Thursday, November 17, 2011

Bill Moyers on Plutonomy

Bill Moyers signs off his last broadcast with an editorial discussion on why plutocracy and democracy don't mix.

How to succeed through supercommittee’s ‘failure’

By E.J. Dionne Jr. | The Washington Post

16 Nov 2011 | Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.

That’s right. If Congress simply fails to act between now and Jan. 1, 2013, the tax cuts passed under President George W. Bush expire, $1.2 trillion in additional budget cuts go through under the terms of last summer’s debt-ceiling deal, and a variety of other tax cuts also go away.

Knowing this, are you still sure that a “failure” by the congressional supercommittee to reach a deal would be such a disaster?

Read it here.

Barney Frank: Gingrich is 'fundamentally intellectually dishonest' for hypocrisy on Freddie Mac

The frightening thought

"No politician, regardless of what party he's in, wants the people to suddenly be in charge. For the power to shift from those who are the elected officials to the people who elected them, which is actually the way it's supposed to be, that's a frightening thought." - Michael Moore, 15 Nov 2011