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