Rep Kucinich: Expanding the Debt for War and Wall Street - The ‘Bailout Generation’ [View All]

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Expanding the Debt for War and Wall Street

WASHINGTON - December 16 - Following a speech on the floor of the House of Representatives, Congressman Dennis Kucinich (D-OH) today released the following statement:

“The Greatest Generation sacrificed during their lifetimes so future generations could have it better. Here, the ‘Bailout Generation’ demands the future will be sacrificed for the present with unlimited money for Wall Street and War.

“While the government expands the debt for Wall Street and War, people are led to believe we are doing it for Jobs and Main Street. Even today, as Congress expands the debt limit, Citigroup will get billions in new tax breaks.

“Last week, Congress let Wall Street keep their Over-The-Counter black box Derivatives game going, which will leave the taxpayers exposed to huge losses in the future.

“Today, Congress will give the Pentagon another $550 billion and the wars in Iraq and Afghanistan another $130 billion while we expand the national debt, sacrificing the future, for the present.

“In the past two years Congress chose War and Wall Street over Jobs and Main Street, expanding the debt, sacrificing the future for the present.

“Today’s jobs bill is necessary but it will address only a fraction of the unemployed. Rather than prime the pump of the economy and put all of America back to work, we are choosing to sacrifice the future for War and Wall Street.”


http://www.commondreams.org/newswire/2009/12/16-9