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Elizabeth Warren discusses how the dreams of the middle class american family are being depleted by the dramatic increase in bankruptcies and foreclosures. Warren discusses the role that credit card companies and ballooning interests rates have played in rapidly increasing mortgage rates as well as the how the over consumption myth is clouding our understanding of the average middle class family, who is in fact experiencing a lower standard of living than their parents and still finding themselves one payment away from losing their home. Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School and chaired the Congressional Oversight Panel created to investigate the U.S. banking bailout . This program originally aired in April 2004. it is being re-aired because Professor Warren's predictions of economic disasters and the reasons for them have proven correct, and she is a candidate to head a commission to guard against recurrence. The Massachusetts School of Law also presents information on important current affairs to the general public in television and radio broadcasts, an intellectual journal, conferences, author appearances, blogs and books. For more information visit http://www.mslaw.edu

WASHINGTON -- Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good.

If you had to choose between the advice of successful investor Warren Buffett or political hack Grover Norquist on how to fix our nation's fiscal ills, who would you trust? For most Americans, that's an easy question, because taxing the rich rather than bankrupting America sounds like a good idea to most of us.

I've written before about the crisis of inequality in the United States and about the quasi-religious abhorrence of "wealth redistribution" that causes many Americans to oppose tax increases, even on the ultra rich. The conviction that taxation is intrinsically evil has achieved a sadomasochistic fervor in conservative circles-producing the Tea Party, their Republican zombies, and increasingly terrifying failures of governance. Happily, not all billionaires are content to hoard their money in silence. Earlier this week, Warren Buffett published an op-ed in the New York Times in which he criticized our current approach to raising revenue. As he has lamented many times before, he is taxed at a lower rate than his secretary is. Many conservatives pretend not to find this embarrassing. Conservatives view taxation as a species of theft-and to raise taxes, on anyone for any reason, is simply to steal more. Conservatives also believe that people become rich by creating value for others. Once rich, they cannot help but create more value by investing their wealth and spawning new jobs in the process. We should not punish our best and brightest for their success, and stealing their money is a form of punishment. Of course, this is just an economic cartoon. We don't have perfectly efficient markets, and many wealthy people don't create much in the way of value for others. In fact, as our recent financial crisis has shown, it is possible for a few people to become extraordinarily rich by wrecking the global economy. Nevertheless, the basic argument often holds: Many people have amassed fortunes because they (or their parent's, parent's, parents) created value. Steve Jobs resurrected Apple Computer and has since produced one gorgeous product after another. It isn't an accident that millions of us are happy to give him our money. But even in the ideal case, where obvious value has been created, how much wealth can one person be allowed to keep? A trillion doll

Elizabeth Warren discussing the debt crisis, fair taxation and other important issues as part of her talking tour.

Elizabeth Warren on The Daily Show with Jon Stewart, as compiled by MoveOn.org

Occupy Wall Street: The Beginning Joe Rogan on Occupy Wallstreet:http://www.youtube.com/watch?v=DjMcDXGkR8I Network -- Corporate Cosmology:http://www.youtube.com/watch?v=BqEcLlp_Big THE CORPORATION [1/23] What is a Corporation?:http://www.youtube.com/watch?v=Pin8fbdGV9Y What CNN doesn't want you see ever again:http://www.youtube.com/watch?v=E_2aTzC_4kY Poll: Americans Distrust Governmenthttp://www.youtube.com/watch?v=ylEEnEp0Lbg Elizabeth Warren: Death of the Middle Classhttp://www.youtube.com/watch?v=PBf70qX1sBw Dylan Ratigan (rightfully) loses it on air:http://www.youtube.com/watch?v=gIcqb9hHQ3E GREEN WAR:http://www.youtube.com/watch?v=BQ864ucbR_4 Network - Mad as hellhttp://www.youtube.com/watch?v=90ELleCQvew In the House, In a Heartbeat - John Murphy:http://www.youtube.com/watch?v=ST2H8FWDvEACategory:News & Politics