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Starfirenv (< 20)

Obama's Budget FY 2012- A Little Different Than The Last Look.

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March 06, 2011 – Comments (5) | RELATED TICKERS: TRRU , DIS

This is a short read by Paul Craig Roberts. For those of you unfamiliar, here is a brief bio courtesy of Wiki: ..."He served as an Assistant Secretary of the Treasury in the Reagan Administration...He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service...

From 1975 to 1978, Roberts served on the congressional staff. As economic counsel to Congressman Jack Kemp[4] he drafted the Kemp-Roth bill (which became the Economic Recovery Tax Act of 1981) and played a leading role in developing bipartisan support for a supply-side economic policy.[3] His influential 1978 article for Harper's,[5] while economic counsel to Senator Orrin Hatch,[6] had Wall Street Journal editor Robert L. Bartley give him an editorial slot, which he had until 1980.[7] He was a senior fellow in political economy at the Center for Strategic and International Studies, then part of Georgetown University.[4]

From early 1981 to January 1982 he served as Assistant Secretary of the Treasury for Economic Policy. President Ronald Reagan and Treasury Secretary Donald Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department's Meritorious Service Award for "outstanding contributions to the formulation of United States economic policy."[3] Roberts resigned in January 1982 to become the first occupant of the William E. Simon Chair for Economic Policy at the Center for Strategic and International Studies, then part of Georgetown University...

He was a Distinguished Fellow at the Cato Institute from 1993 to 1996. He was a Senior Research Fellow at the Hoover Institution.[3]  ...Forbes Media Guide ranked him as one of the top seven journalists in the United States. END.

In short, the guy tells it like it is and serves no master. Again, from Wikipedia, "Roberts opposed the Iraq War and writes frequently on the subject. On May 18, 2005, in response to the publication of the "Downing Street memo," Roberts wrote an article calling for Bush's impeachment for lying to Congress about the case for war." END.

No wonder he was "Blackballed" from the MSM. The take-away, open your eyes to the continuation of "The Agenda".

The Story, courtesy of Global Research-

"Wall Street versus the Poor and the Middle Class: Obama’s FY 2012 Budget Is A Tool Of Class War" by Paul Craig Roberts
"Obama’s new budget is a continuation of Wall Street’s class war against the poor and middle class. 
  Wall Street wasn’t through with us when the banksters sold their fraudulent derivatives into our pension funds, wrecked Americans’ job prospects and retirement plans, secured a $700 billion bailout at taxpayers’ expense while foreclosing on the homes of millions of Americans, and loaded up the Federal Reserve’s balance sheet with several trillion dollars of junk financial paper in exchange for newly created money to shore up the banks’ balance sheets. 
  The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit.  When they do, Americans will get a lesson in poverty.
  Now the ruling oligarchies have struck again, this time through the federal budget. The U.S. government has a huge military/security budget.  It is as large as the budgets of the rest of the world combined. The Pentagon, CIA, and Homeland Security budgets account for the $1.1 trillion federal deficit that the Obama administration forecasts for fiscal year 2012. This massive deficit spending serves only one purpose--the enrichment of the private companies that serve the military/security complex. These companies, along with those on Wall Street, are who elect the U.S. government.
  The U.S. has no enemies except those that the U.S. creates by bombing and invading other countries and by overthrowing foreign leaders and installing American puppets in their place.
  China does not conduct naval exercises off the California coast, but the U.S. conducts war games in the China Sea off China’s coast. Russia does not mass troops on Europe’s borders, but the U.S. places missiles on Russia’s borders. The U.S. is determined to create as many enemies as possible in order to continue its bleeding of the American population to feed the ravenous military/security complex.
  The U.S. government actually spends $56 billion a year, that is, $56,000 million,  in order that American air travelers can be porno-scanned and sexually groped so that firms represented by former Homeland Security Secretary Michael Chertoff can make large profits selling the scanning equipment..."

Full Essay here-

http://www.globalresearch.ca/index.php?context=va&aid=23265





 



 

5 Comments – Post Your Own

#1) On March 07, 2011 at 6:46 AM, XMFSinchiruna (27.51) wrote:

The U.S. has no enemies except those that the U.S. creates by bombing and invading other countries and by overthrowing foreign leaders and installing American puppets in their place.

And yet, the populace appears to have swallowed the ridiculous notion that we're hated because we're free.

The effect of the Federal Reserve’s “quantitative easing” on inflation, interest rates, and the dollar’s foreign exchange value are yet to hit.  When they do, Americans will get a lesson in poverty.

Sad, but true.

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#2) On March 07, 2011 at 11:01 AM, Starfirenv (< 20) wrote:

TMFSinchiruna - Certainly some food for thought in that piece. A military budget "as large as the budgets of the rest of the world combined." Eisenhower warned us years ago. Goog grooming BO for an eye opener. Thanks for the response.

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#3) On March 07, 2011 at 1:06 PM, russiangambit (29.32) wrote:

It will be intresting to see what happens in Libya. There are reports now that military action is now being considered because reportedly it is "not OK to kill civilians", which I happen to agree with. However, it Libya didn't have oil would we ever hear about that?

Geopolitics is a very messy thing, and it is all too easy to play on patriotic strings on the citizens hearts to get them support all kinds of evil things. But is only works as long as you can frame it as "them vs. us", them "freedom haters" and us" freedom lovers". Having been on both sides of the divide , this approach doesn't work on me. I see is the ugly poltics and manipulation. Actually, I can say that the oppressed in this world have more love for freedom than americans living in their relative comofort.I know people are vwey much the same everywhere, all nobility and good intentions evaporate as soon as wealth or survival are threatened.

It is quite disturbing to see USA destroying itself through empire building and corruption the same way USSR did. And, of course, the cost of it is paid via hidden inflation tax  ( i.e. stealing) because if people knew the real cost they would've refused to pay. May be it is a natural course of things for an empire. It is doomed by the human nature of never being happy with what we have and always wanting more - more wealth, more power at any cost.

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#4) On March 07, 2011 at 2:25 PM, Starfirenv (< 20) wrote:

russiangambit - Thanks for your thoughts. I always appreciate the view from one "Having been on both sides of the divide".

- "It will be intresting to see what happens in Libya." Yes, but not surprising.

-" if Libya didn't have oil would we ever hear about that?" Would "we" care?

-" I can say that the oppressed in this world have more love for freedom than americans living in their relative comfort." Reminds me of that Joni Mitchell song, "You don't know what you've got till it's gone".

-"It is quite disturbing to see USA destroying itself through empire building and corruption the same way USSR did." Yes, they say ALL empires throughout history have 2 things in common.  Best

 

 

 

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#5) On March 07, 2011 at 2:55 PM, vriguy (76.93) wrote:

I regret I can give only 1 rec.

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