Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Thursday, August 23, 2012

Threats to Social Security


Social Security, one of the hallmarks of America's greatness, and one of the anchors of a strong middle class. 

The far right-wing, which has now hijacked the GOP, has always hated Social Security, the only reasons being ideological, favoring a Social Darwinism, the winner-take-all version of economics.
Privatizing, even a small portion of SS, would reap billions for Wall Street, and in the end, speed up the transfer of wealth in this nation from the many to the few.

And if Wall Street fulfills its own nature, the billions given to it will mostly be lost, and we'll see again Hoover's poor houses and the further collapse of the Middle Class. 

Romney/Ryan/Rand - their perverted view of things will prevail, and the rest of America will be reduced to third-world status. 

Wednesday, June 29, 2011

From Huffington Post on Greece


Until I went over and witnessed what's happening, I too had become convinced that the real issues were the ones the media were obsessively covering: the effects of a potential sovereign default on the Euro and worries about the crisis spreading to other European countries.
But here's the bigger issue: Can a truly democratic movement break the stranglehold of corrupt elites and powerful anti-democratic institutional forces that have come to characterize not just the politics of Greece, but most Western democracies, including our own? Greece is only an extreme example of an unfolding seismic social shift that is challenging democracies the world over.
Ms. Huffington looks at the issues and reminds us that more is at stake in Greece and in the Western nations than austerity.
The wealthy want tax cuts, so that more cash can flow into their coffers, so they can fund their corporate jets and lavish life-styles.
But taxation is what makes nations work well. 
Adequate revenue insures medical research, education for our children, fighting wild fires in Texas, helping folks who've lost their homes in flooding, building and maintaining our roads and water-delivery systems, and a million other things that only a nation can offer. 
Democracy is clearly at stake in Greece and throughout the Western world.