Wall Street’s War Against the Cities by Michael Hudson

Posted: September 3, 2012 in News, USA
Tags: , , , ,

Dandelion Salad

by Michael Hudson
Featured Writer
Dandelion Salad
http://michael-hudson.com
August 31, 2012

Why Bondholders Can’t – and Shouldn’t – be Paid

The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy that has been forced on Greece and Spain – and the same that is prompting President Obama and Mitt Romney to urge scaling back Social Security and Medicare.

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