UNITED STATES CONTINUES DOWN THE WRONG PATH

Please watch today's Democracy Now below or at their website.
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Visit msnbc.com for breaking news, world news, and news about the economy

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The Obama Administration, corporate Democrats, and the Republican Party kick the can down the road, and our deficit and consequences of that deficit gets worse ... much worse!!!

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KEITH OLBERMANN'S TAX CUT SPECIAL COMMENT: "OBAMA GODDAMNED WRONG ON DEAL, BETRAYED HIS BASE"

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Also read: 4 Scenarios for the Coming Collapse of the American Empire | | AlterNet by Alfred W. McCoy
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THE LAST WORD WITH LAWRENCE O'DONNELL, DECEMBER 7, 2010

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Keith Olbermann: December 14, 2010
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Dylan Ratigan, December 14, 2010 .... "Can the US Afford Tax Cuts?"
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A Tax-the-Rich Lesson Finally Goes Public | OurFuture.org
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The growing chasm between rich and poor in America – Latest data shows that 500,000 people were added to the food assistance program in one month. 6 million Americans added over the last year. Those that buy diamonds versus those that barely have enough to buy soup. (MyBudget360, December 13, 2010
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The red queen race of debt – US public debt set to pass US annual GDP. The 100 percent GDP to public debt threshold is quickly approaching. (MyBudget360, December 15, 2010)
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You'll Never Guess Whose Taxes Are Going To Go Up Because Of The Tax Cut 'Compromise' by Jason Linkins, December 7, 2010
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Ben Bernanke: Income Inequality Is 'Creating 2 Societies' Updated December 7, 2010
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The Fed Lied About Wall Street | OurFuture.org
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How the Oligarchs Took Over America | | AlterNet by Andy Kroll, December 6, 2010
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The 9 Weirdest Things About the WikiLeaks Story | | AlterNet by Julianne Escobedo Shepherd, December 6, 2010
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The Untold Cost of the Tax Deal | OurFuture.org by Robert Borosage, December 8, 2010
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Obama Caves on Tax Cuts for Wealthy, Capitulating to 'Bush-McCain Philosophy' | | AlterNet by Ari Berman, December 6, 2010
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Bill McKibben: Climate talks so weakened by US, Major Polluters that Walkout could be Good News for the Planet, December 7, 2010
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The Skinny on Cancun: What's Happening at the International Climate Meeting and What's at Stake? | | AlterNet by Tina Gerhardt, December 6, 2010
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Obama's Bizarre, Offensive Effort to Equate Tax Cuts and Abolition | AlterNet by Kai Wright, December 8, 2010
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We Haven't Learned From Ireland - Room for Debate - NYTimes.com by Simon Johnson, December 7, 2010
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Obama's "Tax Holiday": A Poison Pill For Social Security | OurFuture.org by Richard (RJ) Eskow, December 7, 2010
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Why We Need A High Estate Tax | OurFuture.org by Dave Johnson, December 8, 2010
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Obama's Payroll Tax Cut: Another Bailout for the Rich | OurFuture.org by Daniel Marans, December 13, 2010
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Corporate America's Plan to Loot Our Pensions Is the Latest Battle in Decades-Long Assault on the Middle Class | | AlterNet by Arun Gupta, December 18, 2010

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The American Empire Is Collapsing, And Americans Will Be The Last to Know | | AlterNet by Gilbert Mercier, December 15, 2010

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DEBT KILLS

Republicans love to talk about the deficit; however, they don't seem to mind American families and individuals living in debt, ... enough debt to cause relentless worry, and will psychologically and financially (and perhaps physically) kill you.

Why is it that so many of us are dealing with mounting debt?

Well, thanks to Republicans /conservatives /corporate Democrats /big corporations /big banks /hedge fund managers /and the Feds previous and current policies, speculation and legislation*, the American family and individual (because of these policies/speculation/legislation and low wages) is forced to either work 2 to 3 jobs just to pay for food, clothing, insurance, taxes, shelter, education, health care, transportation, etc.; and/or have to finance these things using credit cards and/or refinance the house (if you have one with equity, and you have good credit); and/or have to do without two or more of the necessities.

This is insane.

Most likely you won't have good health care because you won't be able to afford health insurance; and/or you'll do without a good education for yourself or your children; and/or you'll have no life insurance if a bread winner dies; and/or you may end up homeless, or in substandard housing and drive a beat up (death trap) under-insured automobile (because you won't be able to afford to have that car fixed, or a newer car or other modes of transportation), and etc.

Americans should be outraged ... they should be demanding that corrupt politicians/bankers/hedge fund managers (and others who are responsible for gutting the economy) go to jail, ... and they should be listening to economist Joseph Stiglitz, and professor Michael Hudson, and Max Keiser ... however, what do they do (?), they fire progressive Democrats (like Russ Feingold and Alan Grayson) and hire Republicans.

Again, are you insane?

Anyway, it's a never ending cycle of debt that Republicans/conservatives will not address or fix because they don't want to address low wages, affordable good health care, affordable good education, war and war expenditures, the financial mess on Wall Street, or anything that really matters. They simply want to cut federal spending (which in today's economy has disastrous consequences), repeal health insurance reform legislation, impeach President Obama, and hand everything over to private business and industries and hope for the best. Well, sorry, beside that being a self indulgent, asinine prescription for what ails the economy and Americans, that prescription will not work.**

Maybe I should have called this post, "Debt Kills, and Republicans have no Real Fixes for what ails Americans or the Economy."
In fact, they haven't got a clue how to fix it!

Whenever unbridled "Capitalism 201 Gone Wild" comes to town (and it's been here for way too long), debt becomes the only thing that keeps you and our capitalistic system afloat; however, that debt will eventually kill you (and our capitalistic system) in too many ways to count.

Welcome to America.



Update: November 10, 2010As the Country Falls Apart, It's Time for Our Revolution | | AlterNet by Ted Rall

How the Wealthy Organized to Rip Everyone Else off -- And What You Can Do to Stop It | | AlterNet by Maria Armoudian (Nov. 10, 2010)

Dylan Ratigan, November 8, 2010 / The Great Divergence

Rachel interviews Elizabeth Warren






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Visit msnbc.com for breaking news, world news, and news about the economy

Update: Rethinking How Much We Spend (Nov. 18, 2010)

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*New 600B Fed Stimulus Fuels Fears of US Currency (Democracy Now, Nov. 5th 2010 - professor Michael Hudson starts speaking 9 minutes into the above video)



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**Nobel Laureate Joseph Stiglitz: Foreclosure Moratorium, Government Stimulus Needed to Revive US Economy , (Democracy Now, October 20, 2010, Stiglitz starts speaking about 13 minutes into the above video)

Make sure you also watch The Keiser Report.