Videos - Economist Richard Wolff: Debt Debate is Political Theater Burdening Society's Most Vulnerable
NO ADVERTISING, GOVERNMENT OR CORPORATE FUNDING
DONATE TODAY

KMC » 7am - Jul 28, 2011
Uploaded by democracynow on 28 Jul 2011 DemocracyNow.org - Republicans have agreed to a vote today on a budget plan they say will cut the deficit $917 billion over 10 years. The move sets the stage for showdown against unified Democratic opposition in the Senate and threats of a White House veto. To discuss the debt talks and economic austerity worldwide, Democracy Now! interviews Richard Wolff, Emeritus Professor of Economics at University of Massachusetts-Amherst, and author of several books including, "Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It." Watch Part 2 of 2: http://youtu.be/MLXDNwUk-So "This is political theater in which two parties are posturing for the election coming next year," says Wolff. "To put it in perspective, the number of times the government has raised the debt ceiling since 1940? Ninety, almost twice a year. This is a normal, automatic procedure. Every president, Republican and Democrat, has asked for it."
Rating: 0.0 (0 Votes)
RealNewsNetwork.com, Real News Network, Real News, Real News For Real People, IWT are trademarks and service marks of IWT.TV inc. "The Real News" is the flagship show of IWT and Real News Network.

All original content on this site is copyright of The Real News Network. Click here for more

Problems with this site? Please let us know

Linux VPS Hosting by Star Dot Hosting