Austerity — the 1%’s Global Battle Cry (tags)
Whether we are left with the Fiscal Cliff or a Grand Bargain, workers in the U.S. face massive cuts to programs such as Medicare, Medicaid, Social Security, unemployment insurance, Food Stamp assistance and other needed social safety nets. This is an example of “austerity” which has largely been pursued in the U.S. until now, on a statewide and local level.