Is the USa Failed State with Michael Hudson (tags)
It’s a failed state because its economy is paralyzed and we’re in a debt deflation, an economic polarization, that is just transferring all wealth and income away from labor, away from industry, into really the financial sector and what I call the finance, insurance, and real estate sector.
Debts are not a problem (tags)
The Democrats have learned from their mistakes. This time they want a big stimulus package to invest in infrastructure and climate protection. This change in sentiment is partly thanks to Keynesians like Paul Krugman, who have always called for government investment when the economy is paralyzed.
Trillions in deficits will be paid for by trillions in cuts to vital programs necessary for low- and middle-income Americans: Medicaid, Medicare, food stamps, WIC food assistance, SNAP, Pell grants, The Legal Corporation, PBS, EPA, heating assistance, school lunches, Meals-on-Wheels...