Monday, August 16, 2010

Paul Craig Roberts' Plan for Reinvigorating America

Today the Wall Street Journal had an op ed arguing that America was losing its optimism about the future.

Former U.S. Treasury Secretary Paul Craig Roberts has some good ideas about how to reinvigorate the nation. They include bringing jobs back to the U.S., government investment in the nation's infrastructure and the drawdown of U.S. military imperialism. Here are some excerpts from his great essay

"Here is what can be done. The wars, which benefit no one but the military-security complex and Israel's territorial expansion, can be immediately ended. This would reduce the US budget deficit by hundreds of billions of dollars per year. More hundreds of billions of dollars could be saved by cutting the rest of the military budget, which in its present size, exceeds the budgets of all the serious military powers on earth combined.

"US military spending reflects the unaffordable and unattainable crazed neoconservative goal of US Empire and world hegemony...."

Roberts warns against cutting social security and medicare
"Perhaps economists lack imagination, or perhaps they don't want to be cut off from Wall Street and corporate subsidies, but Social Security and Medicare are insufficient at their present levels, especially considering the erosion of private pensions by the dot com, derivative and real estate bubbles. Cuts in Social Security and Medicare, for which people have paid 15% of their earnings all their life, would result in starvation and deaths from curable diseases."

Roberts concludes:
"The United States and the welfare of its 300 million people cannot be restored unless the neocons, Wall Street, the corporations, and their servile slaves in Congress and the White House can be defeated.

"Without a revolution, Americans are history"

Amen to That!

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