Kucinich Brings the Cost of War to Budget Debate 1
Congressman Dennis Kucinich (D-OH) today opened up the debate on efforts to cut the federal budget by pointing out that more than half of our discretionary spending is consumed by the budget for the Pentagon and asking what Americans are willing to sacrifice for war.
Bills were introduced on January 18 in both the House and Senate of the Washington State Legislature that add Washington to the growing number of states now actively moving to create public banking facilities.
The bills, House Bill 1320 and Senate Bill 5238, propose creation of a Washington Investment Trust (WIT) to “promote agriculture, education, community development, economic development, housing, and industry” by using “the resources of the people of Washington State within the state.”
Shlomo Ben Ami, former Israeli Foreign Minister, Daud Abdullah, director of Middle east monitor UK and Ali Abunimah, co-founder of Electronic Intifada make up the panel of analysts who discuss the Palestine Papers.
Barack Obama is another stock character in the cyclical political theater embraced by the liberal class. Act I is the burst of enthusiasm for a Democratic candidate who, through clever branding and public relations, appears finally to stand up for the interests of citizens rather than corporations. Act II is the flurry of euphoria and excitement. Act III begins with befuddled confusion and gnawing disappointment, humiliating appeals to the elected official to correct “mistakes,” and pleading with the officeholder to return to his or her true self. Act IV is the thunder and lightning scene. Liberals strut across the stage in faux moral outrage, delivering empty threats of vengeance. And then there is Act V. This act is the most pathetic. It is as much farce as tragedy. Liberals—frightened back into submission by the lunatic fringe of the Republican Party or the call to be practical—begin the drama all over again.
Daniel Ellsberg: There was no law against leaking the Pentagon Papers nor is there now against Wikileaks
Daniel Ellsberg is a former US military analyst employed by the RAND Corporation who precipitated a national political controversy in 1971 when he released the Pentagon Papers, a top-secret Pentagon study of US government decision-making about the Vietnam War, to The New York Times and other newspapers.
Plunder: The Crime of Our Time is a hard-hitting investigative film by Danny Schechter. The “News Dissector” explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed.
The film opens with the conviction of Ponzi King Bernie Madoff, whose acknowledged criminality drove a $65 billion dollar pyramid scheme. It argues that the wrong doing committed by a few individuals distracts from the real story, implicating the best-known institutions that financed and profited from fraudulent sub prime lending. This connection is now being investigated by the FBI as part of a probe into what it calls a “fraud epidemic.”
PLUNDER shows how these firms created special securities to repackage and resell these dubious loans after they were re-rated as Triple A. These firms then bet against many of these toxic assets with credit default swaps and other insurance scams. By leveraging these investments, they recklessly put trillions of dollars and the world economy at risk.