[THS] Paul Craig Roberts: Obamas FY 2012 Budget Is A Tool Of Class War
The Harder Stuff in news and commentary
ths at psalience.org
Sat Feb 19 21:51:06 CET 2011
Obamas FY 2012 Budget Is A Tool Of Class War
Paul Craig Roberts
February 18, 2011 "Information Clearing House" ---- Obamas new budget is a
continuation of Wall Streets class war against the poor and middle class. Wall Street
wasnt through with us when the banksters sold their fraudulent derivatives into our
pension funds, wrecked Americans job prospects and retirement plans, secured a
$700 billion bailout at taxpayers expense while foreclosing on the homes of millions of
Americans, and loaded up the Federal Reserves balance sheet with several trillion
dollars of junk financial paper in exchange for newly created money to shore up the
banks balance sheets. The effect of the Federal Reserves quantitative easing on
inflation, interest rates, and the dollars foreign exchange value are yet to hit. When
they do, Americans will get a lesson in poverty.
Now the ruling oligarchies have struck again, this time through the federal budget.
The U.S. government has a huge military/security budget. It is as large as the
budgets of the rest of the world combined. The Pentagon, CIA, and Homeland
Security budgets account for the $1.1 trillion federal deficit that the Obama
administration forecasts for fiscal year 2012. This massive deficit spending serves only
one purpose--the enrichment of the private companies that serve the military/security
complex. These companies, along with those on Wall Street, are who elect the U.S.
The U.S. has no enemies except those that the U.S. creates by bombing and
invading other countries and by overthrowing foreign leaders and installing American
puppets in their place.
China does not conduct naval exercises off the California coast, but the U.S. conducts
war games in the China Sea off Chinas coast. Russia does not mass troops on
Europes borders, but the U.S. places missiles on Russias borders. The U.S. is
determined to create as many enemies as possible in order to continue its bleeding of
the American population to feed the ravenous military/security complex.
The U.S. government actually spends $56 billion a year, that is, $56,000 million, in
order that American air travelers can be porno-scanned and sexually groped so that
firms represented by former Homeland Security Secretary Michael Chertoff can make
large profits selling the scanning equipment.
With a perpetual budget deficit driven by the military/security complexs desire for
profits, the real cause of Americas enormous budget deficit is off-limits for discussion.
The U.S. Secretary of War-Mongering, Robert Gates, declared: We shrink from our
global security responsibilities at our peril. The military brass warns of cutting any of
the billions of aid to Israel and Egypt, two functionaries for its Middle East policy.
But what are our global security responsibilities? Where did they come from? Why
would America be at peril if America stopped bombing and invading other countries
and interfering in their internal affairs? The perils America faces are all self-created.
The answer to this question used to be that otherwise we would be murdered in our
beds by the worldwide communist conspiracy. Today the answer is that we will be
murdered in our airplanes, train stations, and shopping centers by Muslim terrorists
and by a newly created imaginary threat--domestic extremists, that is, war
protesters and environmentalists.
The U.S. military/security complex is capable of creating any number of false flag
events in order to make these threats seem real to a public whose intelligence is
limited to TV, shopping mall experiences, and football games.
So Americans are stuck with enormous budget deficits that the Federal Reserve must
finance by printing new money, money that sooner or later will destroy the
purchasing power of the dollar and its role as world reserve currency. When the
dollar goes, American power goes.
For the ruling oligarchies, the question is: how to save their power.
Their answer is: make the people pay.
And that is what their latest puppet, President Obama, is doing.
With the U.S. in the worst recession since the Great Depression, a great recession
that John Williams and Gerald Celente, along with myself, have said is deepening, the
Obama budget takes aim at support programs for the poor and out-of-work. The
American elites are transforming themselves into idiots as they seek to replicate in
America the conditions that have led to the overthrows of similarly corrupt elites in
Tunisia and Egypt and mounting challenges to U.S. puppet governments elsewhere.
All we need is a few million more Americans with nothing to lose in order to bring the
disturbances in the Middle East home to America.
With the U.S. military bogged down in wars abroad, an American revolution would
have the best chance of success.
American politicians have to fund Israel as the money returns in campaign
contributions. The U.S. government must fund the Egyptian military if there is to be
any hope of turning the next Egyptian government into another American puppet
that will serve Israel by continuing the blockade of the Palestinians herded into the
These goals are far more important to the American elite than Pell Grants that enable
poor Americans to obtain an education, or clean water, or community block grants,
or the low income energy assistance program (cut by the amount that U.S. taxpayers
are forced to give to Israel).
There are also $7,700 million of cuts in Medicaid and other health programs over the
next five years.
Given the magnitude of the U.S. budget deficit, these sums are a pittance. The cuts
will have no effect on U.S. Treasury financing needs. They will put no brakes on the
Federal Reserves need to print money in order to keep the U.S. government in
These cuts serve one purpose: to further the Republican Partys myth that America is
in economic trouble because of the poor: The poor are shiftless. They wont work.
The only reason unemployment is high is that the poor had rather be on welfare.
A new addition to the welfare myth is that recent middle class college graduates
wont take the jobs offered them, because their parents have too much money, and
the kids like living at home without having to do anything. A spoiled generation, they
come out of university refusing any job that doesnt start out as CEO of a Fortune 500
company. The reason that engineering graduates do not get job interviews is that
they do not want them.
What all this leads to is an assault on entitlements, which means Social Security and
Medicare. The elites have programmed, through their control of the media, a large
part of the population, especially those who think of themselves as conservatives, to
conflate entitlements with welfare. America is going to hell not because of foreign
wars that serve no American purpose, but because people, who have paid 15% of
their payroll all their lives for old age pensions and medical care, want handouts in
their retirement years. Why do these selfish people think that working Americans
should be forced through payroll taxes to pay for the pensions and medical care of
the retirees? Why didnt the retirees consume less and prepare for their own
The elites line, and that of their hired spokespersons in think tanks and universities,
is that America is in trouble because of its retirees.
Too many Americans have been brainwashed to believe that America is in trouble
because of its poor and its retirees. America is not in trouble because it coerces a
dwindling number of taxpayers to support the military/security complexs enormous
profits, American puppet governments abroad, and Israel.
The American elites solution for Americas problems is not merely to foreclose on the
homes of Americans whose jobs were sent offshore, but to add to the numbers of
distressed Americans with nothing to lose the sick and the dispossessed retirees, and
the university graduates who cannot find jobs that have been sent to Chine and
Of all the countries in the world, none need a revolution as bad as the United States,
a country ruled by a handful of selfish oligarchs who have more income and wealth
than can be spent in a lifetime.
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