Saturday, January 5, 2013

The Cliff, Never Ending Story

By voting to not jump off the cliff today, all we did was postpone the decisions that must be made on how to make our economy sustainable.  I have some grave doubts that we'll find a good way out because of several factors.

1. While we already had a government bought by Corporate interests, the Citizens United decision just accelerated the decline of democracy.  This administration already sucks up to the multi-national corporations, while the Republicans sold out to them ages ago.

2. Multi-National corporations and the 1% already earn an average of $500,000 (a fifth of all earnings) but that's not the real story.  The top 1% now own a third of all American wealth according to the NY Times.  My conclusion, we're screwed, they call the shots given their practically unlimited resources.

3. With tax cuts now made permanent, there are fewer options to gain a balanced budget, given that Defense is a sacred cow, waste and all, and corporate welfare appears untouchable as well.

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