The Nation.



Chalmers Johnson: America's Going Bankrupt

By Chalmers Johnson

January 23, 2008

» More

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...

Popular Topics
Most Searched

Issues »

Most Emailed

Issues »

Blogs

» The Beat

Jesse Helms, John McCain and the Mark of the White Hands | The people who helped the North Carolina senator run race-baiting campaigns are now helping the Republican presidential candidate.
John Nichols

» The Dreyfuss Report

Obama Iraq Transcript | We report, you decide.
Robert Dreyfuss

» Campaign 08

Obama Visits the Blue State of North Dakota | The presumptive nominee understands something most DC strategists still don't get:
John Nichols

» ActNow!

Of House and Home | Urge Congress to fight back against the subprime swindle.
Peter Rothberg

» Passing Through

Leveraging the Power of Celebrities | With the help of Web 2.0 tools, celebrities can contribute more than just hype to this election cycle.
Michael Connery

» Capitolism

Mid-Day Links | Speed the onrush of the holiday weekend with these fine internet products!
Christopher Hayes

» The Notion

Dissing Doctors | Some Medicare facilities may not be paying out what they should in tax, but if we want to talk about who's making out in our medical system let's keep some perspective.
Laura Flanders

» Editor's Cut

To Israel, via J Street | Organization aims to give voice to an open and dynamic debate about the Middle East peace process.
Katrina vanden Heuvel

» And Another Thing

Preachers and Politics | Secularism looks better and better.
Katha Pollitt