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With Obama and Congress Poised to Gut Social Spending, Pentagon Demands Billions in 'Cybersecurity' Handouts

Call it another sterling example of corporate-flavored "bipartisanship."

With a government shut-down looming over a manufactured "deficit crisis," the World Socialist Web Site reports that the "Obama administration and congressional Democrats have offered to triple the amount of cuts in social spending for the remainder of the current fiscal year, from $10 billion to $30 billion, in ongoing talks with congressional Republicans that face an April 8 deadline."

Leftist critic Patrick Martin comments that these "cuts would be the largest ever imposed in a single year's federal budget." If passed, the "cumulative effect" of slashing social spending in FY2011 will be "much greater" over time. In fact, according to estimates, "the House Republican plan would result in social spending that is $1 trillion lower over ten years."

Grand Theft Wall Street

While legislators in a score of s

Added: Apr-7-2011 
By: absu69
Tags: Budget, Defense, Dept, Welfare
Views: 7837 | Comments: 5 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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