It would be nice if it were simply Pete Peterson's doing (as the Austerian Lenin). But if he didn't exist, there are lots of millionaires, billionaires, and financiers who could fill his Gucci combat boots. Austerity is the program of one wing of the world ruling class. Long before Peterson's rise in prominence, the IMF imposed austerity on a lot of poorer countries. Now, as the rich countries' economies are becoming more like the those of the poorer ones in terms of economic dependency, the IMF and the rest are applying the same policies to them. And our Noble and Wise President is part of that crowd.
Meet the Billionaire Bankrolling Austerity, As He Stands to Make > Billions More From Privatization of Safety Net > The debunked Reinhart-Rogoff study, used as justification for deadly > austerity programs, was pushed by none other than debt-obsessed Pete > Peterson. > April 29, 2013 | > > The motivation behind the world-wide economic con of austerity has > been discovered. And, the source is none other than Pete Peterson – > the debt-obsessed billionaire who stands to make billions off the > privatization of our social safety net. Just days ago we told you how > a 28-year-old grad student debunked the Reinhart-Rogoff study used to > push austerity throughout the world. Well, now we know why Republican > “fuzzy math” was used in the first place. Pete Peterson's > organizations bankrolled that study. > > Kenneth Rogoff, one of the study's leading authors, is a member of the > Advisory Board at the Peterson Institute, which published the > pro-austerity study. And, Carmen Reinhart is a regular participant of > Peterson Institute functions, along with the likes of Paul Ryan and > Alan Simpson. While the now-debunked study's math might have been > written off as a mere error by the authors, the link to Peterson > indicates that ideology, rather than incompetence, is the cause. > -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
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