AUDIO "America's Fiscal Collapse - Obama's Budget Will Impoverish America"Radio Interview with Michel Chossudovsky, Guns and Butter, Pacifica (KPFA)Mar. 19, 2009 |
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![]() Click to listen "America's Fiscal Collapse - Obama's Budget Will Impoverish America" with economist and author, Michel Chossudovsky Guns and Butter, KPFA The administration's 2010 budget will entail the most drastic curtailment in public spending in American history, leading to social havoc and the potential impoverishment of millions of people. Defense spending and bank bailouts will consume all government revenue resulting in fiscal collapse that will lead to the privatization of the state. Download this clip (mp3, 10.28 megabytes) Play this clip in your Computer's media player To consult Michel Chossudovsky detailed article on the process of fiscal collapse, click below: America's Fiscal Collapse - by Michel Chossudovsky - 2009-03-02 Excerpt At first sight, the budget proposal has all the appearances of an expansionary program, a demand oriented "Second New Deal" geared towards creating employment, rebuilding shattered social programs and reviving the real economy.America's Fiscal Collapse |