Tuesday, January 4, 2011

Getting Real about America's Deficit

Here is a talk by Robert Johnson who runs the Roosevelt Institute:



Pay close attention to his recitation of the Pew Research Center report on who was helped by the bailouts. You can review that Pew report here.

Listen carefully to his criticisms of the money politics system and how the bloated military budget isn't buying defense.

Listening to him discuss issues is very satisfying. None of the "hair on fire" idiocy that you get from the politicians of the Tea Party. His complaint about "toleration of stagnation" is precisely the problem the US faces. And this situation comes from the "deficit scare" right who want to prematurely pursue an austerity budget.

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