ZAID JILANI – It may shock you to learn exactly how wealthy this top 1 percent of Americans is.
As the ongoing occupation of Wall Street by hundreds of protesters enters its third week — and as protests spread to other cities such as Boston and Los Angeles — demonstrators have endorsed a new slogan: “We are the 99 percent.†This slogan refers to an economic struggle between 99 percent of Americans and the richest 1 percent of Americans, who are increasingly accumulating a greater share of the national wealth to the detriment of the middle class.
Tag: Debt
Americans Finally Join the Wave of Healthy Global Protest
RANDALL AMSTER – “Hello, you’ve reached the people of the United States of America. We’re away from our desks right now, and perhaps for good — so instead of leaving a message for us, we encourage you to take your messages directly to the halls of power for their consideration. If you require immediate assistance, do not ask the agents of governments or corporations, but organize in your own communities instead. For directory assistance, get out in the streets and talk to others concerned about the direction of the nation and world. To be connected to an operator, follow the protest signs and/or the smell of teargas in the financial districts across the country. And if you should become disconnected … we are very happy to welcome you home to the movement!â€
Want to Slash the Debt? Here’s a Quarter Trillion
LAWRENCE WITTNER – In the midst of the current stampede to slash federal spending, Congress might want to take a look at two unnecessary (and dangerous) “national security” programs that, if cut, would save the United States over a quarter of a trillion dollars over the next decade.
Debt Deal Will Increase Economic Inequality, Devastate American Workers, Communities
BRIAN J. TRAUTMAN – The debt deal cuts roughly $2.4 trillion in federal spending over the next decade without any new revenue streams. It slashes social services like education and health, and threatens to weaken the vital entitlement programs of our frayed social safety net. It is far from representing the shared sacrifice that an overwhelming majority of the American people had demanded of their elected officials in the days and weeks leading up to the debate and negotiation.