from The Nation:
Debt, Austerity and How to Fight BackFrances Fox Piven and Cornel West
March 17, 2011
Editor's note: On Tuesday, April 5, hundreds of schools and community groups will participate in a teach-in on debt, austerity and how people are fighting back. From 2–3:30 pm (EST) a national teach-in will be streamed live from New York City, followed by local teach-ins and strategy discussions around the country. Read the call to action by Frances Fox Piven and Cornel West, check out the organizing guide and join the movement by attending or hosting a teach-in near you. Please see http://www.fightbackteachin.org for more information. Wall Street Banks, American corporations and their political allies have declared a one-sided war on the American people. This war is being waged at our schools and colleges, the workplace and in our communities.
Today, Americans are working harder and earning less while corporate profits soar. As homeowners, consumers and students we see our wealth being stripped away by banks. Our government plunges into debt waging trillion-dollar wars. Meanwhile, our infrastructure erodes and climate change proceeds unchecked. Schools, daycare centers, senior citizen facilities, clinics, parks and firehouses are starved for funds so that corporations and the rich can get billions in tax breaks!
Corporate America’s unprovoked assault on working people has been carried out by manufacturing a need for fiscal austerity. We are told that there is no more money for essential human services, for the care of children, or better public schools, or to help lower the cost of a college education. The fact is that big banks and large corporations are hoarding trillions in cash and using tax loopholes to bankrupt our communities.
Spending on social needs is not the reason governments at all levels are facing massive budget short falls. Our debt and deficit problems are a direct result of corporate tax rollbacks, and the extortionist policies of banks and financial institutions that are engaged in a coordinated and massive wealth transfer from the American people to their own coffers. .............(more)
The complete piece is at:
http://www.thenation.com/article/159309/debt-austerity-and-how-fight-back
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