In the last 10 years the U.S. ruling class busted the budget engaging in wars of aggression in the Middle East and South Asia. They busted the budget giving tax cuts to the wealthiest Americans. The Bush Administration was given war authorization with overwhelming support from both Democrats and Republicans while the Bush tax cuts passed with enough Democrats voting for them to avoid a filibuster. Directly or indirectly, the two parties of Wall Street and big business ensured that the taxes paid by working people went to finance the gluttony of rich bankers, military contractors and big business in general.
So now, having sent the public debt even higher into the stratosphere by bailing out Wall Street after the crash of ’08, they want to make it possible to meet these new obligations by gutting spending on programs for poor and working people. A big part of these cuts will be the continuation of massive layoffs of public sector workers.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Sunday, March 14, 2010
The Obama Spending Freeze — Opening Salvo for Deeper Attacks on Social Programs
from Socialist Alternative.