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…
Posts published by “Paul Craig Roberts”
It is not unusual for members of the diminishing upper middle class to drop $20,000 or $30,000 on a big wedding. But for celebrities this large sum wouldn’t cover the wedding dress or the flowers.…
It was 2017. Clans were governing America. The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade…
There was a time when the pen was mightier than the sword. That was a time when people believed in truth and regarded truth as an independent power and not as an auxiliary for government,…
The election of Republican Scott Brown to the U.S. Senate by Democratic voters in Massachusetts sends President Obama a message. Voters perceive that Obama’s administration has morphed into a Bush-Cheney government.
Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg adds that none of these aides faced Senate confirmation.…
The US economy is headed toward crisis, and the political leadership of the country — if it can be called leadership — is preoccupied with nonexistent weapons of mass destruction in the Middle East. The…