Every country in the world now worries about judgment&sanity of country with largest nuclear arsenal

[kpete]

The Decline and Fall of the American Empire

By Paul Craig Roberts

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Every country in the world now worries about the judgment and sanity of the country with the largest nuclear arsenal in the world.

This is the achievement of the Republicans, who took an ordinary commonplace increase in the debt ceiling limit, an event that has occurred routinely many times over the course of my life, and turned it into a crisis threatening the world financial system.

To be clear, there was never any risk whatsoever of US default as President Obama has power established by President George W. Bush’s Presidential Directive 51 to declare default a National Emergency and to set aside the debt ceiling limit and Congress’ power of the purse, and to continue to issue the debt necessary to fund the US government and its wars.

That the American press ever took this highly-hyped “crisis” seriously merely demonstrates their prostitute status.

more:
http://www.informationclearinghouse.info/article28730.htm