Running on Empty

Running on Empty

How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It

Book - 2004
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As George Bush Plans to Borrow Trillions in Order to "Save" Social Security and as Congress ponders endlessly rising deficit projections, Peter Peterson offers a crucial warning and a manifesto. Acclaimed by all sides of the political spectrum, and required reading for everyone concerned with America's long-term economic survival, Running on Empty outlines what we must do to ensure our children's economic future and calls on the Bush administration to confront a deep and disturbing problem that politicians of all parties have insisted on ignoring for too long. Book jacket.
Publisher: New York : Farrar, Straus and Giroux, [2004], ©2004
Edition: First edition
ISBN: 9780374252878
Branch Call Number: 339.523 Pe
Description: xxviii, 242 pages ; 22 cm


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Jan 06, 2014

In the bio it lists Peterson as Nixon's secretary of commerce, a position which Nixon fired Peterson from, but Peterson has been fired many times and expelled from MIT for massive cheating, which was probably how he came to the attention of David Rockefeller, his lifelong mentor and career spinner. (Peterson disagreed with Nixon's tariffs and other economic policies, advantageous to the American economy, but greatly upsetting to Peterson's mentor, David Rockefeller). Peterson would found the Blackstone Group (with seed money from Rockefeller) along with Yale Skull & Bones guy, Stephen Schwarzman [chose for that select frat by a committee including George W. Bush]. Peterson, along with David Rockefeller, would also found the Peterson Institute for International Economics ("Peterson Institute"), dedicated to ending Social Security, Medicare/Medicaid, and promoting the offshoring of as many American jobs as possible! Peterson is so concerned with entitlements, yet enjoys the greatest entitlement of them all, the ability create money through his PE firm. (That's create money not "earn it" - - by securities issues, ultra-leveraged speculation, tampering with the tax laws to allow his Blackstone Group to continue to pay the capital gains tax rate, instead of the legally mandated corporate tax rate when he took Blackstone Group public, tax evasion and avoidance, et cetera, et cetera) One of Peterson's most nefarious contributions to the Rockefeller family, and the super-rich, was getting appointed to head the Commission on Foundations, known as the Peterson Foundation (due to pressure on the politicians from the Rockefeller brothers) in response to Rep. Wright Patman's congressional report on how the super-rich hid their wealth and ownership, while avoiding taxation, in foundations and trusts. This commission, under Peterson, never accomplished any changes, of course! Later, Bill Clinton, phoney crat, would appoint Peterson to his commission "to end welfare as we know it"! Peterson's latest "achievement" is to establish an "austerity promotion group" within the New America Foundation, which is partially funded from his Peterson Foundation. (Foundations within foundations within foundations, sort of like those Russian boxes?)


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