The so-called ’emergency legislation’ passed by the Senate and soon to be signed by President Obama, is a massive assault on poor and working people cutting possibly billions from social programs now and possibly more in the future-unless there is mass resistance to stop these cuts. All sectors of the working class will suffer with this legislation: children, seniors, students, women and especially people of color. Instead of making the banks and corporations pay by taxing them or closing corporate loopholes, the politicians have once again done the bidding of Wall Street to gouge poor and working people.
The real default is capitalism’s default to society as a whole. It is destroying the environment, undermining the health and well being of the entire population, promulgating racism, sexism and anti-lesbian/gay/bi/trans/queer oppression and anti-immigrant, anti-Muslim division. It is spreading war, intervention and occupation around the globe at the cost of trillions of dollars.
What about raising the debt ceiling to create a massive jobs program to achieve full employment? If the government is going to borrow more money, let it put the 30 million unemployed or underemployed workers back to work. Better yet, don’t raise the debt ceiling and instead create jobs with the funds that otherwise would go to the banks and bondholders.
Why should our class, the working class and the exploited, worry about a millionaire or billionaire missing an interest payment when 50 million people in this country are missing meals? Why should workers be concerned that some millionaires will not be able to pay the overhead on their mansions when millions are already homeless and millions more are threatened with foreclosure?
In fact, justice demands that the profits of the bankers and other financiers be used to aid the 47 million people who are on food stamps. It should be used to give health care to the 50 million people who have none because medical care has been turned over to the profit-seeking insurance companies and pharmaceutical monopolies.
The time has come to open up a struggle to fight back against a system that puts the profits of millionaires and billionaires above everything — as can be seen in the present debt-ceiling battle. An independent, grassroots, anti-capitalist struggle must be put on the agenda of poor and working people as the only way out of the present crisis.
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Fact sheet on what the rich have done to education:
http://www.defendpubliceducation.org/?q=node/2179
Read the National Nurses United statement:
Wisconsin Bail Out the People Movement 
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