QUOTE: The US economy and the well-being of Americans are being sacrificed to the regime’s wars. The states are broke and laying off teachers
Supplemental war appropriations have become routine affairs, but the budget deficit is invoked to block any aid to Americans
: With the US bankrupting itself in wars, America’s largest creditor, China, has taken issue with America’s credit rating. The head of China’s largest credit rating agency declared: “The US is insolvent and faces bankruptcy as a pure debtor nation.”
On July 12, Niall Ferguson, an historian of empire, warned that the American empire could collapse suddenly from weakness brought on by its massive debts and that such a collapse could be closer than we think.
Deaf, dumb, and blind, Washington policymakers prattle on about “thirty more years of war.”
Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press.
Book Review: The US economy has disintegrated, and with it into the abyss plummet the blueprints of neoliberal economists, whose theories about "the free market" have now gone the way of medieval alchemy. No voice has been stronger, no prose more forceful, than that of Paul Craig Roberts in predicting collapse. His weekly columns in CounterPunch have won an audience of millions around the world, grateful for a trained economist who can explain lucidly how the well-being of the planet has been held hostage by the gangster elite.
Retired Monk - "Ideology is a disease"