Michael Hudson: Economy vs Military

  The Debt Ceiling Debate That Didn't Happen   War and Debt   By MICHAEL HUDSON   To begin with the most obvious question: If governments run up their debt in the process of carrying out programs that Congress already approved, why would Congress have yet another option to stop the government from following through […]

LIVE on CSPAN: Two Criminal Mafia Families Debating The Compromise Bill

   The House Debate On The Compromise Bill  Watch live streaming video from cspan at livestream.com

Obama’s Big Payback to Wall Street

  The Worst Deal in American History?   By MIKE WHITNEY   Is Obama's debt ceiling agreement the worst deal in US history?   Probably. But not for the reasons that are presently being discussed in the media. What makes the deal such an unmitigated disaster is that it strips congress of its Constitutional authority […]

Emperor Obama Declares War on His Subjects

And their number will keep on rising, because nothing of substance has been accomplished. We still do not have an economic policy, are pushing for jobs decimating 'Free Trade Agreements', continue bailing out Empire's Bankers, and subsidizing Transnational Corporations to offshore our jobs and engage in wage arbitrage.   Unemployed Ignored In Debt Ceiling Deal […]

Obama & the Fake Debt Ceiling Crisis: This President Is Really Just Smarter Than You Are

Obama & the Fake Debt Ceiling Crisis: This President Is Really Just Smarter Than You Are 07/27/2011— Bruce A. Dixon It's taken a long while, but I'm finally coming around. I'm about ready to admit the truth. Supporters of the president have long insisted that The Man simply knows things most of us don't. After […]

America: Why Aren’t You Protesting?

"The new rulers do not have any real party affiliation, and neither party adheres to the political philosophy they claim, they are all corporatists now."   If and when the American public finally grasps the importance of this reality, they will hopefully defend themselves by also discarding partisanship and ideologies which currently are the means […]

Reading the Debt Ceiling Tea Leaves to Predict the Future

Reading the Debt Ceiling Tea Leaves to Predict the Future By Jack Rasmus (excerpt) A few weeks ago in late June it leaked out that Vice-President Biden had secretly agreed with Republicans to $1 trillion in spending cuts in an effort to get them to agree to raise the debt ceiling. That was soon upgraded […]

Michael Hudson – Debt Ceiling Charade a Move to the Right

​Many approaches could be taken to fix the crisis, starting with an adjustment to the way America finances it's economy. Letting TBTF fail, taxing capital gains and financial transactions, nationalizing the lending institutions, cutting out the unproductive speculators; the profit addicted, risk averse Wall Street middleman as it were, but that is not being discussed. The […]