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"Serious as a Heart Attack": RoseAnn DeMoro Explains How to Raise $350 Billion from Financial Transaction Tax

Bill Moyers talks to RoseAnn DeMoro of National Nurses United about the union's march in Chicago for the Robin Hood Financial Transaction Tax.

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I don't know what they think, how they think we're going to solve the problem. You know, there's a deficit created by speculation. And all of a sudden working people are supposed to pay for the deficit, that's the rallying cry? Like a deficit that working people didn't cause, that that's the priority of this country to resolve a deficit caused by Wall Street rather than job creation?

BILL MOYERS: But, you know, I don't know anyone who understands the castle better from the battering ram side than you. You've been out there with a battering ram for a long time. Trying to change Washington is virtually an impossible task, because of the entrenched, systemic corruption by which the town now runs.

ROSEANN DEMORO: Absolutely. The current way we practice politics, we are headed for devastation. I would agree with that. The only way we can do that is by changing ourselves. I'm very tired of all of us being disappointed in Democrats. I mean, okay, how many more Democrats can we be disappointed in? I-- we have got to change ourselves. We have got to-- that's why I like the Occupy movement.

And hoping that it, you know, moves with structure and reform. And I'd say, you know, kind of non-reformist reforms. Like the financial transaction tax, because what that does is it starts having a different view on speculation and what's a responsibility to society. But Occupy is extremely important to us, because it actually doesn't buy into the fact that we're all in this together.

We have been in this we're all in this together bubble fantasy for so long. I mean, you know, things were supposed to trickle down. And then all of a sudden, we were supposed to be part of some bubble up. And I mean, it's just everything's trickling, but it's trickling up.

BILL MOYERS: But suppose you get the $350 billion. What if it's spent on bombing Iran?

ROSEANN DEMORO: Well, precisely. We're not earmarking the money. We're not saying, "Okay, we want $350 billion. And this part should go to health care and this part should go to education." What we're saying is that part of the process of obtaining the financial transaction tax is the movement itself.

Because if we can engage people to actually engage the legislators-- I mean we have to continually hold them accountable. We can never give our power away. And we can never buy into the lies that have been told to us for so long. I mean, I don't even recognize, you know, liberals anymore. I don't even—

BILL MOYERS: What do you mean?

ROSEANN DEMORO: Well, they will invariably be apologetic for anything that comes down. In health care reform, liberals, we want single payer. We absolutely want single payer. And then suddenly single payer was off the table. Even the president said at one point in time he supported a single payer system. Boy, you never hear those words anymore.

Then everyone said, "Okay, well, we're you know, we're drawing the line on the public option. We will never ever compromise off the public option." All of a sudden public option's gone. And then it came to an individual mandate. "We will never agree to tax, you know, workers benefits. We'll never agree to tax our health care benefits." And now all of a sudden liberals are rallying around taxing health care benefits. It's like how low can you go? So I have, for myself and hopefully for a lot of other people, I'm looking at a stage now for absolutes. There's got to be—

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