“America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” Radio Interview with Michel Chossudovsky

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by Bonnie Faulkner
Global Research, March 12, 2009
KPFA Pacifica Guns and Butter

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Guns and Butter – “America’s Fiscal Collapse – Obama’s Budget Will Impoverish America”

“America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” with economist and author, Michel Chossudovsky.

The administration’s 2010 budget will entail the most drastic curtailment in public spending in American history, leading to social havoc and the potential impoverishment of millions of people. Defense spending and bank bailouts will consume all government revenue resulting in fiscal collapse that will lead to the privatization of the state.

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© Copyright Bonnie Faulkner, Global Research, 2009

The url address of this article is: www.globalresearch.ca/index.php?context=va&aid=12674


America’s Fiscal Collapse by Michel Chossudovsky

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24 thoughts on ““America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” Radio Interview with Michel Chossudovsky

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  22. Regarding Amerika’s fiscal collapse; didn’t we all predict this? And isn’t this what we all wanted? And isn’t this the logical end-result of our 8 years of our country inflicting strife and death and war, all in the name of Democracy?

    I think it will be “good” for us to suffer a little. The people I worry about are the one’s not spoken for; the homeless, the unemployable, and the chronically incarcerated. But considering that I, Janet Detwiler, used to make my living by not making a living, i.e. by riding the stock market craze, then pony me up for eating my lumps.

    But before anyone anywhere gives me too much grief, let it be known that I have been a homeless advocate for many years now. I’ve fought long and hard to relax the restrictions my City of Seattle has imposed upon poor people, and I’ve shared my wealth far and wide. That, my friend, is why and how I am now poor.

    “We”, as a country, have just lost, in just the last few months, over 47% of our worth. Interesting times, and these are times I’ve looked forward to as a forward-thinking left-winger (to the nth degree…heck..might as well label me a “commie.”) We will all have to support our elders, our young, our less fortunate, and our soon-to-be-released from prison brethren. Or, we can blame it all on “the state.” I live “stateless.” I have no hope that Obama can fix anything, and even if he could, how on God’s green earth could he fix the mess we’re in now?

    No idea. Absolutely none. Let the corporations crash and burn. Be kind to each other, Be good to yourself. That’s all I’ve got.

    Janet Detwiler

    • Thanks, Oop. Yes, some of us have been predicting this for many years now. People don’t pay attention until it effects them personally though. Unfortunately, it’s going to effect us all soon. Many people are going to die.

      We must plan our local economies now. Start a garden, get to know your neighbors. Learn skills that can be traded. This will be better for the Earth.

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