American Decline: Causes and Consequences
English Al-Khbar / Noam Chomsky
01-Sep-2011

 For the public, the primary domestic concern, rightly, is the severe crisis of unemployment. Under current circumstances, that critical problem can be overcome only by a significant government stimulus, well beyond the recent one, which barely matched decline in state and local spending, though even that limited initiative did probably save millions of jobs. For financial institutions the primary concern is the deficit. Therefore, only the deficit is under discussion. A large majority of the population favor addressing the deficit by taxing the very rich (72% for, 21% opposed). Cutting health programs is opposed by overwhelming majorities (69% Medicaid, 79% Medicare). The likely outcome is therefore the opposite…….. The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion -- a major victory for Osama bin Laden, whose announced goal was to bankrupt America by drawing it into a trap. The 2011 military budget -- almost matching that of the rest of the world combined -- is higher in real terms than at any time since World War II and is slated to go even higher . The deficit crisis is largely manufactured as a weapon to destroy hated social programs on which a large part of the population relies Though the deficit crisis is manufactured for reasons of savage class war, the long-term debt crisis is serious, and h... >>>

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