Crossville Chronicle, Crossville, TN

November 13, 2012

WE THE PEOPLE: Greater profits for the already wealthy

By Pat Vaughn
Chronicle contributor

CROSSVILLE — It appears the long range “plans” made by and for the extremely rich, plans to make quick and easy profits from every possible corner of our country, are scheduled for our very near future.  

First, there is money to be made by profiting from our unnecessary and planned wars! Namely, and most recently, our invasion of Iraq and the continuation of the Afghan war, with profits going to Blackwater, Halliburton, Brown & Root... sound familiar? It should. We have paid private defense contractors hundreds of billions over the past ten war years. These war expenditures are, after all, the central reason for our current U.S. huge “deficits”! Trillions are already in the books, with more to follow.  This past June, Reuters reported that the total cost of the Afghanistan and Iraq actions will be somewhere between $3.7 trillion and $4.4 trillion!  Do not doubt that more “investors” are already in line to benefit from a new “Iranian” war by the U.S.

Public schools appear to be next in line for “privatizing,” changing to “charters” where once again, “investors” will be the financial beneficiaries. Existing teacher pay AND benefits will be “adjusted” and put under control of those who manipulate these privatized institutions... this is all ready under way. Government spends almost a trillion dollars a year on education at federal, state and local levels, and profiteers want their cut.

Similarly, prisons have been “privatized,” with the debts already put in the government budget offering huge profits to those limited and special “investors”! Supposedly, a third of current prisoners are punished up to five years just for simple marijuana possession. Thanks to the pro-prison lobby, we now have more people behind bars than any other country in the world (almost all of them poor, of course).  Many prison systems have become just another example of a very easy way to maintain a continual flow of huge profits from public money (your taxes!) to the “right” people.

Privatizing Social Security has been planned for years.  Supposedly, $3 trillion is owed to the Social Security funds because of “loans” made to the federal government over the past years. Privatizing Social Security funds will allow these owed billions from the government to be absorbed by “vulture” capitalists (“Bain Capital” sound familiar?) with continued payroll deductions added each year with the funds “invested” in the stock market... the manipulated stock market. Bought low, sold high and wiped out periodically to control the market. The losers will be the “recipients” of Social Security. Expect Medicare and Medicaid to be manipulated in the same way.

You can also expect, however, that only the existing extremely rich will be allowed to be members of this exclusive “investment” club. They are the only ones wealthy enough to buy and sell companies. They are the only ones wealthy enough to buy and sell our government. They don’t call it “privatizing” for nothing.

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This column represents alternative thoughts to other published columns in the Crossville Chronicle. “We the People” is published each Wednesday. Opinions expressed in “We the People” columns are not necessarily those of the Crossville Chronicle publisher, editor or staff. For more information, contact John Wund, editor, at