by Scott Creighton
Phony alternative “libertarians” (read as “neoliberals”) are already out in the forefront calling for even more austerity in the face of the artificial deficit monster’s approach:
“If we can’t even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have?” Black Listed News
Just for the record… it’s not the fact that they are cutting spending that is causing the few remaining humans a bit of angst these days, it’s WHO IS GOING TO BE DOING THE BLEEDING. Michael, in his article, draws the straw man comparison of people living in debt driving new cars and all the other stereotype misdirection connections that make absolutely no sense at all:
“.. debt addicts may be very proud of their new homes, their new cars, their new clothes and all of their fancy electronic gadgets, but it was all purchased with debt. When a “day of reckoning” finally arrives, many debt addicts lose absolutely everything and end up in the street” Michael Snyder, BLN
The people who are going to be suffering the most in this first round of real austerity are not the so-called “debt addicts” that put us in this situation. The people who will be hit the hardest are the weakest among us.
Even wild dogs don’t eat their own, which is exactly what Michael Snyder is suggesting we do in order to avoid the dreaded deficit monster. His argument is morally reprehensible and intellectually/historically bankrupt. The deficit that he rails on over and over again isn’t caused by Social Security or teachers or cops or Medicare recipients and Snyder damn well knows it. The ongoing $40 billion dollar a month bailout to the banksters to purchase the bad debts and credit default swaps they created… THAT IS WHAT CAUSED IT. The trillions of dollars we have spent bombing Iraq and Afghanistan and Pakistan into neoliberal submission, THAT IS WHAT CAUSED IT. Giving BIG BUSINESS a huge tax break so they could survive the coming recession and subsequent depression, THAT IS WHAT CAUSED IT. Those are the “debt addicts” Synder rails against in his screed.
Who is being forced to pay the price for the banksters and the CEOs and the Vichy politicians? THAT is what is dreadfully wrong with this plan, Michael. Of course, a wealth worshipping Ayn Randian libertarian would probably have a little difficulty with that whole “empathy” and “social justice’ concept. They are a little challenged in the morality department if you know what I mean.
On his website, Michael Snyder makes a reference to this being a really bad economic “adjustment” that is about to happen to us. The “adjustment” term is a reference to the IMF/World Bank neoliberal policies they called “adjustments” that we installed in places like Chile and Argentina and Russia. These “adjustments’ are part and parcel of neoliberal economic policy, not reactions to circumstances.
Of course, his phony alternative message which does nothing but serve the interests of big banking and the IMF/World Bank, is being pimped at Prison Planet as well. That should tell you something about these “alternative” voices out there.
Filed under: Uncategorized