U.S. Debt Woes Expose Hidden Austerity and Looting of Public Assets

Monday, October 18, 2010
By Paul Martin

Eric Blair
Activist Post.com

The austerity sharks are circling their wounded prey. The U.S. economy continues to collapse amid dwindling stimulus funds, while states are barely able to keep their heads above water. In addition to cutting vital services to taxpayers, and seeking tax increases, some states are also selling off public assets in the politically acceptable name of privatization. This mass looting is happening just below the surface where the public, buried by their own individual problems, can hardly tell that it is happening.

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