US Debt Ceiling Debate: All About Cuts to Social Programs

“Interesting game of chicken, isn’t it? It seems that Wall Street, the banksters and the capitalist ruling class as a whole have to decide how close to come to the brink of default, in order to force through their program of austerity on a terrified population.” Read the rest of a statement from Solidarity here.

More from economist Dean Baker (who’s right to see the attack on social programs, but doesn’t recognize that the roots of the economic crisis go deeper than the collapse of the housing bubble in the US) here.