Home Budget, Economy Another Take on the Deficit Commission: “Fix Health Care”

Another Take on the Deficit Commission: “Fix Health Care”

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Now that the two Chairs of the Deficit Commission have pre-empted the report of the whole Commission, and issued their own report, it is becoming clear that they could not get the agreement of the majority of the members. They issued their own early report so as to set the agenda, an agenda which includes using the worry about the deficit as an excuse to attack the middle class and provide the bond holders and Big Money of Wall Street everything they could possibly have dreamed of having, i.e., confiscating whatever wealth the middle class still has after the depredations of the last 20-30 years. Here is an interview with noted economist and author Dean Baker, which explains the Fed policy of “Quantitative Easing” (QE2) and the Deficit Commission and its “Shock Therapy.” As I recall, the shock therapy is a long-standing tactic of Free Market Chicago boys in destroying the economies of Third World Countries, and turning them into modern financial colonies of Western corporations (See the book Shock Doctrine). Now hear how it all ties together: