While the compromise agreed in Washington comes just in time to prevent an immediate catastrophe, financial analyst Max Keiser believes it won't be enough to persuade ratings agencies to let America keep its precious 'triple A' credit score. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
stop it b tees stopitb.com Felonious Munk speaks on the economic state of America and why we shouldn't pay our bills. For booking Info fmonk72@gmail.com Follow on Twitter: Comedian: @Felonious_munk Director/Director of Photography: @samuelrogers Director/Graphic Design: @vabeanz Intro/Outro Music: @IamKOKAYN
Cynthia McKinney tells RT America that the US needs to take care of domestic issues. The financial debt debate has many wondering what is going on with the US financial situation. Many are demanding that the US stop spending on the wars and bring that revenue home to help with domestic issues. Does it make senses to spend billions of dollars on our defense when we are so close to default? Cynthia McKinney, former US Representative and target of O' Reilly, tells us what's really going on. Follow Lucy on Twitter: twitter.com
THE INTERVIEW An interview with a French or international personality from the world of economics, politics, culture or diplomacy . www.france24.com www.france24.com
Dr. Paul Craig Roberts www.infowars.com July 27, 2011 In my last column I suggested that an unintended outcome of the debt ceiling impasse could be Congress' loss of the power of the purse. In this column I suggest an intended outcome that the ongoing political theater might be designed to produce. President Obama has said that he will not resort to the various powers open to him to keep the government running should Congress fail to deliver a debt ceiling increase. This is a suspicious statement, as it is not credible that a president would leave troops at war unpaid and without supplies, Social Security checks unsent and stand aside while the US dollar collapses and the credit rating of the US government is destroyed. There are national security directives and executive orders already on the books, as well as the 14th Amendment, that Obama can invoke to set aside the debt ceiling. Congress would sigh with relief that Obama had prevented the lawmakers from destroying the country. So what might be going on? One possibility is that the political theater is operating to bring about otherwise politically impossible cuts in the social safety net. If the drama continues to the absolute deadline without a deal, Obama, who perhaps favors cutting the safety net as much as do the Republicans, would have to accept the Republican package in order that the troops are not cut off from supplies, Social Security checks can continue to go out, and the dollar be saved. Having opposed the <b>...</b>
Dr. Paul Craig Roberts www.infowars.com July 27, 2011 In my last column I suggested that an unintended outcome of the debt ceiling impasse could be Congress' loss of the power of the purse. In this column I suggest an intended outcome that the ongoing political theater might be designed to produce. President Obama has said that he will not resort to the various powers open to him to keep the government running should Congress fail to deliver a debt ceiling increase. This is a suspicious statement, as it is not credible that a president would leave troops at war unpaid and without supplies, Social Security checks unsent and stand aside while the US dollar collapses and the credit rating of the US government is destroyed. There are national security directives and executive orders already on the books, as well as the 14th Amendment, that Obama can invoke to set aside the debt ceiling. Congress would sigh with relief that Obama had prevented the lawmakers from destroying the country. So what might be going on? One possibility is that the political theater is operating to bring about otherwise politically impossible cuts in the social safety net. If the drama continues to the absolute deadline without a deal, Obama, who perhaps favors cutting the safety net as much as do the Republicans, would have to accept the Republican package in order that the troops are not cut off from supplies, Social Security checks can continue to go out, and the dollar be saved. Having opposed the <b>...</b>
Spot-on.
