Tag Archives: politics

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    Kicking the Can, As Expected

    The recent deal in Congress solves nothing, resolves nothing
    by Chris Martenson

    Thursday, October 17, 2013, 8:23 PM

    11

    I didn't get too worked up analyzing what might happen in the event of a U.S. default on its debt, because I knew in my heart of hearts that such a move would have required some serious political spine.

    This is something that is completely lacking in both parties right now, so I didn't worry about any other outcome besides an eleventh-hour agreement to kick the can a bit further down the road.

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    © Tijanap | Dreamstime.com

    The Structural Endgame of the Fiscal Cliff

    It's not just a temporary political event
    by charleshughsmith

    Wednesday, December 26, 2012, 6:51 PM

    2

    To understand this endgame, we need to start with the financial and political basics of wealth and power in the U.S.

    1.  Wealth and thus political power are highly concentrated.  The dynamics of rising wealth disparity and the increasing concentration of wealth are debatable; the disparity is not.  Roughly 70% of all financial wealth is held by the top 5%; within this top layer of ownership, the top ½ of 1% hold an outsized share.

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    © Martin Bangemann | Dreamstime.com

    Four More Years

    Predicting a global recession in 2013
    by Chris Martenson

    Thursday, November 8, 2012, 3:51 PM

    83

    Obama has been re-elected. Given the hyperbole and highly emotional rhetoric of the election, it is hard to imagine that the U.S. is anything but slightly more divided than before, with the gaps and divisions widening more and more as time goes on.

    The real tragedy in this story is that virtually none of the really big and important issues were even touched in this election cycle. One party pointed to how much they managed to increase military spending while the other promised to exceed even that. One side said they'd promote even faster drilling and extraction of our dwindling energy reserves and the other promised they could do it even faster. Both said they wanted more growth and more jobs and more, more, more.

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