America’s Fiscal Collapse – Obama’s Budget Will Impoverish America

Guns and Butter – 11 March 2009, “America’s Fiscal Collapse – Obama’s Budget Will Impoverish America”
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• This is a radio interview of award winning author and economics Professor Michel Chossudovsky, director of the Centre for Research on Globalization, Montreal, which hosts the critically acclaimed website: www.globalresearch.ca. 
   
• From http://kpfa.org/archive/id/49073 :
     
  “America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” with economist and author, Michel Chossudovsky. 
   
  The administration’s 2010 budget will entail the most drastic curtailment in public spending in American history, leading to social havoc and the potential impoverishment of millions of people. Defense spending and bank bailouts will consume all government revenue resulting in fiscal collapse that will lead to the privatization of the state. 
   
• See also :
   
  Obama’s Wall Street & War Budget !

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