8:27 AM » Frances Causey: The So-Called 'Fiscal Cliff' Is Austerity in Disguise
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The war against people who work for a living in this country continues with the "Grand Bargain" that will slash social spending by trillions on programs that benefit the most vulnerable among us and also "reform" Social Security and Medicare. We at Heist: Who Stole the American Dream? see the cruel irony in this brazen attempt to further erode living standards for the 98 percent. Today, some 70 percent of Americans pay more in payroll taxes than they do in income taxes! Social Security and Medicare are not "entitlement" programs. Hard-working Americans along with their employers pay into this system their entire working lives. But rather than tax corporations and the super rich by allowing the Bush tax cuts to expire, apparently President Obama, Congress and the corporate-financial class on Wall Street would prefer instead to "balance" the budget on the backs of working Americans. Sen. Bernie Sanders points out in HEIST the callous indifference inherent in Washington's march toward austerity: "Let's go after little kids, let's go after the elderly, let's go after the sick, let's go after the most vulnerable, but apparently in the Senate we can't ask Chevron to pay taxes." How much more can working people give up before they rise up? The tally so far? Across the board, wages have stagnated since the mid-'70s, more than 40 million good-paying jobs with benefits have been shipped overseas, trade agreements that benefit the corporate and shareholder classes prevail, employers are asking workers to pay more for health care, risky 401(k)s have replaced guaranteed defined benefit pensions, and now the 1 percent is going after the one element of FDR's New Deal that remains -- Social Security! Austerity as described by Webster: difficult economic conditions created by government measures to reduce a budget deficit, especially by reducing public expenditures. So what is in effect here is the Golden...