Cognitive Dissonance

"Democracy! Bah! When I hear that I reach for my feather boa!" - Allen Ginsberg

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Wealth: When Will The 98% Tell The 2%, Enough Is Enough?

The governments of countries such as Greece, Ireland, Portugal and Spain are pushing for unpopular austerity measures, and richer countries such as the UK and France are trying to implement the same type of economic policies often by cutting social benefits and programs.

If austerity is the trend in Europe, it is certainly not the case in the United States. The US political and financial ruling class, which can be credited for starting the global financial meltdown of 2008, is still betting on the “virtues” of shock capitalism by cutting taxes and not cutting spending. What Congress did last night is quite simple: Our politicians made the decision to charge our common national credit card with a $700 billion gift to themselves and their real constituents, which are the wealthiest 2 percent Americans. And, once again, future generations will have to pick-up the astronomic tab. That is, of course, unless the United States goes completely bankrupt from 30 years of reckless financial and economic policies.

If you think bankruptcy is not a possibility, that’s just naive. 

Filed under Economics wealth America Rich versus poor

  1. jjarichardson reblogged this from cognitivedissonance and added:
    The UK’s tax avoiding corporations are those informing the devastating cuts in welfare, health and education themselves....
  2. jkirchartz reblogged this from cognitivedissonance and added:
    We are not mad, because We’re used to being kicked when We’re down.
  3. rantingnraging reblogged this from cognitivedissonance
  4. xthread reblogged this from cognitivedissonance
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