Paul Craig Roberts: The Political Theater and The Debt Ceiling Crisis 2/2

Dr. Paul Craig Roberts
http://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 Republicans to the last minute, Obama can say that he had no other recourse.

What American wants the troops deserted on the field of battle and the elderly without groceries? Who other than the rich can stand the higher prices from dollar devaluation?

It would be a perfectly orchestrated scenario for getting rid of the New Deal and the Great Society that use up money that could be spent on wars and bailouts and tax cuts for the rich.

http://www.infowars.com/the-political-theater-and-the-debt-ceiling-crisis-are...

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[unoitaliano]

How mqny former administrations ever had a former member come out and exspose the corruption like PCR is?? I don't know of any..this is some serious shit when people like these come out and start kicking wasp nest like these.....We all better listen to these people closely....

[wabfunk]

Paul Roberts talks a lot of sense …. sense that only comes from vast experience. You'd do well to listen carefully to what he says. I think it's admirable that he won't be bulldozed into views & opinions ….. he sticks by his own prognosis, unlike most other guests who end up agreeing with alex under duress. I think its especially admirable that he called out Steve Piczenic on his blatant psyop bullshit. Roberts and Tarpley stick by their opinions and analysis and I really appreciate that.

[vechorik]

Who voted against raising the debt ceiling?

95 Democrats and 66 Republicans exactly - voted against the bill

The US credit rating was downgraded because the bill didn't contain enough cuts.

[Stringyheads]

You'll all end up trailer park trash if it isn't sorted quick. Obama's a puppet behind him are some extreamly ruthless thugs that have no interest in looking after Americas wellfare or its people.

[oooodin]

americans today are a disgrace!!! your grandfathers are turning in theire grave over how disgusting the american people have become. the sooner americans are removed from this planet the better because theire nothing but a fat,lazy, drugged out imbecil excuse of a human and the world will be better without this cancer!!

[DickOPlenty]

he's always a good guest.

[euclid901]

Inability to wage more wars doesn't sound like such a bad thing. Quite the opposite...

[Saywhatyoumust]

@TheFloydReport - Why would they want to hide when no-one (including myself) is doing nothing about it? When we do decide to do something, it will be too late.

Imho people do want to do something, but don't know what to do and when and how. The people need a leader and in the way to get ALL the wealth back from these people, the banksters and the elites and to give the wealth to the people for jobs, health, infrastructure etc. They MUST NOT be allowed to keep the wealth.

[kingomar69]

Somebody, anybody what's the song at the end?

[pancholordofthecouch]

The corporations are the ones doing everything. When is the right going to get it? It's the corporations who want a borderless world. It's the corporations that planned this out all the way back in the 50's. Get a clue!

[TheFloydReport]

There will be no where for you to hide congress. And all you other government cock sucking inbreeds.