DN! - Pushing Crisis: GOP Cries Wolf on Debt Ceiling in Order to Impose Radical Pro-Rich Agenda

[Wilms]

Pushing Crisis: GOP Cries Wolf on Debt Ceiling in Order to Impose Radical Pro-Rich Agenda

President Obama and Republican House Speaker John Boehner are allegedly close to a $3 trillion deficit-reduction package as part of a deal to raise the federal debt ceiling before an Aug. 2 deadline. But the deal is coming under fire from both congressional Democrats and Republicans. Part of it calls for lowering personal and corporate income tax rates, while eliminating or reducing an array of popular tax breaks, such as the deduction for home mortgage interest.

Some Democratic lawmakers expressed outrage on Thursday because the Obama-Boehner agreement appears to violate their pledge not to cut Social Security and Medicare benefits, as well as Obama’s promise not to make deep cuts in programs for the poor without extracting some tax concessions from the rich.

We’re joined by economist Michael Hudson, president of the Institute for the Study of Long-Term Economic Trends, a Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and author of "Super Imperialism: The Economic Strategy of American Empire."

http://www.democracynow.org/2011/7/22/pushing_crisis_gop_cries_wolf_on

[midnight]

1. K&R Private loans to IMF... No loans to Main Street.... We have a huge problem,

and it's not going to be solved by eating peas...

[Octafish]

2. Gee. So there IS a class war going on. I thought that was 'conspiracy theory.'

"One of the things that is interesting about reading conspiracy theory is that much of what folks think is conspiracy is really many people acting in concert to make or protect their money." - Catherine Austin Fitts

A big shot in Poppy's crew, Fitts got fed up with the corruption at the highest levels of government, business and finance. She's doing all she can to document corruption on Wall Street and Washington and helping those who give a damn do something about it. Her Narcodollars for Beginners deserves a Pulitzer.

Now, where's that RICO statute when you need it? Mr. Holder? Mr. Mueller?

PS: DemocracyNow! is TOPS! So is Wilms!

[Wilms]

3. That's quite a Colby quote at the beginning of Narcodollars for Beginners

"The Latin American drug cartels have stretched their tentacles much deeper into our lives than most people believe. It's possible they are calling the shots at all levels of government."

- William Colby, former CIA Director, 1995


About one year later...


WHO MURDERED THE CIA CHIEF?

William E. Colby: A Highly Suspicious Death

snip

Still, the fact was that Colby had more enemies than friends. In the period between September 1973 and his dismissal in November 1975 as CIA director, Colby testified before congressional committees 56 times. When Congress asked him a question, he gave a straight answer. The Intel guys hated him for it. They thought it was his duty to lie. So did Gerald Ford and Henry Kissinger who fired him as CIA chief for revealing what were called “the family jewels”—assassination plots and other dirty deeds.

Colby had got rid of a lot of guys in the clandestine service at CIA. I'd talked to ex-CIA officers who hated his guts. Even Lou Conein, one of the best-known CIA operatives in Vietnam, told me he believed Colby had destroyed the agency. And Conein, who knew Colby for many years, liked him. Colby had enemies coming from the Right and the Left.

snip

http://www.pythiapress.com/wartales/colby.htm