Economic mayhem again
by Bruce Duncan
Economic commentators watched in shocked disbelief at the appalling politics that pushed the US government to the edge of default and imposed major cuts to public spending that will undermine prospects of a US and global recovery.
The Tea Party champions in the Republican Party displayed the very worst populism that threatens to bring the mighty US economy to its knees. Instead of learning from the mistakes of the global financial crisis, the Tea Party would compound them by refusing to raise taxes on the very rich, and unashamedly wants to cut spending on social services, heath and education.
In their naïve zealotry, the Tea Party extremists are like kamikaze pilots attacking their own ships, threatening to destroy the growth engines of western capitalism. Click HERE to read more. Photo: ‘MyEyeSees’, flickr CC
Australia, aid and global development
SPC Public Forum with Marc Purcell, Executive Director Australian Council for International Development
Tuesday 16 August, 7.30pm
98 Albion Rd., Box Hill.
Best entry via 34 Bedford St.
Click HERE for directions. Contact SPC: 0457 146 808 email@example.com;
Entry by donation. Tea and Coffee available afterwords.
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