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The American System New episode every Monday 7 pm PST 10 pm EST at americansystem.tv The current sequestration process is bad enough.

Austerity – the imminent, existential threat to the American people

In the ongoing economic depression, Washington and Wall Street have focused their attention on deficit reduction, emphasizing deep cuts into the entitlements and necessities of the American people. Looting Social Security, Medicare and other threads in our fragile social fabric is not only grossly unjust – it won’t work! The so-c

alled “Grand Bargain” represented by the recommendations of Simpson, Bowles and others threatens to unleash a death spiral of unemployment and poverty which our nation is not certain to survive.

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