As Washington dithers over whether the federal government should default on its debt obligations, it is helpful to remember that New York City faced the same problem a generation ago.
This Financial Times video provides an excellent overview of the background and implications of that financial crisis.
President O. is owned by the same financial interests as the politicians led by Boehner; there
differences are thus minor when it comes to taxes
and ending medicare, medicaid, and social security –
which, btw are paid for by workers. It may sound
sexy to certain voters to call those “entitlements”,
but they aren’t.
Anyone who is interested in common sense solutions
to our present economic “crisis” should read what
former Saint REAGAN Administration official
Paul Craig Roberts has to say- and you get to it
quickly from right here: http://www.globalresearch.ca/index.php?context=va&aid=25732