Its by Elizabeth Warren ,
Warren declared her intention to run for the Democratic nomination for the 2012 election in Massachusetts for the United States Senate. The seat had been won by Republican Scott Brown in a 2010 special election after the death of Ted Kennedy]
A week later, a video of Warren speaking in Andover became popular on the internet. In it, Warren replies to the charge that asking the rich to pay more taxes is "class warfare," pointing out that no one grew rich in America without depending on infrastructure paid for by the rest of society, stating:
Once elected in n May 2013, Warren introduced her first bill, the Bank on Student Loans Fairness Act, which would allow students to take out government education loans at the same rate that banks such as Goldman Sachs and J.P. Morgan Chase pay to borrow from the federal government. Suggesting that students should get "the same great deal that banks get," Warren proposed that new student borrowers be able to take out a federally subsidised loan at 0.75%, the rate paid by banks, compared with the current 3.4% student loan rate.There is nobody in this country who got rich on his own. Nobody. ... You moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea. God bless. Keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.
] Endorsing her bill days after its introduction, Independent Senator from Vermont Bernie Sanders the only US senator who could be called a Socialist stated: "the only thing wrong with this bill is that [she] thought of it and I didn’t"
The sad thing is that I can't see any senior Labour Party leader making such a speech.
Instead we get Ed Miliband squirming when Cameron accuses Labour of being the "Welfare Party"
He should take this as compliment and defend the Welfare State and ask Cameron what is so wrong in being a party that backs it.
Except Labour is not doing so. Indeed they are only putting up token resistance to the Con/LibDem attack on the welfare state .
As UK politics moves to copy the US in that there is very little real difference between the major parties and some on the left support the Democrats or Labour because they are a little bit more sympathetic to the dispossessed . We in Wales as in Scotland have an option to end this.
But it can only come through Independence for both Nations.
Or being Better Together under the Tories or a Labour Party who wield the same axe but mutter words of sympathy what we want.