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View Full Version : Listen Up, Budget Cutters. Austerity Can Lead to Blood on the Streets



spiritguide
8th December 2013, 14:41
With the controllers trying to now steal pension and retirement funds we are approaching a treshold that might have negative consequences. This article explains why and the red states just might lead the way.

Article lead in...

Listen Up, Budget Cutters. Austerity Can Lead to Blood on the Streets, Even in America
Researchers find statistical evidence that austerity policies are linked to explosive unrest.

AlterNet / By Lynn Stuart Parramore

December 6, 2013

Squeeze and push. Punish and strain. Since the global financial crisis of 2008, elites across the world have been on a tear against ordinary citizens, promoting austerity policies that strip hard-working people of their jobs, their security, and their dignity. In many places, people have pushed back — violently. Maybe you’ve been wondering if it could happen here, too.

In some corners of America, plutocrats seem to be experimenting to find out. In North Carolina, discount store tycoon Art Pope, a close ally of the Brothers Koch, is installed in the office of State Budget Director, where he has placed his boot firmly on the neck of the public with regressive policies, including the denial of Medicaid expansion to 500,000 of the needy, slashes in unemployment benefits to 170,000 people, devastating cuts to education, and voter suppression to make sure it all sticks.

These actions have led to protests across the state, most prominent among them the Moral Monday demonstrations led by Rev. William Barber. Do a quick Google search of the terms “North Carolina” and “unrest”, and you find plentiful headlines testifying to an increasingly jittery population. The police have even resorted to sending undercover agents to church gatherings to collect information on presumed “anarchists” among the protesters.

So far, U.S. protests have been remarkably peaceful. What conditions have to happen before things get really ugly?

The work of Jacopo Ponticelli and Hans-Joachim Voth may help us find out. They are economists at Universitat Pompeu Fabra in Spain, the scene of massive —and often violent — anti-austerity demonstrations since the global financial crisis of 2008.

For a long time, academics have tried to understand which factors are involved in creating explosive social environments. For example, economist Ed Glaeser, who studied race riots in the U.S., found that you typically need two ingredients to spark racial violence: racially mixed neighborhoods and unemployment. Hard times alone weren’t enough do it.

Ponticelli and Voth decided to look closely over the history of Europe from 1919 to 2009, examining such events as riots, demonstrations, political assassinations, government crises, and attempted revolutions. Researching everything from minor civil disturbances to full-blown attempts to overthrow the established political order, the economists studied the conditions that attended explosive outbreaks of anger and dissatisfaction.

You might think that poverty would be enough of a catalyst to drive people to the streets. You would be wrong.

Hard times + austerity = chaos

Link to rest of article...

http://www.alternet.org/economy/austerity-and-riots?paging=off&current_page=1#bookmark

More or less a how to for really pissing people off.

Peace!

Mulder
8th December 2013, 22:17
Hard times + austerity = chaos

More or less a how to for really pissing people off.Peace!

I don't know what it will take to wake most people up and get them out in the streets. I really think most people are never going to wake-up and would rather starve to death than fight for their rights. Although, I disagree with rioting, etc. as the control system would then have power to crack down...

Vitalux
8th December 2013, 22:23
Thank goodness for me I don't have a pension fund to have to worry about. :thumb:

RunningDeer
8th December 2013, 23:05
Orr’s euphemism is a kicker: “...Orr will present a "plan of adjustment" in bankruptcy court that will clarify how much pensions will be cut.”

Detroit Bankruptcy: Wall Street, Lost Revenues Forced Decline, But City Pensioners to Pay the Costs


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Published on Dec 4, 2013

http://www.democracynow.org - A federal judge has approved Detroit's bid to qualify for bankruptcy, putting the city on a path to financial recovery -- but threatening the livelihoods of thousands of city workers. In a landmark decision that could harm retiree benefits nationwide, federal Judge Steven Rhodes ruled that federal bankruptcy law can override state laws that protect public pensions. That clears the way for Detroit to make major cuts to the health and retirement benefits of city employees. The city faces about $18 billion in debt, of which $3.5 billion is pension obligations. Detroit's Emergency Manager Kevyn Orr has told public unions to brace for "significant cuts," but has not laid out details.

Workers' pensions in Detroit average around $19,000 per year. By the new year, Orr will present a "plan of adjustment" in bankruptcy court that will clarify how much pensions will be cut. The plan may also include a "fire sale" of city assets that could result in public utilities and the Detroit Institute of Arts collection being bartered off to private bidders. Detroit's bankruptcy filing marks a grim milestone in the decline of what was once the country's fourth-largest city, known as the Motor City, the birthplace of the middle class. We are joined by Wallace Turbeville, Senior Fellow at Demos and former Goldman Sachs executive who has just authored the new report, "The Detroit Bankruptcy." Turbeville argues that Detroit's problems stem not from its liabilities but from a decline in public revenues and involvement in harmful Wall Street schemes. 



Democracy Now!, is an independent global news hour that airs weekdays on 1,200+ TV and radio stations Monday through Friday. Watch it live 8-9am ET at http://www.democracynow.org.



spiritguide
9th December 2013, 02:30
Look into all the ALEX state sponsered legislation and you will see who is taking it all down. The sponsors of these bills need to be identified and voted out. They are more aligned with organizations than the people of the states. IMHO

Peace!