Toggle Menu

Chalmers Johnson: America’s Going Bankrupt

From Tom Dispatch: The current economic crisis is caused by policies that tax the richest Americans at strikingly low levels and spend huge sums on defense projects that have no bearing on national security.

Chalmers Johnson

January 23, 2008

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

.

Chalmers JohnsonChalmers 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).


Latest from the nation