A single Wall Street firm will distribute [$20.2 billion] more than twice as much money to a few hundred executives as the US government spends on the State Children’s Health Insurance Program serving millions of children of low-paid workers, and more than the federal government spent this year on Hurricane Katrina reconstruction and relief.
Goldman Sachs total annual compensation exceeds the budget of the federal departments of Treasury, Justice, Labor, Agriculture or Interior, the EPA or NASA.
Such figures demonstrate the grotesque distortions inflicted on American society by the domination of financial speculators whose activities create nothing of value and have, from the standpoint of material production, an entirely parasitic and destructive impact.
