America’s Fiscal Collapse

 Listen to Michel Chossudovsky’s interview on Bonnie Faulkner’s Guns and Butter, Pacifica (KPFA):  AUDIO “America’s Fiscal Collapse – Obama’s Budget Will Impoverish America” March 2009    “We will rebuild, we will recover, and the United States…

The US Dictatorship and its White House Servant ‘President’

The even sadder part is that as Obama’s ineffectual election shows, the US (and its Western lackeys) is being driven further and further into bankrupting, criminal wars of aggression that will cause more victims of violence and social mayhem at home and abroad. And it’s all because democracy in the US (and elsewhere in the West) is non-existent. The US is a dictatorship. And Mr Obama is too ineffectual (save for the masters) and irrelevant to be even loosely called its dictator.

War and Debt: The Debt Ceiling Debate That Didn’t Happen

The answer is obvious when one looks at why this fail-safe check was introduced in almost every country of the world. Throughout modern history, war has been the major cause of a rising national debt. Most governments operate in fiscal balance during peacetime, financing their spending and investment by levying taxes and charging user fees. War emergencies push this balance into deficit – sometimes for defensive wars, sometimes for aggression.