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West Ky | Peterson Commission: We Must Cut Millions of Throats
December 15, 2009
(LPAC)
A private group, representing the speculative global bankers who have destroyed the world economy, called for murderous cuts in medical care and social security, and deep reduction in the income of the population through consumption taxes, as the way to overcome the national debt blowout.
The Peterson-Pew Commission on Budget Reform released a report ("Red Ink Rising") at a Washington event, calling for the cuts to be imposed under guidelines not subject to interference by elected government representatives — a fascist coup d'etat.
A leading spokesman for the Commission, former Federal Reserve Vice Chairman Alice Rivlin, told Executive Intelligence Review that swindles such as derivatives by which incomprehensibly vast sums become owed to speculators, must be honored (i.e. paid off, bailed out), cannot be touched — "they are contracts"; while any and all national commitments to the survival of the American population ("entitlements") are "on the table" for elimination.
The Commission was created by billionaire financier Peter G. Peterson, who rose in the London-Wall Street power axis after he wrote the justification for the Nixon Administration to end Roosevelt's Bretton Woods system, to swamp the world with speculation and destroy our manufacturing. Members of the Commission include many former heads of the Congressional and White House Budget Offices, who presided as "experts" over the transformation of the economy into a globalist casino.
Legislation proposed by the Peterson Commission is now under Congressional consideration, and President Obama has parroted Peterson's lie that Social Security and Medicare overspending are the cause of the dollar/debt crisis. The Washington Post marked the occasion of the "Red Ink" report's issuance with a lead editorial demanding enactment of the Commission's program.
At the press conference, when Alice Rivlin was asked if ending the present Asian wars might save money, the old crone replied that military spending is trivial compared to the government spending on the elderly, which she said takes money away from the younger generation. Other panelists said the states are spending too much on education, that governors who do not drastically cut services would soon be "out of office."
The spokesmen repeatedly predicted that some catastophic "triggering event" would come along to scare the population into submitting to the dictated destruction of living standards. They said that Obama and the Congress must now "get serious" on this throat-cutting, or face the financiers' threat of withdrawal of capital and ending of support for the government.
http://larouchepac.com/node/12795 | |
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