With ballots barely counted, our corporate-bought media began peddling `fiscal cliff` lingo.
End Bush era tax cuts for the rich? Reduce military spending? Oh, they`d be popular alright! But corporate profit and privilege must be preserved at all costs! So corporate-bought media says `fiscal cliff` to advise you that however popular they are, such policies are neither wise nor safe. So those cuts must come from elsewhere.
And `where` means deep cuts in Medicare, Medicaid and Social Security. The Obama administration plus congressional Democrats and Republicans have no choice but to do so. Corporate-driven media will again divide us and contain mass opposition against such measures. ‘Fiscal cliff’ is a weapon of the aristocracy against us.
To ensure that Wall Street`s demands are adopted in Washington, these financial racketeers have a club: they can shift money to other markets, or a sell-out to foreign investors, etc.
Nothing requires immediate action to butcher the deficit. The various aspects of this ‘fiscal cliff’ are the consequences of legislation passed throughout the Obama, Bush and previous administrations.
Previous legislation doesn’t require deficit reduction; it is the fiscal aristocracy – the ruling class, the bourgeois – which now orders both political parties unite to make working class people pay the 2008 financial crash on Wall Street. Profit and privilege must be preserved, even if by America closing shop.