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August 4, 2011
There are two basic reasons to account for the US debt.
First, the war in the Middle East from Iraq to Afghanistan to oil-rich Libya, which will end up costing between $3 and $5 trillion. Secondly, the bailouts and “free lunch” for Wall Street due to the global financial crisis will around cost $13 trillion. Yet the negotiations to reduce debt are to cut Social Security funding along with that of Medicare and other social programs.
Martin Rowson
So there we have an insight into the way that liberal democracy works in the US. It is Wall Street v Main Street. Wall Street wins because it controls Congress. Obama delivered for Wall Street. What is good for Wall Street is good for the country and the world.
So there are two sets of rules in America: there is one set for ordinary people and another set of rules for people who are powerful and are politically connected.
Washington's system of government is becoming increasingly dysfunctionaland it looks increasingly unable to deal with unemployment crisis and the lack of economic growth.
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Doncha love the T-party nutter!!
All that victimhood/entitlement and the sheer brazeness of it all.