The United States steps into the new fiscal year without a budget approved by Congress. According to Government Accountability Office, the national debt has grown to record high $16, 7 trillion or 73% of GDP (it exceeded this level only in the days of WWII). The figure is much higher according to informal sources (independent researchers like, for instance, James Douglas «Jim» Hamilton, an American econometrician currently teaching at University of California, San Diego). If the debt ceiling is not raised urgently, then the US may step into a new financial crisis, as President Obama warned. US Treasury Secretary Jacob Lew told the congressmen in a letter the country may go bankrupt on October 17, the default may take place by the end of October – the middle of November when the money flows get exhausted as Douglas W. Elmendorf, the Director of the Congressional Budget Office, points out.
Tag: War
Today is the 12th Anniversary of the Invasion of Afghanistan drone_attack_victims_children Introduction Thank you. I’m very happy to be here this evening once again at the Illinois Disciples Foundation, which has always been…
Mother Agnes Mariam Attacked…By Human Rights Watch! Since when does a human rights organization take to arguing the case for a military attack that will kill scores of innocent civilians? If you are Human Rights Watch, it’s all in a day’s work. The US regime’s favorite “human rights ” organization, which once praised the Obama Administration’s continuation of its predecessor’s torturous CIA “extraordinary rendition” program, pulled out all stops to bolster Obama’s claims that the Syrian government was responsible for the August 21st chemical attack near Damascus. As Obama was ready to teach Syria a lesson via Tomahawk cruise missiles, Human Rights Watch stood virtually alone in the world on the president’s side. The human rights group was not busy trying to help the victims or promote international diplomatic efforts to end the crisis.
There are several ways to interpret the Obama Administration’s August 31, 2013 decision to ask the US Congress to vote on a so-called«limited strike» against Syria. These interpretations need to be analyzed to see what the…
Each expert has his own assessment of Washington’s maneuvers around Syria and his own understanding of the aims of these maneuvers. There are as many understandings of the war being waged against Syria…
As pressure mounts over possible military intervention in Syria by Western forces, it is important to contextualize this conflict geographically, politically and historically within the tensions that have been building up in this region, and…
This past Sunday night on “60 Minutes” John Miller of CBS News said, “I’ve spoken with intelligence analysts who have said an uncomfortable thing that has a ring of truth, which is: the longer this…
In what NPR called “perhaps President Obama’s last best chance” to make his case for launching a war against Syria, the president tellingly didn’t make a single effort to present hard, compelling evidence to prove…
they shall mount up with wings as eagles; they shall run, and not be weary—Isaiah 40:31 Deriorating into oblivion, the world’s largest army cannot move fast enough to cope with the immediateness of the…
The intelligence gathered against Syria’s Assad was manufactured by elements within the spy community in order to mislead the US President to take punitive action, Ray McGovern, a veteran CIA analyst, told RT. McGovern was among the signatories to the letter from veteran intelligence professionals to Obama, warning the US president that Assad is not responsible for the chemical attack, and that “CIA Director John Brennan is perpetrating a pre-Iraq-War-type fraud on members of Congress, the media, [and] the public.” RT: You were one of the signatories to that letter to the US President. Do you think it will influence Obama?