tax breaks and other taxpayer subsidies. In other words, entitlements. Corporate Entitlements. The biggest kind going. 

We're looking at 700,000 public sector jobs lost, at a time when domestic jobs are desperately needed. 12 billion dollars in Medicare cuts. 70,000 kids dropped from Head Start programs. Those receiving unemployment will see their checks cut by an average of $137.00 per month.Thousands of teachers laid off. This is what our legislators are allowing to happen. Choosing to have happen.  Meanwhile, most of the Bush tax cuts for the richest Americans have been preserved, and Wall Street is generating ginormous profits. Yet where are the bills proposing a Wall Street transaction tax? You guessed it. Nowhere to be found.

Make no mistake, this is Obama's sequester. Yes, both parties are to blame, and naturally the repugs are delighted at the slashing of social programs But Obama wants this, and refuses to end it. He refused to end it back in 2011. And neither Obama or the Dems have called for a clean bill to simply end the sequester and its destructive automatic cuts.

Obama is determined to cut Social Security and Medicare. Determined as hell, actually. If you'll recall, it was Obama who first offered to do so. That hasn't changed! As William Black notes:
 Obama’s newest budget offer includes cuts to the safety net and provides that 2/3 of the austerity inflicted would consist of spending cuts instead of tax increases.  When that package is one’s starting  position the end result of any deal will be far worse. 

Shamus Cooke adds that Obama "personally began this process by creating the 'deficit reduction commission' that helped shape the cuts (keep in mind there is zero debt crisis that calls for such drastic measures)." Did you catch that? No debt crisis. The deficit has dramatically fallen. These austerity measures are destructive and 100% unnecessary, and will be the kiss of death for the economy.


Blogger Father Tyme said...

I wish I could put into words the disgust and betrayal I feel from this piece of shit and those who are agreeing with him.

Talk about two faced! The man is a walking, talking political pile of shit so high you'd need to climb the Washington Monument to even get to his bottom.

Barry Obama - He's 'barrying' America.

What a fucking prick.

I said it before and I'll say it again, there will never be another African-American President after what this drek filled dung heap is doing to us so he can rub dicks with his wealthy friends who will benefit even more.

If your ass hurts, thank Obama.
Thanks for the choice Democrats.

10:05 PM  
Blogger Anna Van Z said...

Agreed. It's just stunning.

And also disturbing is how few Americans seem to acknowledge what's actually happening. The public sector and all our resources are being dismantled before our very eyes - by the people who are supposed to be representing us!

What MORE has to happen before most folks GET IT???!!

10:24 PM  

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