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Chris Hedges. Image via Wiki Commons.
Chris Hedges' statement on Occupy Wall Street read in part:
As part of the political theater that has come to replace the legislative and judicial process, the Securities and Exchange Commission agreed to a $550 million settlement whereby Goldman Sachs admitted it showed "incomplete" information in marketing materials and that it was a "mistake" to not disclose the nature of its portfolio selection committee. This fine was a payoff to the SEC by Goldman Sachs of about four days' worth of revenue, and in return they avoided going to court. CEO Lloyd Blankfein apparently not only lied to clients, but to the subcommittee itself on April 27, 2010, when he told lawmakers: "We didn't have a massive short against the housing market, and we certainly did not bet against our clients." Yet, they did.
Finally, as President Obama has announced, this American war will soon be over, with most of the 44,000 American troops still in Iraq coming home in time to be with their families for Christmas.
The initial feelings that rushed over me after hearing the White House announcement were of deep relief. But then they turned to deep sadness over the terrible cost of a war that was, from the beginning, wrong; intellectually, politically, strategically and, above all, morally wrong.
The War in Iraq was fundamentally a war of choice, and it was the wrong choice.
Let’s face it — while lawmakers are picking their own battles in Washington, they aren’t fighting on the ground in Afghanistan. Winning elections has become more important than implementing winning foreign policy strategies that would end the war and bring our service men and women safely home.
And it’s my generation that’s being sacrificed.
We're sorely missing the servant leadership of America's CEOs on matters of corporate taxation.
As Congress contemplates trillions in budget cuts that will worsen poverty and undermine the quality of life in America, consider these findings from a new report that I co-authored, "Massive CEO Rewards for Tax Dodging," by the Institute for Policy Studies.
Last year, the compensation of 25 CEOs at major profitable U.S. companies was larger than the entire amount their company paid in U.S. corporate taxes.
These 25 include the CEOs of Verizon, Boeing, Honeywell, General Electric, International Paper, Prudential, eBay, Bank of New York Mellon, Ford, Motorola, Qwest Communications, Dow Chemical, and Stanley Black and Decker.
They say at some point in their lives great leaders experience a "dark night of the soul," or a period in life when your feet, knees, and face scrape and stick to the proverbial bottom." It is a time when even your soul feels forsaken. Ultimately, the dark night is not about the suffering that is inflicted from outside oneself, even though that could trigger it. It is about the existential suffering rooted from within. St. John of the Cross, the 16th century Carmelite priest, described it as a confrontation, or a healing and process of purification of what lies within on the journey toward union with God.
"Whenever you face trials of any kind," explained the apostle James, "consider it nothing but joy, because you know that the testing of your faith produces endurance; and let endurance have its full effect, so that you may be mature and complete, lacking in nothing." (James 1:2-4)
The debate we have just witnessed has shown Washington, D.C. not just to be broken, but corrupt. The American people are disgusted watching politicians play political chicken with the nation's economy and future. In such a bitter and unprincipled atmosphere, whoever has the political clout to enforce their self-interest and retain their privileges wins the battles. But there are two casualties in such political warfare: the common good and the most vulnerable.
So how will vulnerable people fair under this deal? "The Circle of Protection," a diverse nonpartisan movement of Christian leaders, has been deeply engaged in the budget debate to uphold the principle that low-income people should be protected. But it is hard to evaluate a deal that averts a crisis when the crisis wasn't necessary in the first place. Over the past few weeks, our economy has indeed been held hostage as politicians negotiated the price of the release. Ultimately, I think most of us wish that no hostages had been taken in the first place, and this was no way to run a government or make important budget decisions.
Smack dab in the middle of the Lord’s Prayer, obscured by old translations and otherworldly assumptions, is a radical cry for Jubilee justice
In 2010, the moral measure of tax policy choice is: Does it further concentrate wealth and power in the hands of a few?
While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.