Spending.

Editor,

Most countries in the global south over the last 10 years have kicked out the IMF and their "Washington consensus" scam -- called "economic restructuring" -- which boils down to creditors (banks, rich "investors") being paid every penny irresponsible right-wing governments borrowed from them no matter how severely the vast majority of their populations suffer what is now euphemistically called "austerity."

The American public still has not wised up to this scam.

Right-wing media and the mainstream press frame what is in actuality a depression -- which can only be corrected with government spending -- and the most impressive larceny in our lifetimes by Wall Street and the banks as "too much government spending."

No. The problem is not too much government spending, and the solution is not what all American media except the independent press keep repeating is "spending reform." The problem is creditors who deserve to lose their shirts owning our government and using it to drive all of us into poverty so that they get paid -- and pay no taxes on their spoils when they do.

Re: "Amid Skepticism, Debt Panel Pressed to Make Deal" (8/18/2011)