World-News

Richard Wolff, Truthout: 'Aiming at the 2012 election, both parties used the deficit and budget debates purely to impress their voters. Basic numbers tell the true story. The current (Fiscal Year 2011) budget spends about $3.5 trillion while receiving $2.0 trillion in tax revenues. The difference of $1.5 trillion (the equivalent of $1,500 billion) is this years deficit. The US Treasury must borrow that from whoever will lend to the US government.. After much hot air, Republicans and Democrats reached a 'historic compromise,' namely a spending cut of $38 billion.'

http://www.truth-out.org/budget-battles-sound-fury-and-fakery



A Primer on Tax Day Activism

Peter Rothberg, The Nation: 'Because of its symbolic power and resonant history, Tax Day has always occasioned grassroots protests from both the left and right. For decades, the American Friends Service Committee and the War Resisters League have organized volunteers to distribute informational flyers detailing where your tax money really goes and Noam Chomsky and Howard Zinn famously organized a tax strike in 1968 to protest US involvement in Vietnam. These days the Tea Party likes to use the day to express what its members argue is excessive federal spending and government run amok.'

http://www.truth-out.org/primer-tax-day-activism/1302764400



Opposition to Paying for Capitalisms Crime: A Global Movement

Video

Deep budget cuts ... disproportionately affect the poor and working class while the top one percent of Americans continues to amass wealth at a record pace. Professor Richard D. Wolffs academic work and public lectures warning of a crisis of capitalism preceded the current disaster. In this event, Wolff discussed the fallout of the economic collapse and the ongoing struggle over who will bear the massive costs.

http://www.truthout.org/opposition-paying-capitalisms-crime-global-movement-video/1301468400



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