[lbo-talk] Chossudovsky: "2010 budget will entail the most drastic curtailment in public spending in American history"

Doug Henwood dhenwood at panix.com
Mon Mar 23 08:39:07 PDT 2009


On Mar 23, 2009, at 9:19 AM, double bluff wrote:


> from a "Guns and Butter" interview with economist and author,
> Michel Chossudovsky on KPFA (Berkeley, CA USA; March 2, 2009)
>
> For access, see the note at the bottom.
>
> ============ ========= ========= ======
> Synopsis:
> ============ ========= ========= ======
>
> 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.

This is rather lacking in evidence, at least on first look. Chossudovsky is a heavy-breather from way back.

Doug



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