We’re nearing election day and unfortunately we’ve got no choice. Whoever wins the election, Pete Peterson wins. He’s bought off both the Democrats and the Republicans. We’re going to get fiscal austerity no matter what. Both parties promise to cut social benefits, punch more holes in the safety net, and let Wall Street continue to run off with all the loot.Get ready. The first order of business after the election will be an all-out concerted effort to dismantle Social Security and to turn the entire retirement system over to the Vampire Squids.
And it’s all based on lies about government running out of money. Anyone who’s been reading this blog knows that is literally impossible. For those who need reinforcement, one of my UMKC colleagues has just provided an excellent explanation.
Here’s Stephanie Kelton, in perhaps the best interview I’ve ever heard on Modern Money Theory: Stephanie Kelton Appears on Le Show with Harry Shearer
