Oct 272014
This is the clearest statement of economic conditions and the ramification of the current conditions that I have encountered. – Mike DeGraw, who is advocating for a guaranteed income for all US residents, states: “If people could just wrap their head around the fact that we have over $94 Trillion in wealth in the United States, I think we would have a revolution overnight. It has gotten to the point where it would only take 0.5% of the 1%’s wealth to eliminate poverty nationwide.” About the author | David DeGraw is an author and an organizer. An early organizer with Occupy Wall Street, David is credited by many as starting the We Are the 99% meme that launched a movement. He is an independent investigative journalist. In February 2010, DeGraw published a book called “The Economic Elite Vs. The People of the United States of America.” The last section of the book was a call to action, using the concept of 99 percent of American income earners. [hdvideo id=20] Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Jun 152011
Wednesday 15 June 2011 by: William Rivers Pitt, Truthout | Op-Ed On the shores of the Tigris River, locals use the water to filter through pans of trash in hopes of finding flakes of gold sometimes found outside a jewelry store in Baghdad, May 10, 2011. Several times a month, men desperate for an income descend as far as 15 feet into the city’s sewer system in search of gold bits that have washed down the drain by craftsmen cleaning up after a day of etching and molding jewelry. (Photo: Ayman Oghanna / The New York Times) “It’s hard to conceive that it would take more forces to provide stability in post-Saddam Iraq than it would take to conduct the war itself and to secure the surrender of Saddam’s security forces and his army. Hard to imagine.” – Paul Wolfowitz, 2/27/2003 There is never a shortage of Stupid in American politics, but by normal standards, our recent history has been pretty spectacular. Rep. Anthony Weiner is caught in what could very easily go down in history as the single most absurd sex scandal to ever unfold. The Republican leadership continues to play chicken with the debt limit, making even the titans of the financial industry nervous. Michele Bachmann is being taken seriously by the “mainstream” news media after the first GOP debate…and as far as Stupid goes, really, that’s all you need to say. Sometimes, however, the Stupid skyrockets to new and heretofore unknown heights. It takes a special kind of purebred dunderhead to raise the benchmark, and in that spirit, I give you Rep. Dana Rohrabacher (R-CA), who opined last week that once Iraq becomes a rich and prosperous country, they should repay the United States for the money spent on the invasion and occupation. Let that sink in for a moment. Now, don’t get me wrong: it would be awfully nice to have back the hundreds of billions of dollars that were wasted through our blood-soaked exercise in futility in Iraq. Given the current state of the American economy, suddenly having gobs of cash injected back into society would indeed be a boon. We could maybe stop terrorizing elderly people with threats to the continued existence of Medicare. We could stop dunning public-sector employees and actually pay them what they deserve. We could even perhaps fix a bridge or two. But you see, that money is already spent. (more…)