from “America isn’t broke. There’s plenty of money to build an economy worthy of our ideals and can-do spirit,” The Hightower Lowdown, December 2013
“A simple “Financial Transaction Tax” could fund opportunities for all….”
…The powerhouses of Wall Street have tunneled directly into the cloistered backrooms of Washington deal making, extracting trillions of dollars worth of government bailouts, special tax breaks, and regulatory favors every year. Yet, in a stupefying act of hypocrisy, they have also been the major force pushing policymakers to embrace extreme laissez-faire bunkum and to inflict the most austere budgetary minginess on the American people.
Through their lobbyists, front groups, economic shills, media hacks, and the politicians they’ve purchased, these pampered princes of high finance have gained a stranglehold on policy, choking off the public investment that our country desperately needs. In a nonstop drone, their operatives chant: “America is broke. Fiscal doom looms. Government spending is the cause. Austerity policies are our only hope.”
And Washington is buying this snake oil….