The false narrative that is being pushed by the media on "austerity" and the sequester [View all]

[TakeALeftTurn]

The media continue to push a false narrative of sequestration being some kind of austerity program.

Sequestration affects a maximum of $50bn a year. (Of course it is targeted at entirely the wrong things that the majority of people don't want to see cut.)
It will no doubt end up being a lot less than this, it is part of the propaganda war to not reduce government spending.

The general public are buying the "austerity" and sequester propaganda when the large Corporations are still getting handed over $1.3tn a year of Corporate Welfare. See Appendix 1

The REAL austerity program is :-

The $200bn a year tax hike handed to the middle class and poorer taxpayers in the Fiscal cliff deal

The drop in real wages

The drop in total wages as well paying jobs are swapped for low paid, part time and minimum wage

Not reducing the price of prescription drugs, which costs the government in Medicare/Medicaid payments AND the public that are not entitled to be enrolled in Medicare.
Everybody is worse off, except big pharma.

Spending $105bn a year on 7,000 mercenaries still in Iraq, when that money could be used to completely reverse the payroll tax hike.
Everybody is worse off - except Blackwater.

Not doing anything to reduce the over $100bn of annual Medicare fraud.
Everybody is worse off except healthcare companies and crooks.

When Barack Obama insisted on extending the $9.6bn a year of offshore loans tax break in the Fiscal Cliff deal, that just helped the big banks, it didn't help anyone else.

There are LOADS of other examples, where the government gives away money to large Corporations, when large corporations are making record profits.

The rise in food & gas prices due to the massive amounts of money the Federal Reserve is printing, makes everyone poorer - particularly the 95%.
$1tn a year is now being handed out for free to the big banks.

They are speculating with $1.7tn of excess reserves at the moment.
Speculating and pushing up the price of the stock market and food & gas.

$2tn a year is basically being stolen from ordinary people and given to a select few elites.

Hardly anyone is even aware of, let alone complaining about, the transfer of $2tn a year of wealth from the middle class to the elites.

The public are buying the media BS hook, line and sinker.


Appendices

1. The over $1.3tn of Corporate Welfare that can easily be cut
http://www.democraticunderground.com/10022889835#post1

2. What needs to be done to start fixing America's economic problems
The current policies in place are the exact opposite of these

http://www.democraticunderground.com/10022889835