Produced by:
KBOO
Program::
Air date:
Tue, 08/02/2011 - 8:00am to 9:00am
Farewell, American democracy. We hardly knew ye. Abe dicusses the latest in the debt ceiling debacle
The triumph of the ruling class is at hand. With a vote in Washington looming, the America in which we have all grown up is primed for sacrifice on the altar of tax cuts and deficit reduction. Congressional Republicans threatened to blow up the global economy unless they got exactly what they wanted -- and the president gave it to them. Our political system is wholly, finally, broken.
In one of the great ironies of the modern age, the core principals of the Democratic Party -- even Social Security and Medicare -- are on the verge of being dealt away by a Democratic president. Many progressives allowed themselves to believe that Barack Obama would be the second coming of FDR. Turns out he's not even a warmed-over Bill Clinton.