Despite Political Theater US Gov't is "Too Big to Fail"

Paul Craig Roberts
Lew Rockwell

Although the financial press speculates about a downgrade of the US government's credit rating and default if political impasse prevents the debt ceiling from being raised in time, I doubt anyone really believes that the debt ceiling will not be raised. It is just all a part of the political theater of the next couple of months.

Republicans will blame the budget deficit and accumulated national debt on Medicare and Social Security. Wall Street sees billions of profits in privatizing either, and debt rating agencies will oblige their Wall Street paymasters by opining from time to time that US Treasury bonds might be downgraded unless "entitlements can be addressed and the deficit brought under control."

Democrats will say that the budget deficit cannot be addressed without an increase in tax revenues, especially from the rich whose incomes have exploded upward while their tax rates have declined.

House Passes Authority for Worldwide War

Sam Milgrom
ACLU

The House just passed the National Defense Authorization Act (NDAA), including a provision to authorize worldwide war, which has no expiration date and will allow this president — and any future president — to go to war anywhere in the world, at any time, without further congressional authorization. The new authorization wouldn’t even require the president to show any threat to the national security of the United States. The American military could become the world’s cop, and could be sent into harm’s way almost anywhere and everywhere around the globe.

Before the vote, the House debated an amendment that would have struck the worldwide war provision. That amendment was introduced by a bipartisan group of representatives: Rep. Justin Amash (R-Mich.), Rep. John Conyers (D-Mich.), Rep. Walter Jones (R-N.C.), Rep. Barbara Lee (D-Calif.), Rep. Jerrold Nadler (D-N.Y.), and Rep. Ron Paul (R-Texas). Given the enormity of the proposed law, you’d expect the House to debate the amendment to strike it extensively, but that’s not what happened. The amendment was debated for a total of 20 minutes. That’s right. Twenty minutes to debate whether Congress should hand the executive branch sweeping worldwide war authority.

Paul: Do Nothing Senate Lets Obama Break War Powers Law (Video)

Youtube





Here’s what noted Republican Abraham Lincoln once wrote on the subject:

Allow the President to invade a neighboring nation, whenever he shall deem it necessary to repel an invasion, and you allow him to do so, whenever he may choose to say he deems it necessary for such purpose — and you allow him to make war at pleasure. Study to see if you can fix any limit to his power in this respect, after you have given him so much as you propose. If, today, he should choose to say he thinks it necessary to invade Canada, to prevent the British from invading us, how could you stop him? You may say to him, 'I see no probability of the British invading us' but he will say to you 'be silent; I see it, if you don’t.' The provision of the Constitution giving the war-making power to Congress, was dictated, as I understand it, by the following reasons: Kings had always been involving and impoverishing their people in wars, pretending generally, if not always, that the good of the people was the object. This, our Convention understood to be the most oppressive of all Kingly oppressions; and they resolved to so frame the Constitution that no one man should hold the power of bringing this oppression upon us.'

Related Article:   

Republicans in Congress to Crown Obama King

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