“Trillions of cuts to costs, 600 of cuts to health and retirement acquired rights, against just 1.200 billions of income growths achieved, not raising the rates, but eliminating privileges and deductions for the richest”
The Republican Right seems to be ready for everything to blow up the agreement between Barach Obama and Republicans, in order to avoid the default risk of USA debt.
The game is mainly played on the defense of privileges, which the previous administration gave to the richest classes and which Obama wanted to preserve only for the incomes lower than 250.000 $.
The worse inheritance, left by a President like George Bush in the history of the United States amounted to 480 billions of dollars, with the catastrophe of the public finance and unnecessary wars, was not enough to convince and lead Republicans to an agreement in order to save USA from disaster.
The political strategy prevails over the Country interests, Tea Party wants to put the President with his back to the wall, in order to oblige him to take all responsibility and pay for his predecessor’s errors.
The republican right’s one is a real blackmail, very similar to those small groups, which in the history of our country have always conditioned the government destiny till nowadays, where the territorial movements dictate the political agenda, smashing institutions.
The republican right raises its voice in the silence of people who, in the party, hold in their heart the defense of the riches’ privileges, who don’t want to share the sacrifices required by the President and, moreover, don’t want to take their responsibility even at the cost of the probable bankrupt of next days.
Obama will risk all in next hours and I don’t think he will be so available to be crucified just by people, who for the last two mandates have always been covering the awful choices that compromised the future of the United States of America.
(Translated by Manuela Salzano)
In the next weeks or months we could experience for the first time what happens when a power like USA finds itself in bankruptcy.
RispondiEliminaTheoretically the actual money based economic system generates debts across all the nations. all of them owe money to someone and it is not clear which state is the creditor. maybe the federal reserve ?
will the total amount of the world debt be paid to the FED ? why governments do not tell the truth ?
it is clear that Obama is another puppet like all the predecessors who acts on the interests of a small group.
I think we are getting closer to know ...
Johnny Bates
RispondiEliminaThat amount doesn't sounf right. Does it include the two wars?
Jeff Rasmussen
RispondiEliminaYour not to smart,are you??Nice selective rhetoric but its old BS get over Bush 3 years of Obama have been enough