BTS 8/13/10: European Crisis; Crumbling Infrastructure; 14th Amendment Attacks

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Katrina vanden Heuvel discusses the state of our literally crumbling nation. While deficit hawks and obstinate Republicans dominate the discourse in Washington, roads disintegrate, jobs and services disappear, and the lights are literally going out in cash-strapped cities across America. Yesterday's editorial on TheNation.com says that with this kind of "downsized politics," good proposals to revive the economy are "left foundering," and Americans are left with no relief in sight.

Michael Hudson joins us to make sense of the economic news coming out of the Eurozone. Economists in the mainstream are celebrating as Germany posts its biggest growth in 2 decades, but the picture remains dire throughout the rest of the continent. Far from responding to the "medicine" of austerity, Europe seems to be sliding even further, with serious implications for the world economy.

Harold Meyerson joins us to talk about "Why the GOP really wants to alter the 14th Amendment." By pushing to revoke the citizenship of the children of undocumented immigrants, Myerson says the Republicans are trying to "preserve their political prospects as a white folks' party in an increasingly multicolored land" - by, ironically, undoing one of the greatest historical achievements of the Republican Party. We'll discuss the political perils and prospects of a nation in the throes of crisis.

Read More for info on tonight's guests:

1. Katrina vanden Heuvel has been The Nation's editor since 1995 and publisher since 2005. She is the co-editor of Taking Back America--And Taking Down The Radical Right (NationBooks, 2004) and, most recently, editor of The Dictionary of Republicanisms, (NationBooks, 2005). She is also co-editor (with Stephen F. Cohen) of Voices of Glasnost: Interviews with Gorbachev's Reformers (Norton, 1989) and editor of The Nation: 1865-1990, and the collection A Just Response: The Nation on Terrorism, Democracy and September 11, 2001. Her weblog for thenation.com is "Editor's Cut." Katrina is a member of The Council on Foreign Relations, and she also serves on the board of The Institute for Women's Policy Research, The Institute for Policy Studies, The World Policy Institute, The Correctional Association of New York and The Franklin and Eleanor Roosevelt Institute.

2. Michael Hudson is a former Wall Street economist specializing in the balance of payments and real estate at the Chase Manhattan Bank (now JPMorgan Chase & Co.), Arthur Andersen, and later at the Hudson Institute (no relation). In 1990 he helped established the world's first sovereign debt fund for Scudder Stevens & Clark. Dr. Hudson was Dennis Kucinich's Chief Economic Advisor in the recent Democratic primary presidential campaign, and has advised the U.S., Canadian, Mexican and Latvian governments, as well as the United Nations Institute for Training and Research (UNITAR). A Distinguished Research Professor at University of Missouri, Kansas City (UMKC), he is the author of many books, including Super Imperialism: The Economic Strategy of American Empire (new ed., Pluto Press, 2002)

3. Harold Meyerson is the Wednesday Washington Post op-ed columnist and Editor-at-Large of The American Prospect . His is generally viewed as the most liberal voice on the Post op-ed page. Meyerson was also Columnist-at-Large for the L.A. Weekly, the nation's largest metropolitan weekly, where he served as executive editor from 1989 through 2001.