[lbo-talk] Shut down the government? Seriously?

Doug Henwood dhenwood at panix.com
Fri Apr 8 13:18:41 PDT 2011

On Apr 8, 2011, at 4:10 PM, fernando cassia wrote:

> http://articles.cnn.com/2011-04-07/opinion/navarrette.debt.burden_1_baby-boomers-spending-cuts-future-generations?_s=PM:OPINION
> "You want drama? The United States cannot pay its bills, and the longer we wait to do something about it, the deeper the hole will get and the more difficult it will be to climb out of it. We have a generational war brewing as baby boomers, generation Xers and millennials who are working get stuck with the tab for a federal debt that exceeds $14 trillion and have to plan for a future that might not include Medicare and Social Security, while current retirees are guaranteed benefits. And a financial calamity is almost certainly in the cards, as more and more baby boomers start retiring, unless a deficit-cutting deal is reached.

Fuck him. The top 1% of the U.S. pop has something like $1.4 trillion in income. The next 4% has $1.3 trillion. The next 5% has almost a trillion. That's all out of almost $8 trillion. The U.S. isn't broke - the rich just have all the money.


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