Chalmers Johnson: America's Going Bankrupt

By Chalmers Johnson

January 23, 2008

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In this excerpt from Cinema Libre Studio's Speaking Freely series, Chalmers Johnson explores the current economic crisis caused by keeping income tax burdens on the richest Americans at strikingly low levels, while spending huge sums on defense projects that have no bearing on national security. Read his essay "Going Bankrupt, Why the Debt Crisis Is Now the Greatest Threat to the American Republic" on TomDispatch.com.

About Chalmers Johnson

Chalmers Johnson is the author of more than a dozen books, including Revolutionary Change (Stanford), Blowback: The Costs and Consequences of American Empire (Holt/Owl) and, most recently, The Sorrows of Empire: Militarism, Secrecy, and the End of the Republic (Metropolitan). more...
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