Empire Building, the Debt Ceiling the Budget Deficit and the Samson Solution
James Petras Introduction US and world political and economic leaders are faced with what they describe as a ‘systemic catastrophe’: the inability to pay global creditors, including domestic and foreign banks, investors and governments, who hold $16.7… more »
At our expense
Michael Collins The drama of the government shutdown and threatened default on government obligations is entirely unnecessary. It is also harmful to the people of the United States. Government workers and contractors are idle and without income. Their… more »
Baffling Boehner - Who owns this guy?
Michael Collins The Speaker of the United States House of Representatives has the power to end the government shutdown and avoid the U.S. entering into default on October 17. Speaker John Boehner refuses to exercise that power. Why? Who will save us?… more »
Debt Ceiling Disaster - Crazy or Criminal?
By Michael Collins (Washington, DC 1/9/13) Let's say that on a Monday, you sit down and take a hard look at your finances. Your bills exceed your income, assets are just a feint memory, and there is no relief in sight. Reluctantly, you decide that your… more »
Tags: congress, conspiracy, debt ceiling, debt crisis, default, disaster capitalism, fraud, house, republicans
Tea Party Horror Show
What sort of person would deliberately ignore the obvious fundamental reality of any budget? By Numerian It’s hard to say if the Tea Party has an acknowledged leader, but someone who professes to be just that has chosen a very opportune moment to trash… more »
If you declare bankruptcy, will everything be OK in a few days, weeks?
By Michael Collins The crazies in the United States House of Representatives would have you believe it were so. They say fix that budget before we'll raise the debt ceiling. If we don't get our fix, they announce, there's no deal. We'll just default… more »
Obama's Budget Betrayal - Questions and Answers
By Michael Collins Question: Why did President Obama put Social Security and Medicare on the table in the budget negotiations when 80% of the people oppose cuts to these programs? Answer: The president is not in office to represent those people. He was… more »
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