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UCmeNdc

(9,601 posts)
Tue Nov 27, 2012, 12:30 PM Nov 2012

The push to fix the debt is a billionaire- and corporate-financed looting scam

Read that headline again. You knew it was billionaire-financed. You may not have known it’s a corp op as well (not that there’s much daylight between the billionaires and the corps). But mainly it’s just a looting scam, like the Bush (now Bush–Obama) Tax Cuts were nothing but a looting spree.

Who are the looters?

Let’s start here, on the financing, with this from The Professor (my emphasis everywhere):

[T]he deficit-scold movement … by the way, is a hydra-headed beast, comprising many organizations that turn out, on inspection, to be financed and run by more or less the same people; dig down into many of these groups’ back stories and you will, in particular, find Peter Peterson, the private-equity billionaire, playing a key role.

But the deficit scolds aren’t giving up. Now yet another organization, Fix the Debt, is campaigning for cuts to Social Security and Medicare, even while making lower tax rates a “core principle.” That last part makes no sense in terms of the group’s ostensible mission, but makes perfect sense if you look at the array of big corporations, from Goldman Sachs to the UnitedHealth Group, that are involved in the effort and would benefit from tax cuts. Hey, sacrifice is for the little people.

Thus Krugman, who’s not alone in making these points.

http://americablog.com/2012/11/the-push-to-fix-the-debt-is-a-billionaire-and-corporate-financed-looting-scam.html

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The push to fix the debt is a billionaire- and corporate-financed looting scam (Original Post) UCmeNdc Nov 2012 OP
Many "organizations" fianced and run by the same people. You could also the phrase "many politicians AnotherMcIntosh Nov 2012 #1
not a very nice thing to say about your congress and president nt msongs Nov 2012 #2
Educating the Public november3rd Nov 2012 #3
Krugman and John2 Nov 2012 #4
 

AnotherMcIntosh

(11,064 posts)
1. Many "organizations" fianced and run by the same people. You could also the phrase "many politicians
Tue Nov 27, 2012, 12:43 PM
Nov 2012

How many of these well-financed politicians are going to vote for the "Grand Bargain"?

How many of those who have been bought and paid for are going to vote for the pending let's-send-even-more-American-jobs-to-foreign-countries "free trade" agreement designated by some as the TPP?

 

november3rd

(1,113 posts)
3. Educating the Public
Tue Nov 27, 2012, 03:21 PM
Nov 2012


I read that, too, yesterday. It struck me that one of the reasons the billionaires hate Earned Benefits is because it keeps Joe Sixpack invested in the government. It would be much easier for the corporations to consolidate their control if the public didn't give a shit. As it is, we're very wary of corporate lobbyists, money and muscle in Washington. Americans want a strong government to regulate business. The corporate chiefs hate that. They want to take us down a peg.

And they want to get their meat hooks on our retirement security!

 

John2

(2,730 posts)
4. Krugman and
Tue Nov 27, 2012, 05:02 PM
Nov 2012

Buffet, would be what I characterize as whistle blowers. That is why I dismiss some of these so called moderates, which they try to demonize people they call radical lefties. They try to mute a legitimate rational opposition. Their positions are not extreme and out of the norm at all, like many on the extreme right. The majority of the [people who voted for the President, hold the same positions as the people they call extremists on the Left. The arguments about Social Security and Medicare, are manufactured scare tactics, just like the mush room clouds and WMD scare, these same people manufactured, to get public opinion, to do something. Money is involved and the same characters have been trying to get rid of these programs, ever since they were placed into law. Not only that, people paid their hard earned money into those programs when they were started.

Things that caused the deficit, are things that were not paid for. They are right about that. Things that weren't paid for are the Wars,bailouts,Tarp and huge taxcuts for the wealthy on the notion it would trickle down to the middleclass and poor. Is Iraq paying us back with cheaper Oil? The answer is no. Has the wealthy maintained a strong economy with jobs? That answer is no. Now, they want to accuse the middleclass and poor, of creating this deficit by breaking a contract, that was agreed to Decades ago. The answer should be a resounding no! You created the Deficit, pay for it!

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