Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLords of Disorder: Billions For Wall Street, Sacrifice For Everyone Else
The Presidents sequester offer slashes non-defense spending by $830 billion over the next ten years. That happens to be the precise amount were implicitly giving Wall Streets biggest banks over the same time period.
Were collecting nothing from the big banks in return for our generosity. Instead were demanding sacrifice from the elderly, the disabled, the poor, the young, the middle class pretty much everybody, in fact, who isnt too big to fail.
Thats injustice on a medieval scale, served up with a medieval caste-privilege flavor. The only difference is that nowadays injustices are presented with spreadsheets and PowerPoints, rather than with scrolls and trumpets and kingly proclamations.
<snip>
Tell that to Jamie Dimon of JPMorgan Chase, or Lloyd Blankfein of Goldman Sachs, both of whom have told us its imperative that we cut social programs for the elderly and disabled to save our economy. The elderly and disabled have paid for those programs just as they paid to rescue Jamie Dimon and Lloyd Blankfein, and just as they implicitly continue to pay for that rescue today.
Were collecting nothing from the big banks in return for our generosity. Instead were demanding sacrifice from the elderly, the disabled, the poor, the young, the middle class pretty much everybody, in fact, who isnt too big to fail.
Thats injustice on a medieval scale, served up with a medieval caste-privilege flavor. The only difference is that nowadays injustices are presented with spreadsheets and PowerPoints, rather than with scrolls and trumpets and kingly proclamations.
<snip>
Tell that to Jamie Dimon of JPMorgan Chase, or Lloyd Blankfein of Goldman Sachs, both of whom have told us its imperative that we cut social programs for the elderly and disabled to save our economy. The elderly and disabled have paid for those programs just as they paid to rescue Jamie Dimon and Lloyd Blankfein, and just as they implicitly continue to pay for that rescue today.
The above comes from an awesome opinion piece by Richard Eskow at The Campaign for America's Future blog. I urge you to read the whole piece -- I had a hell of a time picking out what to post here.
As a reminder, the Wall Street money he's referring to came from that incredible Bloomberg editorial Why Should Taxpayers Give Big Banks $83 Billion a Year? http://www.bloomberg.com/news/2013-02-20/why-should-taxpayers-give-big-banks-83-billion-a-year-.html
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 715 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (4)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Lords of Disorder: Billions For Wall Street, Sacrifice For Everyone Else (Original Post)
tpsbmam
Feb 2013
OP
msongs
(67,413 posts)1. not nice things to say about obama and dems/repubs in congress eh? nt
tpsbmam
(3,927 posts)2. Nope, not great. Do you disagree with his opinion? nt
HiPointDem
(20,729 posts)3. kr