Surviving Capitalism (Not) : Banks Bailed Out By American Taxpayers Are Paying Us Back By Shorting Our States and Cities

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Wednesday, April 28, 2010

Banks Bailed Out By American Taxpayers Are Paying Us Back By Shorting Our States and Cities

from Washington's Blog.

...by letting the bailed out gamblers on Wall Street run amok, Summers, Geithner, Bernanke and the gang are increasing the odds that the states and cities of America - you know, the actual constituent parts which make up the United States - will need to be bailed out.