Paul Craig Roberts: The Political Theater and The Debt Ceiling Crisis 1/2

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...

Category:

News & Politics

Tags:

• Obama
• Administration
• hypes
• depression
• and
• collapse
• if
• debt
• deal
• not
• reached
• paul
• craig
• roberts
• ronald
• reagan
• economic
• crisis
• glenn
• beck
• gold
• dollar
• reserve
• schiff
• bank
• financial
• fed
• market
• freedom
• fox
• news
• alex
• jones
• silver
• economy
• revolution
• government
• america
• economics
• wall
• street
• jim
• rogers
• inflation
• meltdown
• capitalism
• patriot
• stock
• rand
• congress
• socialism

[goldcurrent1]

The overthrow of America is happening right before our eyes. The banking cartels will not stop until we are slaves on our own land.

[voiceofreason2u]

I guess those sleeping through all this will just be like: "hey, WTF happened- I just woke up up the other day and my bank won't let me take my money out, the money I do have is worth 95% less than last week, all the grocery stores are empty, and there's military troops patrolling my street- wow, what happened while I was nodding off letting my politicians do their thing?"

[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!!

[poindexterwitkowsky]

~The idea that lower corporate & individual tax rates spur job growth is a 30-year REPUBLICAN LIE. Since the implementation of the REAGAN & BUSH TAX CUTS, America has LOST MORE jobs than at any other time in its history. Not collecting a FAIR SHARE of taxes from corporations& the wealthy has spawned a SERIOUS REVENUE PROBLEM which should be a matter of NATIONAL SECURITY. On the other hand, a WORKING MIDDLE CLASS with money to spend DOES SPUR JOB GROWTH.~~AMERICA, REJECT THE REPUBLICAN LIE!

[Ellipser]

Bankers, privileged politicians and the media can create fear in others without feeling it themselves.

[DickOPlenty]

the TV talking heads must be reading the same material roberts is. they're saying the same things he's saying & we know they're not smart enough to come up with their own opinions despite claiming to be experts lol both parties are indeed in on this. this IS an attempt to shift more power to the executive branch.

[BrianLuper]

The enemy IS NOT Washington. The real enemy is Britan and those who work for them, who RUN Washington. Everything in the USA is British in origin.....Take it all the way back to Rome, even Greece if you like. Hell they are even on the TV now and nobody seems to notice. They may pull a fast one again and "Save" the crisis from happening at the last min. But, they WILL make the USA fall in time. This is 200 some years in the making. People in this world have no idea how crafty and sneaky things R.

[pandemoniumwest]

@17seventySIX man what in the hell hey? maybe he ate a giant peanut butter sandwich or a whole pack of hubba bubba or something, maybe his polydent is failing

[pandemoniumwest]

oh my god how can you listen to a dude who smacks his lips together between every sentence!!! i agree with what he says but holy shit he's annoying

[Hamalakwath]

they already signed over the war powers Act! so it really doesn't matter what happens at this point!

[17seventySIX]

God I hate how this guy keeps smaking his lips... Irritating,, Its like he something stuck in his teeth or something....