“…Why is Wall Street pressing their minions in Washington so hard to pass this shameful bill? For decades, big business has more and more relied on automation and global production networks to lower labor costs and increase profit margins. But now they face the dead end of overproduction and a declining rate of profit. To increase profits they are driven to lower their own taxes while at the same time vastly increasing the deficit.
They will then use the existence of a large deficit as their excuse to destroy every hard-won social program starting with the New Deal passed during the 1930s depression. This includes cutting Social Security, Medicare, Medicaid, food stamps, the Children’s Health Insurance Program and so much more, while they wallow in their hoarded wealth.
The protests so far, strong as they are, are only a beginning. Millions of workers and oppressed people are waking up to what big business and their politicians have in store: one harsh austerity measure after another. By taking to the streets and disrupting “business as usual,” the workers and poor can win this fight. And will.