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

Guns and Butter – “America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” “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.