Austerity:the real fiscal cliff

[Luddly Neddite]

Austerity: The real “fiscal cliff” - Salon.com

The current "debtpocalypse" is just the last installment in the tragic dispossession of America's working class ...

“Debtpocalypse” looms. Depending on who wins out in Washington, we’re told, we will either free fall over the fiscal cliff or take a terrifying slide to the pit at the bottom. Grim as these scenarios might seem, there is something confected about the mise-en-scène, like an un-fun Playland. After all, there is no fiscal cliff, or at least there was none — until the two parties built it.

 

[Wiseacre]

That link has nothing to do with austerity or the fiscal cliff either.

 

[Mad Scientist]

Could the USMB Resident Luddite actually be waking up to the truth?

From the article:

Think of it as the archeology of decline, or a tale of two worlds. As a long generation of austerity politics hollowed out the heartland, the quants and traders and financial wizards of Wall Street gobbled up ever more of the nation’s resources. It was another Great Migration — instead of people, though, trillions of dollars were being sucked out of industrial America and turned into “financial instruments” and new, exotic forms of wealth. If blue-collar Americans were the particular victims here, then high finance is what consumed them. Now, it promises to consume the rest of us.

Spot on!

Now let's see if Luddy really understands who is at fault and who is in control and how this gets fixed or if he just plays his usual stupid partisan politics.

What is it gonna' be Luddy?

 

[Luddly Neddite]

Could the USMB Resident Luddite actually be waking up to the truth?

From the article:

Think of it as the archeology of decline, or a tale of two worlds. As a long generation of austerity politics hollowed out the heartland, the quants and traders and financial wizards of Wall Street gobbled up ever more of the nation’s resources. It was another Great Migration — instead of people, though, trillions of dollars were being sucked out of industrial America and turned into “financial instruments” and new, exotic forms of wealth. If blue-collar Americans were the particular victims here, then high finance is what consumed them. Now, it promises to consume the rest of us.

Spot on!

Now let's see if Luddy really understands who is at fault and who is in control and how this gets fixed or if he just plays his usual stupid partisan politics.

What is it gonna' be Luddy?

Care to show me where I stated an opinion?

 

[Soggy in NOLA]

Yep, we just haven't borrowed enough.

 

[TakeAStepBack]

We need to start preparing for a fake alien invasion in order to borrow/spend. Which will of course, as the last 4 years have shown, be wonderful for the economy.

 

[OKTexas]

Good article, isn't it funny how there is a direct correlation to the increasing government size and control with the decline of society. Maybe instead of preparing for a fake alien invasion, we should address the real invasion of the professional politicians.