Transgenerational Financial Terrorism

After 20 years of leadership by two like-minded, neoliberal-inclined parties, that debt ? our debt ? is on track to reach $7384 by September 2004. In a 2003 survey on transgenerational accounting, economists working for the U.S. Treasury identify $43 trillion in unfunded government liabilities. At every turn, this expanding liability ? our liability ? was used to expand the wealth of the already-wealthy … From 1992 to 2000, the income of the top 400 taxpayers grew at 15 times the rate of the bottom 90 percent. By 2000, America’s deficit-subsidized few were pocketing an average annual income of $174 million ($87,000 per hour), nearly quadruple their $46.8 million average in 1992 … To keep their lawmaker lackeys in line, Wall Street money managers and stockbrokers now account for 71 of the nation’s top 400 political contributors.