Banking

This article is an extraction of material contained in "Dissent or Terror: How the Nation's 'Counter Terrorism' Apparatus, in Partnership with Corporate America, Turned on Occupy Wall Street," published by DBA Press and the Center for Media and Democracy.

Following the terrorist attacks of September 11, 2001, a nationwide "homeland security"/"counter terrorism" apparatus emerged. Components of this apparatus include the U.S. Department of Homeland Security, the Office of the Director of National Intelligence, the National Counterterrorism Center, and state/regional "fusion centers." Fusion centers, by and large, are staffed with personnel working in "counter terrorism"/ "homeland security" units of municipal, county, state, tribal and federal law enforcement/public safety/"counter terrorism" agencies. To a large degree, the "counter terrorism" operations of municipal, county, state and tribal agencies engaged in fusion centers are financed through a number of U.S. Department of Homeland Security grant programs.

An odd couple made an appearance on the University of Wisconsin-Madison campus recently: Tea Party Senator Ron Johnson and Madison's progressive Congressman Mark Pocan. The two were invited to participate in a conversation about the national debt hosted by a local student organization and a bevy of national groups, including the Comeback America Initiative, the Concord Coalition, the Can Kicks Back, and the Campaign to Fix the Debt. On the agenda: debt, deficits, and the economy.

With President Obama fielding cynical cuts to Social Security to appease the Fix the Debt crowd and reach a budget deal, groups are teaming up to point out that there would be a lot less concern about the budget deficit if corporate America did what average Americans have to do and actually pay taxes. Taking advantage of loopholes, tricks and deductions, many U.S. companies pay far below the required 35% tax rate, and some, like General Electric have a negative tax rate. New web resources are shining a light on the firms and individuals that manipulate the U.S. tax system to their benefit, putting more of the burden on America's middle class.

Campaign for America's Future writer Richard Eskow puts two important headlines together from this week, about the budget cuts which will go into effect on Friday harming average Americans and the poor and the ongoing corporate welfare the U.S. government is handing out to the "too big to fail" banks on a daily basis.