10/03/14

Permalink .01% poverty-murder a million children monthly: that’s 1,000 miles of 4-lane freeway traffic

Carl Herman Consensus among leading organizations is that ending poverty would require an investment from developed nations of just 0.7% of their GNI (gross national income), with a total 10-year cost of between $1 trillion and $3 trillion. Current US wars since 9/11 have a long-term cost now between $4 trillion and $6 trillion. This means that the US alone could have ended global poverty just since 9/11 for half the cost for their wars (also for perspective, 11 days of ongoing war cost would pay all tuition for US public college students). The .01% hide $21 trillion to $32 trillion in offshore tax havens, with the top seven US banks hiding over $10 trillion. These hidden hoards would end poverty on ~10 to 42 Earths.

Paul Craig Roberts Poverty Report Contradicts GDP Claims || Washington has been conducting needless wars abroad for 93 percent of the 21st century at a cost of trillions of dollars. More trillions have been wasted bailing out banks that deregulation permitted to become “too big to fail.” During the past seven years, millions of Americans have lost their jobs and their homes, and food stamp rolls have reached record numbers. These hurting Americans have been ignored by policy-makers in Washington. Clearly, government in America is focused on something different from a healthy economy and the well being of citizens. We call it democracy, but it’s not.

Daniel Patrick Welch/PressTV: US is not a democracy, but a ‘firmly entrenched oligarchy’
Washington Post: The middle class is poorer today than it was in 1989

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