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truth2power

(8,219 posts)

14. Thanks for posting, Will. For more information on the fiscal cliff and the deficit, check out

Tue Nov 27, 2012, 02:04 PM

Nov 2012

Prof. Richard Wolff's Brecht Forum lecture for November. I just finished watching it. It's an hour and a half long, but well worth your time.

Link:

http://www.rdwolff.com/content/global-capitalism-monthly-update-discussion-november-2012

Prof. Wolff states that those most worried about the deficit are those who lend to the U.S. govt. That would be banks, insurance companies, large corporations, the wealthy, and of course, China. So you see whose interests are being served by all this hoop-la over the deficit. Certainly not us, the 99%.

He also dispenses with the "rich create jobs" argument.

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Highlight:

The Fiscal Cliff Is a Lie [View all] WilliamPitt Nov 2012 OP

Wish I could rec this twice. Lasher Nov 2012 #1

Another... Mnemosyne Nov 2012 #2

Me too. We should be talking about JOBS, JOBS, JOBS BlueStreak Nov 2012 #47

Thank you...I have bookmarked the article.. nenagh Nov 2012 #3

Thank you for this post, WilliamPenn! summerschild Nov 2012 #4

That's "Pitt" radiclib Nov 2012 #27

Thanks for catching that - and my apologies to Mr. Pitt! summerschild Dec 2012 #60

K & R. n/t antigop Nov 2012 #5

But but we need to cut (ahem REFORM) Social Security and Medicare NOW! jsr Nov 2012 #6

K&R Liberalynn Nov 2012 #7

kick and rec...for the truth. n/t NRaleighLiberal Nov 2012 #8

Indeed it is. blackspade Nov 2012 #9

K&R forestpath Nov 2012 #10

Agree, but you will get some disagreeable responses lalalu Nov 2012 #11

"fiscal cliff" = another Tea/Repuke fear laden lie/Kool aide/meme to intimidate the sheeple. hue Nov 2012 #12

Will, according to Prof of Econ at the U of Michigan, Justin Wolfers, BlueCaliDem Nov 2012 #13

Thanks for posting, Will. For more information on the fiscal cliff and the deficit, check out truth2power Nov 2012 #14

Disagree Somewhat erpowers Nov 2012 #15

401(k) is an AWFUL standard to apply-- NO ONE should have their retirement hopes... mike_c Nov 2012 #31

Defined benefit pension plans were based on 8% return on investment -- most will go broke FarCenter Nov 2012 #48

Calpers is the largest and best funded pension system IN THE WORLD.... mike_c Nov 2012 #49

Calpers has a huge unfunded liability -- estimates may vary but it is likely to go broke FarCenter Nov 2012 #50

sure, if everyone in the system were to retire at once.... mike_c Nov 2012 #51

You're likely to get your pension -- but 30 to 50 year olds will be holding the empty bag. FarCenter Nov 2012 #53

that's what people told me when I was 40.... mike_c Nov 2012 #54

It is not simply tax cuts on the rich that expire BainsBane Nov 2012 #16

Now if we could just get the selected in Washington to understand this Savannahmann Nov 2012 #17

K&R n/t Martin Eden Nov 2012 #18

The Fiscal Bluff Gold Metal Flake Nov 2012 #19

+1 - Much more apt. dchill Nov 2012 #22

+1 grahamhgreen Nov 2012 #38

Most important. Thanks! Faryn Balyncd Nov 2012 #20

I don't detest the Republicans pushing this meme... dchill Nov 2012 #21

True humbled_opinion Nov 2012 #30

Get Ready America BOHICA.... (bend over......here it comes again..) lib2DaBone Nov 2012 #23

Totally Misleading colsohlibgal Nov 2012 #24

Why salinen Nov 2012 #25

He has the smug over-confidant look down pat. Baitball Blogger Nov 2012 #26

We lose.... humbled_opinion Nov 2012 #28

K & R !!! - Did You Catch This ??? WillyT Nov 2012 #29

Not exactly... NashvilleLefty Nov 2012 #32

We know this, why doesn't Dick Durbin? Up2Late Nov 2012 #33

How do you convince an entire public that cuts to Social Security and Medicare are unavoidable NorthCarolina Nov 2012 #45

Who thought up the name 'fiscal cliff?' Rosa Luxemburg Nov 2012 #34

can't say Jim Warren Nov 2012 #35

It was Bernake. We need to use the term Fiscal Bluff. grahamhgreen Nov 2012 #36

it's sounds scary Rosa Luxemburg Nov 2012 #56

Yes, it's a lie meant to scare people, because it really is debt reduction. grahamhgreen Nov 2012 #57

Let's use the term "Fiscal Bluff" as it is a lie, a deception....? grahamhgreen Nov 2012 #37

a "bluff" that is given credence by our beloved democratic party... tomp Nov 2012 #40

a "bluff" that is given credence by our beloved democratic party... tomp Nov 2012 #41

K&R nt ProudProgressiveNow Nov 2012 #39

Soooo... WHY Are Numerous "Democrats" in Congress Going Along With Iggy Nov 2012 #42

Hear, hear! trusty elf Nov 2012 #43

When the wolves are at the door SHRED Nov 2012 #44

Ambiguity CaptJasHook Nov 2012 #46

�The whole aim of practical politics is to keep the populace alarmed.... Tierra_y_Libertad Nov 2012 #52

Just another example of why its pointless to listen to the MSM preventivePhD Nov 2012 #55

Not an 'entitlement' system libodem Nov 2012 #58

Does anyone know if there is an anti-"fiscal cliff" b.s. group on Facebook? Arugula Latte Nov 2012 #59