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The “debt ceiling” crisis playing out between President Biden and Congressional Republicans is manufactured by capitalism to justify spending cuts to critical social programs while continuing to bail out big businesses and fund the Pentagon’s endless war drive.
This comes after the taxpayer-funded bailouts of Silicon Valley Bank, Signature Bank and First Republic Bank show the willingness of the capitalist system to do everything it can to keep itself afloat.
To talk about the debt ceiling, bank bailouts, inflation and more, we’re joined by Chris Caruso from the Kairos Center for Religions, Rights & Social Justice.
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About the Author
Rachel Hu is a journalist with “BreakThrough News,” a new independent media project, where she hosts the podcast “It’s Not You, It’s Capitalism.”
She is also a host on WBAI 99.5FM in NYC and has been an anti-war and anti-racist activist with the ANSWER Coalition for the last decade.
Rachel can be reached at: email@example.com.
Chris Garaffa has been an anti-imperialist and social justice organizer since joining the movement against the Iraq war in 2003.
Chris is a weekly guest on Sputnik Radio’s “By Any Means Necessary,” and co-hosts the podcast “The Reboot,” focusing on the intersection between technology and human rights.
Chris can be reached at: firstname.lastname@example.org.