Thousands of people took to the streets again in Spain at the end of August to protest against the Spanish parliament’s decision to include debt ceiling regulations in their Constitution. This is not a problem to be faced by the Spanish people alone. The IMF and the members of the Eurozone are actively promoting debt ceiling policies in many other countries around the world. This would force governments to cut or end social programs in order to pay their national debt. Only in Spain, the debt ceiling proposal would imply a budget cut of over 8,000 million euros, if it were to be implemented today.
The debt ceiling solution, a dubiously realistic goal from a purely economic point of view, is being imposed by the very same financial powers that were bailed out at the beginning of the financial crisis. The same institutions that were rescued with our money not so long ago are now going after the money that governments spend to guarantee social rights, such as education and health care. We won’t let them get away with it. Not without a fight.
Democracia real Ya (Real Democracy Now) has been actively protesting against the misuse of public funds by corrupt politicians since the 15th of May. Likewise, we now firmly oppose these debt ceiling policies, because we do not want our politicians to misspend taxpayers’ money, in order to guarantee the payment of the national debt and thereby secure the financial sector’s ruling position at the expense of our most basic rights.
We refuse to accept any debt ceiling policy unless social benefits are preserved through compensatory measures such us: raising taxes on higher incomes and profits, creating a tax on financial transactions (the Tobin tax), controlling tax havens, and regulating markets. If we don’t react now, it might soon be too late.
Let’s unite in this non-violent fight against corporatocracy. We are not goods in the hands of politicians and bankers. Real democracy NOW!