The hysterical debt Armageddonists have been screaming about the need to adopt all sorts of insane austerity policies because if we don’t, China is going to invade and enslave our children…or something. This irrational frenzy is, of course, bipartisan. Both sides of the aisle, for example, recently voted against extending unemployment benefits.
Tea Party sweetheart, Sharron Angle, specifically said citizens are “spoiled” by jobless benefits, and the US should cut unemployment benefits in order to motivate people to find work. Because – as we all know – unemployed people are just too lazy to toil, and there are millions of jobs in some secret industry sector only teabaggers know about, waiting for capable employees to fill them.
No matter how loudly Krugman tries to tell these idiots that cuts are the very worst possible thing they could do right now — what does he know? He only won a Nobel Prize in economics — Republicans refuse to listen. Actually, the world doesn’t seem to be listening, either.
Pete Peterson and his merry band of thieves recently rolled out the hilariously titled “America Speaks” propaganda tour, which was designed to brainwash citizens into voting against their own interests by supporting Social Security privatization.
Peterson wants to do this because he owns Blackstone Group, which has a subsidiary called Blackrock Financial, the firm that would — surprise! — be in charge of handling your privatized Social Security dollars, and that rerouting process could earn Peterson hundreds of billions of dollars.
The tour should be called “Peterson and Company Speak,” because it is their financial interests — not the interests of the American people — that are represented in this tour. One of Peterson’s lackeys, David Walker, is also involved in the “national discussion.” Walker is the man who openly pined for the return of debtors’ prisons, which already exist in six states, but apparently aren’t harsh enough punishment for being poor in David’s world.
If this ridiculously transparent tour actually represented Americans’ concerns, the focus would be on job creation. Numerous polls indicate that Americans’ primary concern is unemployment – not the deficit.