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

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



Bonnie Faulkner
Global Research
March 16, 2009


Radio Interview with 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.