Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts

Monday, March 7, 2011

The Politics of Jamie Sanderson: America Is NOT Broke ...the Madison speech by Michael Moore

The Politics of Jamie Sanderson: America Is NOT Broke ...the Madison speech by Michael Moore: "America is not broke.

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich."

Wednesday, August 11, 2010

U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff - Bloomberg

U.S. Is Bankrupt and We Don't Even Know It: Laurence Kotlikoff - Bloomberg: "Let’s get real. The U.S. is bankrupt. Neither spending more nor taxing less will help the country pay its bills.

What it can and must do is radically simplify its tax, health-care, retirement and financial systems, each of which is a complete mess. But this is the good news. It means they can each be redesigned to achieve their legitimate purposes at much lower cost and, in the process, revitalize the economy."